703 Spanish Dr S · Longboat Key, FL 34228

$435,000

2 bd · 2.0 ba · 1,322 sqft · Condo public records · 5 Days on market

Built 1971 $1340/mo HOA · 21% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.5/30.0
• 1% rule +9.7/10.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• Appreciation +5.4/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

Key facts

• Solid wood cabinets
• Quartz countertops
• Primary en-suite

Tags

• OPEN KITCHEN
• SOLID WOOD CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS APPLIANCES
• OVERSIZED ISLAND
• PRIMARY EN-SUITE

Property features AI

Finance

• Other: Unfurnished; Floor 1 of the building; Living area reported as 1,322 (per public records); Building area reported as 1,742 (per public records); Direction faces: South
• Financial info: Total annual association fees $16,080; Lease restrictions apply
• HOA & community: Monthly condo fee of $1,340 (includes common area taxes, pool, reserves, insurance, structure and grounds maintenance, management, private road, sewer, trash, water); Association amenities include clubhouse, pool, maintenance, shuffleboard court; Senior community; Pets allowed (cats and dogs) with limits — maximum pet weight 25 lbs; Association approval required; Buyer approval required; special community restrictions and deed restrictions

Exterior

• Parking: Carport (1 space); On-street parking for guests
• Security: Private community with deed restrictions and buyer approval required; Street lights
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Underground utilities; Fire hydrant nearby; Sprinkler well
• Home design: Attached villa; Single-story; South-facing; Completed condition; One-level entry
• Construction: Block and stucco construction; Membrane and tile roof options; Slab foundation; Built as a villa
• Exterior features: Front porch; Patio; Storage; Irrigation equipment; Landscaped with trees; Near marina; Street is a dead-end; Paved, private maintained road; Flood zone (flood insurance required)

Interior

• Kitchen: Convection oven; Dishwasher; Disposal; Exhaust fan; Microwave; Range; Refrigerator; Solid surface and stone counters; Solid wood cabinets; Eat-in layout
• Bedrooms: 2 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Crown molding; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Solid surface counters; Solid wood cabinets; Split bedroom floorplan; Stone counters; Walk-in closets; Window treatments
• Laundry & utility: Inside laundry with washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $435k.

Deal economics

• At list price, monthly cash flow is $585 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $435k).
• Cap rate 9.1% vs local median 0.5% in Longboat Key — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#693 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: housing C-, amenities F, commute F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Anna Maria Elementary School (math 77% / reading 77%, grade A, #170 of 2,144 statewide, top 9%, 190 students, 36% FRL); Bayshore High School (math 17% / reading 26%, grade F, #546 of 667 statewide, top 82%, 1,435 students, 65% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 539 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $6,380/mo this rent would consume 48% of the median local household income ($158k/yr) (locally 98% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $6k of equity ($3k loan paydown + $3k appreciation (0.7% local appreciation)).
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.7% appreciation + 3.0% rent growth), your $122k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 21% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $435,000

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.47% ✓
• Cap rate: 9.08%
• Cash-on-cash: 9.96%
• DSCR: 1.44
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.33×
• Total profit: $40,599
• Equity at exit: $142,372

10-year hold

• IRR: 11.2%
• Equity multiple: 2.33×
• Total profit: $161,987
• Equity at exit: $184,548

Cash invested: $121,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34228

• Home prices YoY: 0.3%
• Active inventory: 539
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $6,380 high
• Mortgage (P&I): −$2,281
• Tax from tax record: −$227 /mo · $2,718/yr
• Insurance: −$181
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$1,340
• Vacancy / Maint / Mgmt: −$1,340
• Net cashflow: $585

Break-even live

Break-even rent $5,640

Max offer price $435,000

Occupancy floor 86%

Sensitivity live

Price	-10% $831	-5% $708	+0% $585	+5% $462	+10% $338
Rent	-10% $81	-5% $333	+0% $585	+5% $837	+10% $1,089
Rate	-1.0pp $804	-0.5pp $695	base $585	+0.5pp $472	+1.0pp $357

