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$1,900,000

Beds
3
Baths
2.5
sq ft
1,932

537 Gunwale Ln, Longboat Key, FL 34228

537 Gunwale Ln

LONGBOAT KEY, FL 34228

  • 1 day on market
An exceptional chance to acquire a prime waterfront residence on the Southern tip of Longboat Key, ideally situated along a wide waterway leading to Sarasota Bay (with no bridges). Located in one of the most desirable areas, this home is just a short walk or bike ride to your deeded beach access, the prestigious Longboat Key Club, and the new St. Regis hotel. Enjoy beautiful beaches, world-class dining, St. Armands Circle, and more. With over 100 feet of canal frontage, this property features deep, sheltered waters perfect for boating, with direct access to the Intracoastal Waterway, Sarasota Bay, and the Gulf of Mexico. The home offers an excellent foundation, a beautiful pool, a new roof, and a new seawall with a jet ski lift for your dream waterfront retreat. The location also offers convenient access to downtown Sarasota, known for its vibrant arts and cultural scene, and Sarasota International Airport, making it the perfect balance of coastal living and accessibility. Although the current home has sustained damage from the hurricane, it presents remarkable potential. The minial water and drywall were removed within 24 hours of intrusion. The 12,392-square-foot lot offers numerous possibilities. Embrace the Longboat Key lifestyle with deeded beach access, easy boating, and proximity to the island's top amenities. Memberships at the Longboat Key Club provide access to world-class golf, a premier tennis center, and a private beach club. With a rare combination of location, water access, and potential, this home presents an unparalleled opportunity to create your ideal waterfront retreat. A short stroll to the deeded beach offers the chance to relax, enjoy the sun, and witness breathtaking sunsets. Don't miss this opportunity to create your ideal waterfront lifestyle in one of Longboat Key's most desirable communities.

Details

Property type

Single Family Residence

Est. home value

$2,141,684

Lot size

0.28 acres

Price per sq ft

$984

Year built

1965

Annual property taxes

$19,500

Monthly HOA fee

$4.17

Price History

03/19/2025
StellarMLS

StellarMLS #A4645110

Listed
$1,900,000
+245.45%
06/08/2012
StellarMLS

StellarMLS #T2492170

Sold
$550,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Pine View School

High school: 

Pine View School

Community features: 

None

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

$1,249,745
Asking price
$1,900,000
Closing costs (~8% of asking)
-$152,000
Est. remaining loan balance
-$498,255
Cash to seller
$1,249,745

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$540,000

Est. remaining balance

$498,255

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Charles L Simmons and Erica Simmons

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: 03/21/2025 at 9:45 AM

Listing updated: 03/20/2025 at 6:57 AM

Listed by: Judy Kepecz-Hays, COLDWELL BANKER REALTY Phone #: (941) 366-8070

MLS: StellarMLS #A4645110

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