$1,499,000
721 Binnacle Point Drive
Longboat Key, FL 34228
Listing updated: June 16, 2026 at 10:07 AM ET
Listing courtesy of Kincaid Realty · James Frost · MLS #NS1083714 · Active · 386-428-7800Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
PREMIER LOCATION in Emerald Harbor -- Located on the apex of the widest canal on Longboat Key, 721 Binnacle Point Drive is ready for a new owner with a new vision! The property has 96' of canal frontage with BRAND NEW Sea Wall (2024), 120' of street frontage, with just over 18,800 Square Feet upon which to build your dream home. Build new and enjoy long views east and west down the canal and the beautiful northern light exposure. Emerald Harbor is one of Longboat Key's best neighborhoods - don't miss this opportunity to create your vision! There is a working, permitted sprinkler well on property. Private, deeded beach access for Emerald Harbor residents is just over 1100 feet away.
Local Insight
At $1.5M for a 0.43-acre vacant lot in AE flood zone, you're paying premium Longboat Key waterfront pricing with significant build costs ahead—factor in flood insurance, elevation requirements, and potential mitigation expenses before the actual construction begins. The Emerald Harbor location offers water access and that coveted barrier island address, but the real question is whether this cleared lot appreciates faster than the completed homes around it, or if you're better off buying an existing estate where someone else absorbed those development risks and costs.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history425 days on market
- Status: ActiveFeb 13, 2026
- Listed$2,225,000Jan 29, 2025
- Price reduced$1,499,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 425
- Subdivision
- Emerald Harbor
- County
- Manatee
- Price/sq ft
- $80
- Lot size
- 18,809 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12081C0291F)
- Annual taxes
- $6,896 (2024)
- Parcel #
- 7890400000
- Zoning
- R4SF
- MLS #
- NS1083714
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Interior Details
- Direction faces
- South
HOA & Financial
- HOA fee
- $600 / Annually
- Monthly HOA
- $50/mo
- Total monthly fees
- $50/mo
- Total annual fees
- $600
- HOA name
- HOA manager
- Ownership
- Fee Simple
Exterior & Construction
- Waterfront
- Yes
- Water access
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public, Well
- Utilities
- BB/HS Internet Available, Cable Available, Electrical Nearby, Natural Gas Available, Public, Sewer Available, Sewer Connected, Sprinkler Well, Telephone Nearby, Underground Utilities, Water Available
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2025-01-29
- On market date
- 2025-01-29
- Original list price
- $2,225,000
- MLS area
- 34228 - Longboat Key
- Listing AOR
- New Smyrna Beach Board of Realtors
- Status changed
- 2026-02-13
- Tax legal description
- LOT 99 EMERALD HARBOR UNIT 2 ALSO IN SEC 24 35 16 PI#78904.0000/0
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Follow Gulf Of Mexico Drive from North or South to the 5000 block. Emerald Harbor subdivision is located across the street from the Gulf, in the 5400-5800 Block.
More homes like this
$500,000
6338 Beechwood Ave
Sarasota, FL 34231
3 bd · 2 ba · 1,506 sqft
Emerald Harbor
MLS ID #A4685783, COLDWELL BANKER REALTY.
Listing provided by Stellar MLS
$1,499,000
721 Binnacle Point Dr
Longboat Key, FL 34228
3 bd · 3 ba · 3,229 sqft
Emerald Harbor
MLS ID #NS1083611, KINCAID REALTY.
Listing provided by Stellar MLS
$1,795,000
741 Old Compass Rd
Longboat Key, FL 34228
0.36 acres
Emerald Harbor
MLS ID #A4689309, MICHAEL SAUNDERS & COMPANY.
Listing provided by Stellar MLS
$1,795,000
741 Old Compass Rd
Longboat Key, FL 34228
3 bd · 3 ba · 2,173 sqft
Emerald Harbor
MLS ID #A4684578, MICHAEL SAUNDERS & COMPANY.
Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 16, 2026 at 10:07 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA