Last Sold Price
4 beds4 baths1,800 sqft$653/sqft
701 Gulf Bay Rd, Unit 1&2, Longboat Key, FL 34228

Description

Rare opportunity to invest in a recently renovated turn-key duplex on Longboat Key, featuring two identically sized 900 square foot, 2 bedroom, 1.5 bath units on on 9000 square foot lot. Located at the end of a tranquil street, adjacent to the lush and shaded walking paths of Joan M. Durante park. This mid-island property comes with deeded easements to both Sarasota Bay and the Gulf of Mexico beach. This hidden gem is a proven income producer and will appeal the nature lovers. Renovations starting...Rare opportunity to invest in a recently renovated turn-key duplex on Longboat Key, featuring two identically sized 900 square foot, 2 bedroom, 1.5 bath units on on 9000 square foot lot. Located at the end of a tranquil street, adjacent to the lush and shaded walking paths of Joan M. Durante park. This mid-island property comes with deeded easements to both Sarasota Bay and the Gulf of Mexico beach. This hidden gem is a proven income producer and will appeal the nature lovers. Renovations starting in 2020 include a new roof, all new premium vinyl high-velocity impact resistant windows, all new ducting, updated separate electrical service boxes, and a brand new air conditioning in unit 2. Each unit has been freshly painted inside and out and professionally decorated.
LISTING CLOSED: 10/14/2022 12:00 AM

  1. Listed by Beth Gillingham • Brokerage DRE #1025561 • SHIRLEY INTERNATIONAL REALTY
    P: (410) 562-4992 C: (410) 562-4992 bgillingham@verizon.net

Property Details for 701 Gulf Bay Road, Unit 1&2

Status
MLS #
A4542482
Days on Market
34
Taxes
$6,722 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1968
Lot Size
0.21 AC / 8,999 SF
Subdivision Name
BAILEY-DOBSON
Township
35S
View
Garden
Waterfront
No
Furnished
Turnkey

Recent comparable sales

Median sold price

$1,400,000

Avg days on market

103

Sale-to-list ratio

88.5%

Longboat Key, FL

9 comparable properties found

$1,005,000 | 5055 Gulf Of Mexico Drive, Unit 426, Longboat Key, FL 34228
1/2
1

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3
Bedrooms
1,632
Square Feet
Unavailable
Acres
$2,275,000 | 725 Penfield Street, Longboat Key, FL 34228
1/2
2

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Sold 03/13/26

4
Bedrooms
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Square Feet
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Acres
$1,200,000 | 714 Norton Street, Longboat Key, FL 34228
1/2
3

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Sold 12/06/24

3
Bedrooms
1,800
Square Feet
0.23
Acres
an aerial view of a house with a ocean view
1/2
4

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Sold 10/28/25

3
Bedrooms
1,508
Square Feet
0.25
Acres
$3,300,000 | 4473 Gulf Of Mexico Drive, Longboat Key, FL 34228
1/2
5

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4
Bedrooms
2,943
Square Feet
Unavailable
Acres
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6

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Sold 06/11/25

4
Bedrooms
2,586
Square Feet
0.36
Acres
$1,400,000 | 3605 Fair Oaks Place, Longboat Key, FL 34228
1/2
7

$1,400,000

Sold 01/30/25

4
Bedrooms
3,713
Square Feet
0.25
Acres
8

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Sold 07/31/25

4
Bedrooms
4
Bathrooms
4,820
Square Feet
0.74
Acres
a view of a garden with a bench
1/2
9

$1,850,000

Sold 10/03/25

3
Bedrooms
1,880
Square Feet
0.31
Acres

Location

Listing Courtesy of SHIRLEY INTERNATIONAL REALTY, Beth Gillingham

Sold By HARTMAN REAL ESTATE & COMPANY, Zain Hartman

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Building Information for 701 Gulf Bay Road, Unit 1&2

