Ownership of a residence with a strong income-generating potential is one tempting offer of Inn On The Beach to prospective buyers of Longboat Key homes for sale. This commuinity lays out this proposition in an ownership rental program, the backbone of the hotel guest accommodations of the posh Resort at Longboat Key Club.
Participation in this program is optional though, and owners can keep their residence just for their exclusive use. Virtually, those who decide to put their residence into the rental scheme are investors who stand to profit from the steady flow of guests to this popular, five-star resort hotel. Its management takes care of booking and providing the resident owners’ tenants with all the amenities available in the hotel. Those owners who opt for this fractional ownership program are given a couple of weeks, twice each year, to take their residence out of the rental pool and have it for their personal use.
There is a wide choice of Inn On The Beach residences for sale as this property consists of over 220 homes. These residences are situated in a community of seven buildings at 200‒250 Sands Point Road located on the prime south end of Longboat Key. The community was developed in several phases from 1981 to 1983 with four of its buildings constructed directly gulf front.
Choice residences for sale at Inn on the Beach, basking in their superior builds, all afford enchanting panoramic vistas. The prime residences are those which provide gulf-to-bay views as well as the inspiring sceneries of the resort’s golf course.
Select Inn On The Beach residences participating in the owners’ rental program can generate gross income of over $100,000 annually. These residences are typically those having floor plans around the 1,300-square-foot range designed with two bedrooms and two baths. Expect price quotes over $1 million for these residences in listings on Longboat Key residences for sale.
The price points ease down between the $300s and the $600s for Inn On The Beach residences for sale with one bedroom and one bath within floor areas ranging from 540 to 657 square feet.
Resident owners who chose to participate in the rental program enjoy access to the various resort amenities during their allocated two-week (two times per year) use of the residence. These facilities include world-class golf links, tennis courts, a full-service marina, diverse dining venues, and beach-based recreational facilities.
All owners, rental program participant or not, can avail of concierge, maid, and staff services. Those out of the rental program can access some resort amenities like the pool and private beach. The non-program residence owners can still enjoy other resort facilities through the purchase of a Longboat Key Club membership.
You are only one minute away from one of the most perfect beaches in the state, and some of the best amenities are found here.