$1,680,000
$115K PRICE DROP

721 Old Compass Rd Longboat Key, FL 34228

Estimated payment $9,953/month

Total Views 3,547
0.35 Acre
$4,800,000 Price per Acre
15,246 Sq Ft Lot

Highlights

  • Community Beach Access
  • Access To Intracoastal Waterway
  • Private Lot
  • Anna Maria Elementary School Rated A-
  • Intracoastal View
  • Landscaped

About This Lot

Take advantage of this great opportunity to build your dream home on an oversized waterfront lot in Emerald Harbor, a premier neighborhood on the north-end of Longboat Key with deeded beach access. This valuable lot is over 15,000 SF with approximately 100’ of waterfront and is located on a wide canal with deep sailboat water and views and direct access to Sarasota Bay. The home was flooded for the first time during Hurricane Helene and has been professionally remediated.

Listing Agent

Julie Klick

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3103707 Listed on: 01/30/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Beverly St Hilaire

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3231988

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,022

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 98x155
  • Property fronts a saltwater canal
  • Landscaped
  • Private Lot
  • Property is zoned R4SF

HOA Fees

  • $63 Monthly HOA Fees

Property Views

  • Intracoastal
  • Canal

Location

  • In Flood Plain

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number 7887700008

Community Details

Overview

  • Emerald Harbor HOA
  • Emerald Harbor Community
  • Emerald Harbor Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Beach Access
  • Access To Intracoastal Waterway
  • Sailboat Water Access
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$7,022

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15189
  • Directions to Property: From St. Armand's, go north on Gulf of Mexico Drive on LBK around 9 miles to Emerald Harbor entrance on the right (Binnacle Point Drive). Take the first left onto Emerald Harbor Drive take the first right onto Old Compass Drive and go to 721 Old Compass Drive on your left.
  • Status: Active
  • Co List Office Mls Id: MFR281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 110.61
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • AG Exemption YN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Canal Front,Gulf/Ocean Front,Intracoastal Waterway,Waterfront
  • Attribution Contact: 941-388-4447
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 721

Exterior Features

  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Beach - Access Deeded,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: Deep sailboat water on wide canal leading out to intercoastal waterway.
  • Price Per Acre: 4800000

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach Area, Deed Restrictions, Waterfront Complex
  • Association Fee: 750
  • Association Fee Frequency: Annually
  • Association Name: Emerald Harbor HOA
  • Association: Yes
  • Association 2 YN: 0
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 750.00
  • Total Monthly Fees: 62.50
  • Monthly HOA Amount: 62.50

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7887700008
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Flood Plain/Bottom Land, Landscaped, Room For Pool, Private
  • Lot Dimensions: 98x155
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1411
  • Current Adjacent Use: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 7022.26
  • Tax Book Number: 12-41
  • Tax Lot: 73

Multi Family

  • Waterfront Features: Canal - Saltwater, Canal Front

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
2024 $7,022 $469,764 -- --
2023 $6,966 $456,082 $0 $0
2022 $6,832 $442,798 $0 $0
2021 $6,631 $429,901 $0 $0
2020 $6,869 $423,965 $0 $0
2019 $6,751 $414,433 $0 $0
2018 $6,704 $406,706 $0 $0
2017 $5,677 $384,962 $0 $0
2016 $5,674 $377,044 $0 $0
2015 $5,580 $374,423 $0 $0
2014 $5,580 $371,451 $0 $0
2013 $5,462 $365,962 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Price Changed $1,680,000 0.0% --
04/30/2025 04/30/25 Price Changed $1,680,000 -1.1% $743 / Sq Ft
03/11/2025 03/11/25 Price Changed $1,699,000 0.0% --
03/11/2025 03/11/25 Price Changed $1,699,000 -5.3% $751 / Sq Ft
01/30/2025 01/30/25 For Sale $1,795,000 0.0% --
01/29/2025 01/29/25 For Sale $1,795,000 -- $794 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 --
Source: Public Records

Source: Stellar MLS

MLS Number: A4638425

Stellar MLS

APN: 78877-0000-8