Stories-Residences1Year Built1968Building Size-Lot Size0.21 AC / 8,999 SF

Payment Calculator

$6,533 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,972

Property Taxes

$560

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 701 Gulf Bay Road, Unit 1&2

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From Bradenton: take State Hwy 684/Cortez onto Anna Maria Island, then left on Gulf Drive. Continue over bridge onto Longboat Key, then left on Gulf Bay Road (just past Euphemia Haye restaurant), then to end of street on left. From Sarasoate: take John Ringling causeway over bridge onto Lido Key, then first exit at St. Armands Circle onto N. Blvd of the Presidents. Follow onto Longboat Key and take Gulf Drive to a right turn at Gulf Bay Road (about 8 miles, just before Euphemia Haye resaturant). Then all the way to the end on left.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Road Frontage Type: Street Dead-End, Street Paved
  • Senior Community: No
  • SW Subdiv Community Name: Bailey-Dobson
  • Unit Number: No
  • Street Number: 701
  • Street Name: GULF BAY
  • Street Suffix: ROAD
  • Unit Number: 1&2
  • State: FL
  • City: LONGBOAT KEY
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Covered, Driveway, Off Street
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Book Number: 9-51
  • Tax Legal Description: LOT 11 BAILEY DOBSON SUB, AS PER PLAT THEREOF REC IN PB 9 P 51 & LYING & BEING IN SEC 25 TWN 35 RNG 16; ALSO AN UND 1/12TH INT IN & TO THE WLY 5 FT OF LOT 19 BAILEY DOBSON SUB, AFORESAID, AS PER PLAT REC IN PB 9 P 51; ALSO TOGETHER WITH & SUBJ TO EAS MT TO THE GULF OF MEXICO & SARASOTA BAY, AS SET FORTH IN DB 276 PGS 309 & 310 & IN DB 287 PGS 473 & 475
  • Tax Lot: 11
  • Tax Year: 2021
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Additional Water Information: Deeded easement to Gulf of Mexico and Sarasota Bay
  • Lot Features: Flood Insurance Required, FloodZone, Level, Street Dead-End
  • Lot Size Dimensions: 100 x 90
  • Parcel Number: 7987000002
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: Bay/Harbor, Beach, Gulf/Ocean
  • Water Access: Yes
  • Water Extras: No
  • Zoning: R4SF
  • Living Area: 1800
  • Lot Dimensions: 100 x 90
Property and Assessments
  • Year Built Numeric: 1968
  • Flood Zone Code: AE
  • New Construction: No
  • Public Survey Range: 16E
  • Public Survey Section: 25
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Outdoor Grill, Outdoor Shower
  • Foundation Details: Slab
  • Levels: One
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Appliances: Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl
  • Heating: Electric
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters, Thermostat, Window Treatments
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Double Pane Windows, Storm Window(s), Insulated Windows, Low-Emissivity Windows, Shades
Multi Family
Multi-Family Information
  • Annual Net Income: $77,000.00
  • Unit Count: 2
Rental
Rental Information
  • Minimum Lease Period: 0

Property History for 701 Gulf Bay Road, Unit 1&2

DateEvent & SourcePriceAppreciation
Oct 14, 2022

Sold

MFRMLS #A4542482

$1,175,000
Sep 1, 2022

Pending

MFRMLS #A4542482

Jul 28, 2022

Listed (Active)

MFRMLS #A4542482

$1,295,000
DateEvent & SourcePrice
10/14/2022

Sold

MFRMLS #A4542482

$1,175,000
09/01/2022

Pending

MFRMLS #A4542482

07/28/2022

Listed (Active)

MFRMLS #A4542482

$1,295,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 701 Gulf Bay Road, Unit 1&2

This home is within Manatee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Charter - 6 to 12
Rating
School
Distance
Anna Maria Elementary School
PublicPK to 5

Martha B. King Middle School
Public6 to 8

Bayshore High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of SHIRLEY INTERNATIONAL REALTY, Beth Gillingham

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.