551 Broadway St #1

$899,000, .43 Acres

About This Property

WOW! A prime location investment opportunity - reduced $450,000! Recent zoning change may allow building of up to 6 NEW multi-family or 3 individual homes. Nestled between the gulf beaches and the bay on tropical N. Longboat Key on sailboat water direct to Longboat Pass and the Gulf of Mexico. 3 separately platted parcels including two vacant non-conforming waterfront lots (7009 & 7017 Longboat Drive N.) Dock pilings in place, seawall recapped in 2017. A 1946 vintage limestone, 6-unit multi-family building sits on the corner lot on one of the original building sites in the Historic Village of Longbeach. Just .01 mile to the beach access to the Gulf’s azure water and famous white beaches - enjoy blazing, colorful sunsets every night! Founded in the 1800’s, the Historic Village offers a treasured island lifestyle with restaurants, a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land, the historic value and renewed interest in vintage buildings could make restoring the beachside vacation property, 5/efficiency units and 1/one-bedroom unit, a current worthwhile project with a future land value for building sites. Prime location! The popular waterfront restaurant, Mar Vista, is just 2 blocks away on the bay. The new Whitney’s Restaurant (opening soon) and the island trolley stop is 1 block away with easy access to Anna Maria Island’s restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

Essential Information

MLS® #A4210293
Price$899,000
Bathrooms0.00
Acres0.43
TypeLand
Sub-TypeMulti-Family
StatusActive

Community Information

Address551 Broadway St #1
AreaLongboat Key
SubdivisionLong Beach, Rev Of
CityLongboat Key
CountyManatee County
StateFL
Zip Code34228

Amenities

UtilitiesPublic
FeaturesWater Access
Is WaterfrontYes
WaterfrontCanal-salt

View

Flood Plain, Historic District, Near Public Transit, Room For Pool, Street Paved, Water View

Exterior

Exterior FeaturesTrees
Lot Description1/4 Acre to 21779 Sq. Ft.

School Information

ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High

Additional Information

Days on Market465
ZoningR6SF

Listing Details

OfficePremier Sothebys Intl Realty

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551 Broadway St #1, Longboat Key (MLS® #A4210293) Property History

Price Reduced from $950,000 to $899,000
Price Reduced from $990,000 to $950,000
Price Reduced from $1,000,000 to $990,000
Price Reduced from $1,100,000 to $1,000,000
Price Reduced from $1,200,000 to $1,100,000
Show All History (6)

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on June 20th, 2019 at 4:00pm EDT.

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