tomo logo

$1,150,000

Beds
3
Baths
2.0
sq ft
1,862

711 Russell St, Longboat Key, FL 34228

711 Russell St

LONGBOAT KEY, FL 34228

  • 7 days on market
Discover the ideal opportunity to renovate or build your dream home! In the heart of historic Longbeach Village, on Longboat Key's north end, this charming mid-century cedar-framed residence offers a rare chance to create your ideal living space. Set back on an expansive elevated lot with a deep front yard, the property boasts ample room for a private oasis in the rear, complete with a heated pool, spa and low-maintenance synthetic lawn. Previously updated to blend modern conveniences with vintage charm, this home was featured in a 2022 Herald Tribune article as A Sweet Spot on Longboat. The homeowners retained the original terrazzo floors and distinctive jalousie and awning windows, preserving its unique character. The living room and kitchen feature elevated ceilings reaching 14 feet at cathedral peak, enhancing the sense of space. Modern drop lighting accents the kitchen. The original owners, inspired by their time in Brisbane, Australia, infused the home with unique design elements, including a vibrant orange exterior. The open-flow layout between living room and kitchen maximizes convenience, creating a comfortable and relaxed living experience. Light-filled rooms contribute to a bright and uplifting atmosphere. Additional spaces include a generous den, a bonus room and an office, offering versatility for various needs. The outdoor deck is ideal for entertaining or unwinding, surrounded by lush tropical landscaping that adds beauty and tranquility. Following storm damage during the 2024 hurricane season, this property now presents an incredible opportunity to reimagine its full potential. Some interior photos show the home prior to the storm and others reflect the remediated condition. The exterior photos of the yard, which include the pool and spa, are current after the storm. The desirable gulf-to-bay access, ideal for beachcombing, boating, kayaking and paddleboarding, as well as the nearby renowned waterfront dining and shops, provide the ideal gateway to the ultimate Florida lifestyle.

Details

Property type

Single Family Residence

Est. home value

$1,489,952

Property condition

Fixer

Lot size

0.27 acres

Price per sq ft

$618

Year built

1957

Annual property taxes

$16,923

HOA

No

Price History

01/25/2025
StellarMLS

StellarMLS #A4636733

Listed
$1,150,000
-17.86%
03/25/2022
StellarMLS

StellarMLS #A4520114

Sold
$1,400,000

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

-$131,666
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$1,189,666
Cash to seller
-$131,666

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

March 2022

Original loan amount

$1,259,859

Est. remaining balance

$1,189,666

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Neil Richard Edwards and Trudy Armstrong

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: 02/02/2025 at 4:55 AM

Listing updated: 01/31/2025 at 9:06 AM

Listed by: Cindy Fischer, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 383-2500

MLS: StellarMLS #A4636733

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