Longboat Key, Florida | September 25th, 2018 – There are currently just six brand new houses in the MLS of Longboat Key residential properties for sale, one of which incidentally is the Judy Kepecz-Hays team’s sales listing at Reclinata Drive. However, the number of new builds locally available is set to more than double, as two property developments has taken off recently at the historic Longbeach Village in the north end of town.
These two neighborhoods in the making are located just a block apart in the southern edge of the Village. One of these developments, the Preserve at Longbeach, sits on the former site Longboat Key Center for the Arts at the southeast corner of Hibiscus Way and Longboat Drive South.
Model under Construction
A longtime local builder, Jim Clabaugh, is developing the triangular 2.3-acre site of the Preserve at Longbeach. This community is platted for just 12 lots with picturesque island views and each site measuring between 7,000 and 8,000 square feet.
A house model in this community is already sales-listed on the Longboat Key real estate market. This sales listing on 6840 Longboat Drive is designed with three bedrooms, three baths and a half-bath within a floor area of 2,904 square feet.
This residence notably matches the Coastal Contemporary style and the square footage of our team’s Reclinata listing, which has a floor plan of 3,070 square feet good for four bedrooms, three baths and a half-bath. Price-wise, both sales listings are positioned in the luxury market segment at price quotes within the ballpark of $1.5 million.
The developer of the Preserve at Longbeach is fielding a variety of floor-plan designs in this project. The residences are being offered to include designer finishes, private elevators and swimming pools. To entice boat-loving house buyers, the garages of residences at the Preserve are set large enough to accommodate two cars and a boat. Leaseback options are available too for the model houses in this community.
Banyan Beach Neighborhood
The other new Longbeach neighborhood is Banyan Beach, which is a project of Anna Maria Island-based Mason Martin Builders. Its site spreads west of Longboat Drive South, only a block north of the Preserve at Longbeach.
This Mason Martin project is set for just seven residences with their orientation providing unobstructed views of a native Florida tropical landscape and marvelous sunsets. Designed with privacy, spaciousness and outdoor living as part of their theme. The Banyan Beach house builds are designed with over 2,000 square feet of floor space, large decks and backyard pools to capture that coveted coastal Florida lifestyle.
Prior to this project and the Preserve at Longbeach, Conrad Beach was the last neighborhood of single-family residences that was developed in Longboat Key. Located west of Gulf of Mexico Drive, the Conrad Beach neighborhood was established in 2000. This community consists of 27 houses in the quadrant bordered by Firehouse Road, Broadway Street and Firehouse Court. There is a new build here currently sales-listed at $1.35 million, featuring three bedrooms, three baths and a half-bath within a floor area 2.610 square feet.
These new construction on the market are part of the many factors that could affect valuations of Longboat Key residential properties. Check with our team if you’re selling or buying in our town. We sure can help you to assess comparables in the market and help ensure that you bag a deal just at the right price.