Listing Details for MLS #A4586591
641 Saint Judes Drive, Longboat Key, Fl

Residential Property - Single Family Residence in Longboat Key

SOLD for $960,000 on March 29, 2024

Listing Price: $995,000Sold Price: $960,000Sold Price/List Price: 96%Days on Market: 85

Description of Property

A remarkable opportunity awaits you on stunning Longboat Key, Florida. The Rare Multi-Residence Beach House.This beautifully fully renovated residence offers two bedrooms and two bathrooms, along with an adjoining one-bedroom, one-bath apartment. This rare and unique property empowers you with various possibilities. Whether you seek a full-time residence, a winter retreat, an investment property, or a vacation rental, this is your chance. The property already boasts fantastic rental income, with promising projections to share. You can choose to stay in the two-bedroom main residence and rent out the one-bedroom apartment, or vice versa. Fully updated inside and out, it features a newer roof, hi-impact windows/sliders, new plumbing, and AC units. Interior renovations include flooring, kitchens, bathrooms, countertops, light fixtures, and vanities amongst other improvements. The spacious outdoor living area, complete with a generously sized covered patio (appx 450sf), offers a picturesque view of lush tropical foliage and a glimpse of the canal. It provides an ideal setting for enjoying island-inspired dining and unwinding in style. This location is truly unbeatable, steps away from renowned dining at Euphemia Haye and Harry’s Continental Kitchen. You’ll also have exclusive access to Joan Durante Park, a 32-acre natural oasis on Sarasota Bay, as secret access is just a few steps away. In the park, you'll discover nature trails, fishing locations, a kayak launch, playgrounds, benches, and a spacious covered gazebo, perfect for hosting gatherings and events. Additionally, community beach access across the Gulf of Mexico Drive provides enjoyment on the beautiful white sands of the Gulf of Mexico. For fitness and tennis enthusiasts, Cedars Fitness and Tennis Resort, offering Social, Gym, Pool, and Tennis memberships, is just a block away. The walkability and convenience of this property are unmatched. Don’t miss out on this rare and unique opportunity to own two residences for the price of one, providing you with options, flexibility, and power. Come and see for yourself; you won’t be disappointed. The property already boasts fantastic rental income, with promising projections to share. (Over $72k projected in net income by local island rental management co.)The average asking price for a 3 bedroom/3 bath single family residence in this Zip code is $2,968,217. This single family residence is listed at about 34% of the average asking price. This is the only 3 bedroom/3 bath single family residence between $800,000 and $1,200,000 currently listed for sale in this Zip code.