$900,000
578 - 580 Companion Way
Longboat Key, FL 34228
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Massive Price Reduction - Rare Opportunity to Own Your Slice of Beach Paradise! Live the ultimate coastal lifestyle with sun, sand, and breathtaking surroundings at an exceptional value.. Stunning curb appeal duplex located in the highly desirable Longboat Key featuring two separate addresses, 578 Companion Way and 580 Companion Way. This bright and welcoming coastal retreat offers an elegant and comfortable living environment where refreshing sea air and natural sunlight fill the interior through expansive windows. The property features two separate units including one 2 bedroom 2 bathroom unit and one 2 bedroom 1 bathroom unit. Offered fully furnished and showcasing high quality updates throughout, the property includes a new roof, new AC systems, new water heaters, and all new appliances completed in 2025, delivering modern luxury and peace of mind. Residents may enjoy access to Cedars East resort style amenities including pool, fitness center, and tennis courts with a small optional membership fee. Ideally positioned just steps from the pristine, wide, and uncrowded Gulf beaches, this property provides the ultimate Longboat Key lifestyle. Conveniently located near world class dining and shopping at St Armands Circle, vibrant downtown Sarasota, championship golf courses, marinas, cultural attractions, and everything Sarasota has to offer. Vacation rentals are permitted, creating an outstanding opportunity for investors, seasonal residents, or families seeking to live in one unit while generating additional rental income from the second unit.
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 history85 days on market
- Status: ActiveFeb 12, 2026
- Listed$1,100,000Feb 11, 2026
- Price reduced$900,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 85
- Subdivision
- Longboat Key
- County
- Manatee
- Year built
- 1963
- Living area
- 1,792 sq ft
- Price/sq ft
- $502
- Building area
- 2,432 sq ft (Public Records)
- Lot size
- 8,398 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12081C0291F)
- Annual taxes
- $11,672 (2025)
- Parcel #
- 7930400002
- Zoning
- R4SF
- MLS #
- A4682264
Interior Details
- Bedrooms
- 4
- Flooring
- Luxury Vinyl
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Window Treatments
- Laundry
- Inside
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Driveway, Off Street
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Rentals allowed according to the Longboat Key Town Code
Exterior & Construction
- Exterior features
- Garden, Outdoor Grill, Private Mailbox, Storage
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Water access
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2026-02-11
- On market date
- 2026-02-11
- Original list price
- $1,100,000
- Occupant type
- Vacant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-02-12
- Tax legal description
- BEG AT THE INTERSEC OF THE ELY LN OF JOHN RIGNLING PARKWAY (100 FT WIDE) WITH THE NLY LN OF LOT 3 OF A SUB OF FRACTIONAL SECTIONS 25,26 AND PART OF SEC 24, PB 7 P 16; TH N 50 DEG 00 SEC E ALG THE NLY LN OF SD LOT 3, 420 FT FOR A POB; TH CONT N 50 DEG 00 SEC E, 105 FT; TH S 40 DEG 48 MIN E, 100 FT TO THE SLY LN OF SD LOT 3; TH S 50 DEG 00 SEC W, 105 FT; TH N 40 DEG
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
From US 41 turn west onto John Ringling Causeway and proceed toward St Armands Circle. At the circle, follow signs to Gulf of Mexico Drive and continue north for approximately 7 miles. Turn right onto Companion Way. Property located on the right at 578 to 580 Companion Way.
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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 May 7, 2026 at 10:44 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.
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