Longboat Key, Florida | January 23rd, 2018 – There are only a handful of sales-listed single family residences which are either newly built or pre-construction in Longboat Key, and one of these incidentally is the Judy Kepecz-Hays team’s four-bedroom listing at Reclinata Drive at the northern end of town.
A dozen new builds, however, are coming soon in this locality encompassing the historic Longbeach Village wherein existing residences could gain favor in terms of exposure to prospective buyers.
These 12 residences for construction were granted final approval this January by the town’s authorities for a single-family housing project set on the former campus of the Longboat Key Center for the Arts. The project’s developer, Jim Clabaugh of Elevation Development Partners, has decided to name this community as The Preserve which will occupy the former art center’s 2.3 acres of land on the block of 6860 Longboat Drive South.
Model Coming Up
Clabaugh, who’s also the developer of the Tangerine Bay Club and Lighthouse Pointe, sees completion of the first home model at the Preserve within the next six months. This initial build shall feature three bedrooms and three-and-a-half bathrooms. The developer is still charting the construction timeline for the other 11 Preserve residences, the designs of which are customizable to meet a buyer’s specifications.
The lots for each of the 12 properties in the 2.3-acre parcel will be platted at 7,000 square feet and 7,600 square feet. The floor plans for the residences will range between 2,200 square feet and 2,600 square feet. Price quotes for the lots start at $350,000, while the starting prices for the new houses are set at $1.15 million.
Unique Rustic Charm
Comparable million-dollar Longboat Key sales listings to these planned residences include the Reclinata house we’ve listed for $1.495 million. Located just about a quarter mile south of the planned Preserve housing project, our listing shares the rustic charm of Longbeach Village. It is one of the larger choices in this area, with its floor plan of 3,060 square feet designed with four bedrooms and three baths.
Also simply called by locals as the Village, the Longbeach community draws prospective buyers because of its rustic vibe which contrasts sharply with the resort ambiance of the high-rise condominiums on the southern end of Longboat Key.
One of the points of interest in Longbeach Village, which also help drive market interest in its residences, old or new, is the popular Mar Vista Dockside Restaurant. It stands on the town’s original dock which was built in 1912 and rebuilt in the 1920s after a strong hurricane destroyed it. The Mar Vista itself has notably undergone a major makeover recently. A large waterfront restaurant is coming soon too in the Village—The Shore which took over the site of the iconic homegrown restaurant Moore’s Stone Crab.
Northern Gateway Mulled
In the coming years, valuations of residential properties could also be potentially enhanced by the town’s plans to create a northern gateway to Longboat Key. These efforts, among other things, call for revitalizing a 10-acre area skirting Longbeach Village, surely a move that could significantly impact upon values of local properties.
Take advantage of our many other insights on the real estate market not only in Longboat Key but also in the mainland at Sarasota and Manatee counties. Contact us whether you intend to sell or buy a residence in our market territory. With our extensive network and sound market expertise, you can look forward to a rewarding deal either as a buyer or a seller.