$1,282,500
$68K PRICE DROP

501 de Narvaez Dr Longboat Key, FL 34228

Estimated payment $8,078/month

Total Views 2,385
3 Beds
2.5 Baths
1,708 Sq Ft
$751 Price per Sq Ft

Highlights

  • 100 Feet of Intracoastal Waterfront
  • Fishing Pier
  • Screened Pool
  • Anna Maria Elementary School Rated A-
  • Intracoastal View
  • Open Floorplan

About This Home

Some homes whisper. Others make a statement. 501 De Narvaez Drive commands attention—with bold architecture, elegant updates, and a prime waterfront location that elevates the Florida lifestyle into something exceptional. Nestled on a quiet corner lot in the coveted Sleepy Lagoon Park neighborhood, this home is your gateway to prestige, privacy, and the purest form of coastal living.

Spanning 1,708 square feet of refined single-story living, this 3-bedroom, 2.5-bath residence is a masterclass in modern comfort and timeless materials. Designed with block construction and finished in stucco with a durable metal roof, the home is as solid as it is stylish. Inside, terrazzo flooring sweeps across the entire home, providing a sleek and enduring foundation underfoot.

Enter into a light-drenched open floor plan, where the layout has been carefully crafted for entertaining, lounging, and effortless day-to-day living. The living room flows into a dining space and gourmet kitchen—outfitted with stone counters, solid surface tops, a spacious island, and stainless steel appliances including a convection oven and cooktop. Whether you’re entertaining guests or enjoying a peaceful morning coffee, every room connects you to the water and the outdoors.

The primary suite is an owner’s haven, complete with a walk-in closet and full bath featuring a tub/shower combination. Two additional bedrooms—each with walk-in closets—offer comfort, functionality, and flexibility. A second full bath, half bath, and spacious laundry area provide all the elements of ease and convenience.

But what truly defines this home is what lies beyond the doors. A private, heated pool, enclosed within a screened lanai, becomes your year-round sanctuary. The oversized covered deck is perfect for afternoon shade or sunset cocktails. And then there’s the water: with direct canal access to the Intracoastal Waterway, this home is a dream for boaters. The 2022 composite dock and concrete seawall are in pristine condition and ready for your vessel.

No HOA means you can live your way, and with 1-month minimum leases allowed (rental license required), this property also offers incredible short- or long-term rental potential. Add in a two-car garage, central air, electric heat, public water/sewer, and fiber optic internet, and you have every modern amenity at your fingertips.

This is more than just a home—it’s a statement of lifestyle. A bold, beautiful, and rare opportunity to own in one of Longboat Key’s most established and beloved communities, just moments from world-class beaches, golf, fine dining, and everything the Sarasota area has to offer.

For the visionary buyer who seeks distinction, privacy, and water access—501 De Narvaez is where your story begins.

Listing Agent

Tanner Tillung

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3373651 Listed on: 07/22/2025

EXP REALTY LLC

Co-Listing Agent

Terry Tillung

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #645113

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,238

Year Built

  • Built in 1972

Lot Details

  • 10,202 Sq Ft Lot
  • Lot Dimensions are 102 x 100
  • 100 Feet of Intracoastal Waterfront
  • Property fronts a saltwater canal
  • South Facing Home
  • Corner Lot
  • Property is zoned R4SF

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking

Property Views

  • Intracoastal
  • Canal

Home Design

  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,708 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Terrazzo Flooring
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Cooktop
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool
  • Pool Deck

Outdoor Features

  • Fishing Pier
  • Access to Saltwater Canal
  • Seawall
  • No Wake Zone
  • Dock made with Composite Material
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Fiber Optics Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sleepy Lagoon Community
  • Sleepy Lagoon Park Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,238

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1708
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 1708
  • Lot Size Sq Ft: 10202
  • Directions to Property: At the corner of De Narvaez & GMD.
  • Status: Active
  • Co List Office Mls Id: MFR261010944
  • Co List Office Phone: 888-883-8509
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: TAMPA
  • Escrow Postal Code: 33607
  • Escrow State: FL
  • Escrow Street Name: 3001 N. Rocky Point Dr. E
  • Floor Number: 1
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 750.88
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • AG Exemption YN: 0
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite
  • MFR_DockYN: 1
  • Attribution Contact: 888-883-8509
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Street Number Modifier: 501
  • Additional Rooms: Great Room,Inside Utility,Storage Rooms
  • Living Area Meters: 158.68
  • Room Count: 8

Exterior Features

  • Direction Faces: South
  • Pool Features: Deck, Gunite, Heated, In Ground, Screen Enclosure
  • Exterior Features: Sliding Doors
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: MILLAR BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Enclosed, Screened
  • Road Surface Type: Paved
  • Water Access: Canal - Saltwater
  • Water Extras: Fishing Pier,No Wake Zone,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Water Frontage Feet ICW: 100

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Electric Dryer Hookup, In Garage, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Fire Alarm, Secured Garage/Parking
  • Senior Community: No
  • Association 2 YN: 0
  • Pet Restrictions: Buyer to verify with City/County prior to end of inspection period.
  • Condo Land Included YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7855500000
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Dimensions: 102 x 100
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 948
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: License approval required by city. Buyer to verify with City/County prior to end of inspection period.
  • Month To Month Or Weekly YN: 0

Tax Info

  • Tax Annual Amount: 13238
  • Tax Block: 003
  • Tax Book Number: 7-83
  • Tax Lot: 21

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Please check with City/County for any Approval Process.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,238 $852,169 $442,000 $410,169
2024 $13,238 $896,907 $442,000 $454,907
2023 $13,061 $923,193 $442,000 $481,193
2022 $10,861 $657,055 $350,000 $307,055
2021 $7,911 $466,182 $260,000 $206,182
2020 $7,764 $432,736 $250,000 $182,736
2019 $7,157 $432,309 $0 $0
2018 $7,108 $424,248 $0 $0
2017 $6,274 $415,522 $0 $0
2016 $6,312 $409,435 $0 $0
2015 $6,231 $405,295 $0 $0
2014 $6,231 $380,512 $0 $0
2013 $5,521 $330,880 $201,650 $129,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $1,282,500 -5.0% $751 / Sq Ft
07/22/2025 07/22/25 For Sale $1,350,000 +121.3% $790 / Sq Ft
06/28/2021 06/28/21 Off Market $610,000 -- --
03/29/2021 03/29/21 Sold $610,000 0.0% $358 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $609,900 -- $358 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $610,000 Properties Title Llc
Trustee Deed $335,500 Attorney
Warranty Deed $275,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $80,000 Stand Alone Second
Previous Owner $440,000 Unknown
Previous Owner $100,581 New Conventional
Previous Owner $272,000 New Conventional
Previous Owner $247,470 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: TB8398888

Stellar MLS

APN: 78555-0000-0