551 Broadway Street , #1

    Longboat Key, FL 34228
    • $1,200,000
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: A4209864
    UPDATED: 211 min ago
    $1,200,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,262
      SQFT
    • $368
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing information courtesy of Premier Sothebys Intl Realty.

    Description

    Reduced $300K! A rare, seaside income opportunity on boating water nestled between the Gulf and the bay. This 1946 vintage, uniquely charming six-unit limestone structure is located on a corner lot on one of the original building sites in the Historic Village of Long Beach on tropical North Longboat Key. Included are 3 platted non-conforming contiguous lots; two are vacant residential waterfront lots (7009 & 7017 Longboat Drive N.) Perfect for vacation rentals, located just .01 mile to the beach access to Longboat Key's famous beaches and the waters of the Gulf of Mexico where blazing sunsets are enjoyed each night. New seawall, no bridges to the bay and direct access in minutes to Longboat Pass and the Gulf of Mexico. In operation since the 1800s, the Historic Village offers a treasured island lifestyle with restaurants and a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land (2 conforming lots), the historic value and renewed interest in vintage buildings cannot be ignored. Restoring the building with 6 beachside vacation rentals could be a worthwhile investment. The six rental units include five efficiency units and one, one-bedroom unit. There is no recent rental history, however, a limited past history is available. The popular waterfront Mar Vista Restaurant is just two blocks away. The island trolley, a block away, heads north to Anna Maria Islands restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-05-24T23:40:50.4.
    www.beachislandgroup.com/homes/80688510

    551 Broadway Street , #1 Longboat Key, FL 34228

    • Price: $1,200,000
    • Status: Active
    • Updated: 211 min ago
    • MLS #: A4209864
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    3,262
    SQFT
    $368
    $/SQFT
    1946
    Built
    Neighborhood:
    Long Beach, Rev Of
    County:
    Manatee
    Area:
    Longboat Key
    Elementary School:
    Anna Maria Elementary
    Middle School:
    Martha B. King Middle
    High School:
    Bayshore High
    Property Description
    Reduced $300K! A rare, seaside income opportunity on boating water nestled between the Gulf and the bay. This 1946 vintage, uniquely charming six-unit limestone structure is located on a corner lot on one of the original building sites in the Historic Village of Long Beach on tropical North Longboat Key. Included are 3 platted non-conforming contiguous lots; two are vacant residential waterfront lots (7009 & 7017 Longboat Drive N.) Perfect for vacation rentals, located just .01 mile to the beach access to Longboat Key's famous beaches and the waters of the Gulf of Mexico where blazing sunsets are enjoyed each night. New seawall, no bridges to the bay and direct access in minutes to Longboat Pass and the Gulf of Mexico. In operation since the 1800s, the Historic Village offers a treasured island lifestyle with restaurants and a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land (2 conforming lots), the historic value and renewed interest in vintage buildings cannot be ignored. Restoring the building with 6 beachside vacation rentals could be a worthwhile investment. The six rental units include five efficiency units and one, one-bedroom unit. There is no recent rental history, however, a limited past history is available. The popular waterfront Mar Vista Restaurant is just two blocks away. The island trolley, a block away, heads north to Anna Maria Islands restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.
    Exterior Features

    Additional Water Information Direct To Longboat Pass And The Gulf Of Mexico in Minutes Architectural Style BungalowHistorical Carport Yn No Construction Materials Stone Direction Faces Southeast Lot Features Corner LotFlood Insurance RequiredFlood PlainHistoric DistrictNear Public TransitRoom For PoolStreet Paved Lot Size Dimensions 169X125x150x125 Parking Features GuestIn GarageNoneOpen Patio And Porch Features PatioPorch Pool Private Yn No Roof Metal View Water Water Access Canal - Saltwater Water Access Yn Yes Water Body Name Canal Water Extras Bridges - No Fixed BridgesSeawall - Concrete Water Extras Yn Yes Water Frontage Feet Canal Salt 110 Water View Canal Waterfront Features Canal - Saltwater Waterfront Feet Total 110 Waterfront Yn Yes

    Interior Features

    Cooling Wall/Window Unit(S) Heating Central Levels One

    Property Features

    Additional Parcels Yn Yes Annual Expenses 0 Annual Net Income 0.00 Association Fee Requirement None Cdd Yn No Community Features Water Access Disclosures Lead PaintSeller Property Disclosure Dpryn No Est Annual Market Income 0.00 Flood Zone Code Ae Garage Yn No Homestead Yn No Listing Terms CashConventional New Construction Yn No Pets Allowed No Property Condition CompletedFixer Property Sub Type Multi-Family Realtor Info Brochure Available Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Not Applicable Tax Annual Amount 5504 Tax Year 2017 Total Actual Rent 0 Total Num Buildings 1 Utilities Public Zoning R6sf

    Listing information courtesy of Premier Sothebys Intl Realty.
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-05-24T23:40:50.4.
     
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    Listing information courtesy of Premier Sothebys Intl Realty.