551 BROADWAY STREET 1, LONGBOAT KEY, FL 34228
$1,000,000
Residential Lots Taxes: $5,504.00 Type: Residential Listed on 02/15/2018 MLS # A4210293

Description of 551 BROADWAY STREET 1, LONGBOAT KEY, FL 34228

Reduced $400,000. On boating water direct to Longboat Pass, no bridges to the bay, nestled between the gulf beaches and the bay on tropical North Longboat Key. Included are three separately platted, contiguous parcels - two are currently vacant non-conforming waterfront lots (7009 & 7017 Longboat Drive N.) Dock pilings in place, seawall recapped in 2017. Currently a 1946 vintage 6-unit limestone multi-family building sits on the corner lot on one of the original building sites in the Historic Village of Long Beach. Just .01 mile to the 100 Broadway beach access to Longboat Key's famous white beaches and the azure waters of the Gulf of Mexico where blazing sunsets are enjoyed each night. Direct access in minutes to Longboat Pass and the Gulf of Mexico. In operation since the 1800’s, 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, the historic value and renewed interest in vintage buildings could make restoring the six beachside vacation rentals (5/efficiency units and 1/one-bedroom unit) a current worthwhile project with a future value as two conforming building sites. The popular waterfront Mar Vista Restaurant is just 2 blocks away. The island trolley, a block away, heads north to Anna Marie island’s restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

Directions to 551 BROADWAY STREET 1, LONGBOAT KEY, FL 34228

North on Gulf of Mexico Dr, East (Right) on Broadway Street (just before the North Bridge). Turn left at corner to park on Longboat Drive. Two vacant lots are #7009 & 7017 Longboat Drive North.

Features of 551 BROADWAY STREET 1, LONGBOAT KEY, FL 34228

Schools

  • Elementary school: Anna Maria Elementary
  • High school: Bayshore High
  • Middle school: Martha B. King Middle

Lot

  • Frontage: 125
  • Lot acreage is: 0.43
  • Lot dimension is: 169x125x150x125
  • Lot has canal view
  • Lot has southeastern exposure
  • Lot has water view
  • Lot on flood plain
  • Lot zoned: R6SF
  • Present use: Multi-Family
  • Subdivision: LONG BEACH, REV OF
  • Waterfront lot

Other

  • Pets allowed
  • Tax year: 2017

Mortgage Payments for 551 BROADWAY STREET 1, LONGBOAT KEY, FL 34228

The approximate monthly Principal & Interest payment for this property would be $5,257. This payment is based on a 30-year loan at a fixed rate of 4.94 % with a down payment of $100,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.