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $108,750
• Closing costs: $13,050
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
730 Spanish Dr S #99 Longboat Key, FL	2.0	2.0	1255	$2,800	$2.23	2d	1	0.02mi
676 El Centro Longboat Key, FL	2.0	2.0	1427	$3,250	$2.28	24d	1	0.07mi
820 Spanish Dr S Longboat Key, FL	2.0	2.0	1390	$3,000	$2.16	16d	1	0.08mi
655 Cedars Ct #655 Longboat Key, FL	1.0	2.0	1244	$7,000	$5.63	24d	1	0.10mi
573 Spanish Dr N Longboat Key, FL	2.0	2.0	1380	$3,500	$2.54	16d	1	0.19mi
914 Spanish Dr S #76 Longboat Key, FL	2.0	2.0	1341	$6,500	$4.85	24d	1	0.19mi
957 Spanish Dr N Longboat Key, FL	2.0	2.0	1399	$5,500	$3.93	24d	1	0.22mi
535 Forest Way Longboat Key, FL	2.0	2.5	1440	$6,900	$4.79	24d	1	0.22mi
5621 Gulf of Mexico Dr #103 Longboat Key, FL	3.0	2.0	1731	$5,500	$3.18	24d	1	0.36mi
5621 Gulf of Mexico Dr #102 Longboat Key, FL	2.0	2.0	1346	$6,000	$4.46	24d	1	0.36mi
5611 Gulf of Mexico Dr #3 Longboat Key, FL	3.0	2.0	1635	$5,000	$3.06	24d	1	0.38mi
5611 Gulf of Mexico Dr #5 Longboat Key, FL	3.0	3.0	1672	$7,750	$4.64	24d	1	0.38mi
5611 Gulf of Mexico Dr #1 Longboat Key, FL	3.0	2.0	1675	$14,000	$8.36	24d	1	0.38mi
615 Dream Island Rd #107 Longboat Key, FL	2.0	2.0	1293	$12,500	$9.67	24d	1	0.54mi
615 Dream Island Rd #201 Longboat Key, FL	2.0	2.0	1514	$10,500	$6.94	24d	1	0.54mi
4825 Gulf of Mexico Dr #201 Longboat Key, FL	2.0	2.0	1393	$7,800	$5.60	24d	1	1.33mi

HOA detail condo

• Monthly dues: $1,340 · $16,080/yr
• Likely covers: watersewerpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-05-18
   status Pending
2. 2026-05-13
   listed $435,000 Active
3. 2023-05-02
   soldstatus $572,000
4. 2023-04-27
   soldstatus $572,000 Closed 2326-char remark

   Show marketing remark (2326 chars)

   Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

5. 2023-04-10
   status Pending 2326-char remark

   Show marketing remark (2326 chars)

   Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

6. 2023-03-24
   price $599,000 2326-char remark

   Show marketing remark (2326 chars)

   Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

7. 2023-02-27
   price $625,000 2326-char remark

   Show marketing remark (2326 chars)

   Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

8. 2023-01-31
   listed $675,000 Active 2326-char remark

   Show marketing remark (2326 chars)

   Wow! Nestled between the soft powdered beaches of the Gulf of Mexico and the Intracoastal Waterway of Sarasota Bay, this exquisite custom-designed, move-in-ready home will not disappoint. Completely remodeled from top to bottom, this 2-bedroom, 2-bath, 1,322-square-foot home shouts quality and refinement throughout. The wide-open and spacious designer kitchen with classic neutral quartz countertops, 42” wood cabinets, roll-out drawers, stainless steel appliances, large under-mount sink, tiled backsplash, canned lighting, new fixtures plus shaker beadboard is just the beginning. Stunning luxury vinyl waterproof plank flooring throughout provides a seamless transition from the main living area to the bright expansive Florida room. This beautiful unique area can be used as a flex room for added entertainment, quiet reading, an additional sleeping area or office/workout space with brand-new hurricane floor-to-ceiling glass sliding doors. Other unique and intricate additions are the interior laundry room, not just a laundry closet, with lots of extra storage. The master bedroom has lovely plantation slider doors to provide additional privacy and the enlarged master closet is a dream. Both bathrooms are of high-quality standard and chic appointments, similar to the kitchen. Crown molding, newly relined sewer pipes, all hurricane doors and windows, a re-insulated attic, textured ceilings, and a tastefully designed brick-paver patio that wraps around the back area for additional storage and great outdoor use are just a few more special touches. All of this has been completed from 2020-2023. Roof and AC are 2012. A large walk-through exterior storage room is great for beach and outdoor furniture, fishing poles and grills. Enjoy the delightful sandbars and waterways surrounding Longboat as you launch from one of our 40 slips that hold up to 40’ vessels. Deeded beach access for those glorious beach days and magnificent sunsets. This warm welcoming very active 55+ community with a vast array of entertainment and enjoyment has a community pool plus fishing, kayaking with dolphins, manatees and bird watching closeby. Located only a short drive from the fantastic shops, restaurants and cultural events in St. Armands Circle and Sarasota. Can be under 55 to purchase. A small pet is welcome.

