tomo logo

$1,750,000

Beds
4
Baths
3.0
sq ft
2,586

740 Old Compass Rd, Longboat Key, FL 34228

740 Old Compass Rd

LONGBOAT KEY, FL 34228

  • 63 days on market
    • Price drop $150,000↓
One or more photo(s) has been virtually staged. Unique opportunity to renovate (or build) in Emerald Harbor - one of Longboat Key's most sought-after neighborhoods; one of the few single family home communities that includes private beach access. Located on the widest canal on the Key (150ft), this 155ft x 100ft lot offers limitless possibilities. The existing structure was flooded during hurricane Helene, but has been professionally remediated and is ready for renovation. The 2,586ft 4BR home has an open floor plan, large pool/outdoor entertainment area and oversized garage. Call to arrange showing.

Details

Property type

Single Family Residence

Est. home value

$1,911,254

Lot size

0.36 acres

Price per sq ft

$677

Year built

1971

Annual property taxes

$11,204

Monthly HOA fee

$62.5

Price History

02/18/2025
StellarMLS

StellarMLS #A4636920

Price change
$1,750,000
-7.89%
01/27/2025
StellarMLS

StellarMLS #A4636920

Listed
$1,900,000
+123.53%
04/23/2010
StellarMLS

StellarMLS #A3921176

Sold
$850,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

W.D. Sugg Middle

High school: 

Bayshore High

Seller’s Loan History

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

Lender

Bank Of America Na

Loan start date

January 2002

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

7.09%

Loan type

New Conventional

Seller

Dudley C Barrow

Lender

Nationsbanc Mtg Corp

Loan start date

November 1995

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

7.57%

Loan type

Not Provided

Seller

Dudley C Barrow

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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StellarMLS
$1,995,000
4 bd
|
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|
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5830 Gulf of Mexico Dr, Longboat Key, FL 34228

Status: Active

Tomo last checked: 03/31/2025 at 5:55 PM

Listing updated: 02/19/2025 at 1:39 PM

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

MLS: StellarMLS #A4636920

StellarMLS logo

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