551 Broadway St #1

$899,000, .43 Acres

About This Property

Reduced $450,000. Recent zoning change may allow building of up to 6 NEW multi-family or 2 single family homes. Boating water direct to Longboat Pass, no bridges to the bay, nestled between the gulf beaches and the bay on tropical N Longboat Key. Included are 3 separately platted parcels - including two 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 land value for building sites. Prime location! 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.

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 Market434
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.

Listing information last updated on May 20th, 2019 at 4:45pm CDT.

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