9. 2011-12-28
   soldstatus $106,000 872-char remark

   Show marketing remark (872 chars)

   Short Sale. Return this home back to its glory days. Located in a wonderful, active 55+ community of Spanish Main on Longboat Key, this community boasts its own marina where you can dock your boat for LOW LOW Fees. Perfect for the active boater. This home features new windows, ceramic tile flooring throughout most of the home and an updated kitchen and baths, along with a glass enclosed lanai. The home needs a new roof at approximately $12,000 - additionally there are two active leaks that havecreated mold issues and drywall damage. The price of this is well worth the money and effort to put this back into ship shape in time for Season to either enjoy it for yourself or rent. Don't lets this great opportunity pass you by. THIS IS A PET FRIENDLY COMMUNITY! Other amenities include kayak storage, heated pool, putting green and activities galore in the clubhouse.

10. 2010-04-13
    listed $119,000 872-char remark

    Show marketing remark (872 chars)

    Short Sale. Return this home back to its glory days. Located in a wonderful, active 55+ community of Spanish Main on Longboat Key, this community boasts its own marina where you can dock your boat for LOW LOW Fees. Perfect for the active boater. This home features new windows, ceramic tile flooring throughout most of the home and an updated kitchen and baths, along with a glass enclosed lanai. The home needs a new roof at approximately $12,000 - additionally there are two active leaks that havecreated mold issues and drywall damage. The price of this is well worth the money and effort to put this back into ship shape in time for Season to either enjoy it for yourself or rent. Don't lets this great opportunity pass you by. THIS IS A PET FRIENDLY COMMUNITY! Other amenities include kayak storage, heated pool, putting green and activities galore in the clubhouse.

11. 1999-05-04
    soldstatus $128,000
12. 1987-12-01
    soldstatus $76,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,718 · $227/mo
• Projected year-2 tax: $3,610 · $301/mo
• Expected delta: +$892/yr (+$74/mo · 32.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 29 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $76,560
• − Mortgage interest: −$24,367
• − Property taxes: −$2,718
• − Insurance: −$7,294
• − Repairs & maintenance: −$6,125
• − Management: −$6,125
• − HOA: −$16,080
• − Depreciation: −$12,655
• Taxable income: $1,197
• Est. tax owed @ 24.0%: −$287
• After-tax cash flow: $6,729/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Longboat Key

• Score: 64/100
• State rank: #693
• US rank: #14452

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing C- Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Longboat Key, FL
• County: Sarasota County · 448,376 people
• City population: 7,539
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 7,539
• Household income: $158,030
• Rent vs Own: 6.4% rent · 93.6% own
• Severe rent burden: 98.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 3% Asian 1%
• Common ancestry: Scotch-Irish 7% Romanian 6% Lithuanian 4%
• Foreign-born: 14% · Canada, China
• Languages at home: 92% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 2%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.73%
• Current HPI: 234.5017
• Rent YoY: —
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+472.4% since first listed

12 events — show timeline

• 2026-05-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Listed $435,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-02 Sold (Public Records) $572,000 Public Records
• 2023-04-27 Sold (MLS) $572,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-03-24 Price Changed $599,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-27 Price Changed $625,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-31 Listed $675,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-28 Sold (MLS) $106,000 Stellar MLS as Distributed by MLS Grid
• 2010-04-13 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 1999-05-04 Sold (Public Records) $128,000 Public Records
• 1987-12-01 Sold (Public Records) $76,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $2,718 · -63.3% YoY. Source: county tax records.