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$9,495,000

Beds
5
Baths
5.0
sq ft
6,349

1580 Harbor Cay Ln, Longboat Key, FL 34228

1580 Harbor Cay Ln

LONGBOAT KEY, FL 34228

  • 3 days on market
Exceptional Contemporary Bayfront Estate in Bay Isles Harbor Section Experience unparalleled luxury in this immaculate, organic-modern Bayfront estate in the esteemed Harbor Section of Bay Isles. This 6,349 sq. ft. 5-bedroom residence seamlessly blends minimalist design with warm organic touches - completely updated to current building code in 2017 and exterior refresh by DSDG architects in 2024/25Enjoy breathtaking, unobstructed bay views over a protected mangrove-lined rim canal, with the dramatic downtown Sarasota skyline as your backdrop. The open-concept design enhances natural light, while electric shades and roll-down screens extend the outdoor living space for year-round enjoyment. Boating enthusiasts will appreciate the fully appointed wide watersports updates on 100ft wide deep-water bay frontage with fast access to Sarasota Bay, the Intercoastal Waterway and Gulf of America. The top-level owner’s suite is a private sanctuary, complete with an elevator, a spacious walk-in closet, and a spa-like bath featuring panoramic water views, dual shower heads, and body sprays. A second master suite on the main level boasts an ensuite bath with a chromotherapy and aromatherapy spa tub. Designed to showcase artwork dramatically, the home’s layout is as functional as it is stunning. The expansive 3-car garage includes tandem space for additional vehicles and opens to a vast under-building storage/utility flex space. Residents of Bay Isles enjoy 24-hour manned guard gates, deeded access to the exclusive Bay Isles Beach Club, and proximity to Harbourside Golf Course and Longboat Key Club Moorings. Located in the most desirable section of Longboat Key, this residence is just a short distance from the highly anticipated St. Regis Resort and minutes from fine dining, shopping, and essential services.

Details

Property type

Single Family Residence

Est. home value

$7,216,931

Lot size

0.34 acres

Price per sq ft

$1,496

Year built

1981

Annual property taxes

$56,751

Monthly HOA fee

$201.67

Price History

03/05/2025
StellarMLS

StellarMLS #A4643044

Listed
$9,495,000
+102.02%
10/15/2020
StellarMLS

StellarMLS #A4460976

Sold
$4,700,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$6,491,676
Asking price
$9,495,000
Closing costs (~8% of asking)
-$759,600
Est. remaining loan balance
-$2,243,724
Cash to seller
$6,491,676

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Ubs Bank Usa

Loan start date

October 2020

Original loan amount

$3,000,000

Est. remaining balance

$2,243,724

Interest rate

2.46%

Loan type

New Conventional, 15 year

Seller

Todd L Rieke and Elizabeth L Rieke

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/09/2025 at 8:05 AM

Listing updated: 03/06/2025 at 8:57 AM

Listed by: Steve Walter, MICHAEL SAUNDERS & COMPANY Phone #: (941) 383-7591

MLS: StellarMLS #A4643044

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