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$1,250,000

Beds
4
Baths
2.0
sq ft
2,144

579 Bayview Dr, Longboat Key, FL 34228

579 Bayview Dr

LONGBOAT KEY, FL 34228

  • 69 days on market
Welcome to an incredible opportunity in the highly sought-after Bayview Estates on Longboat Key. Situated on a stunning saltwater canal lot with direct access to Sarasota Bay and the Gulf of Mexico, this property is a boater's paradise. Featuring a deep-water canal with a dock, seawall, and lift already in place, the potential for creating your dream waterfront home is limitless. Enjoy peekaboo views of the bay and imagine the possibility of expanding or redeveloping the property to take in breathtaking vistas of Bishops Bayou, the Intracoastal Waterway, and beyond. This home is located just steps from the public beach access, offering unparalleled convenience to one of Longboat Key's best surf breaks. Nearby amenities include fine dining, shopping, tennis, fitness clubs, and community parks, ensuring the quintessential island lifestyle. While the home was damaged and flooded during recent hurricanes, it presents a fantastic opportunity for visionaries to rebuild or renovate and make it their own. Being sold for land value, this property is your chance to create a dream residence in one of Longboat Key's most coveted neighborhoods. Don’t miss out—schedule your private tour today!

Details

Property type

Single Family Residence

Est. home value

$1,570,165

Property condition

Fixer

Lot size

0.23 acres

Price per sq ft

$584

Year built

1971

Annual property taxes

$8,289.88

HOA

No

Price History

12/16/2024
StellarMLS

StellarMLS #A4632655

Listed
$1,250,000
+78.57%
04/19/2017
StellarMLS

StellarMLS #A4180799

Sold
$700,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

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

$676,464
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$473,536
Cash to seller
$676,464

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

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

June 2017

Original loan amount

$560,000

Est. remaining balance

$473,536

Interest rate

4.02%

Loan type

New Conventional, 30 year

Seller

Barbara Bustic

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?

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Status: Active

Tomo last checked: 02/23/2025 at 7:55 AM

Listing updated: 12/17/2024 at 6:58 AM

Listed by: Rachelle Golden, MICHAEL SAUNDERS & COMPANY Phone #: (941) 388-4447

MLS: StellarMLS #A4632655

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