578-580 Companion Way, LONGBOAT KEY, FL

$1,145,000

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3

Beds

3

Baths

1,792

Square feet

0.19

Acres

About 578-580 Companion Way

Don't miss this rare, captivating, turnkey duplex with income potential nestled in the serene beauty of Longboat Key. This exquisitely renovated home offers the perfect blend of modern convenience and income potential. Just across from a deeded beach entrance, this property promises an idyllic coastal lifestyle. The versatility of this home is truly exceptional. Live on one side and rent out the other to offset expenses, or utilize one side as a private one-bedroom in-law suite with a separate entrance. As an investment, the income generating potential is currently $6,600 per unit per month during the peak season. The flexible layout sleeps up to six on each side and allows for multiple options to maximize rental income. It is an ideal retreat for families or groups of friends seeking a beach resort escape; The fenced back yard and separate outdoor patios with barbecues offer a serene outdoor haven. Both carports have been converted to screened lanais, and each side has two off-street parking spaces as well as boat parking. More than a few high-quality restaurants are a conveniently located nearby. With an optional membership to the Cedars East complex across the street, you and/or your tenants can enjoy a junior Olympic swimming pool, fully equipped gym, tennis and pickleball courts, and bicycles. Longboat Key is renowned for its pristine, uncrowded beach, upscale amenities, and laid-back coastal lifestyle. Residents can relish the tranquility of a beachside community while being in close proximity to St. Armands Circle and Sarasota's cultural attractions, entertainment, dining, and shopping. Whether you are seeking an upgraded, turnkey furnished investment property, vacation home, or permanent residence with rental income potential, this Longboat Key gem offers the perfect balance. Don't miss this chance to own a slice of paradise on the Florida coast.

Features of 578-580 Companion Way

MLS® # A4598090
Price $1,145,000
Bedrooms 3
Bathrooms 3.00
Full Baths 3
Square Footage 1,792
Acres 0.19
Year Built 1963
Type Residential
Sub-Type Single Family Residence
Style Bungalow, Florida
Status Active

Community Information

Address 578-580 Companion Way
Area Longboat Key
Subdivision LONGBOAT KEY
City LONGBOAT KEY
County Manatee
State FL
Zip Code 34228

Amenities

Parking Driveway, Off Street
View Garden
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Window Treatments
Appliances Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Heating Central, Electric
Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Exterior Features Garden, Outdoor Grill, Private Mailbox, Storage
Lot Description FloodZone, City Limits
Roof Shingle
Foundation Slab

Additional Information

Date Listed February 1st, 2024
Days on Market 75
Zoning R4SF
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMICHAEL SAUNDERS & COMPANY

Listing Map

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