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    Harbour Oaks Villa in Bay Isles Title is generated by Realmo AI

    2203 HARBOURSIDE DRIVE, Longboat Key, FL 34228

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    For Sale
    $750,000

    Pristine villa in gated community with beach access.

    Type:Condo/Townhome
    Property size:
    2,352 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $318/SF
    Added:
    Mar 23, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 5 at 11:30 pm

    Property Features for 2203 HARBOURSIDE DRIVE

    General Information

    Standard status
    Active
    Size
    2,352 SF
    Lot size
    0.11 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Becky Sirigotis
    Becky Sirigotis

    Listing agent Becky Sirigotis License #3361203

    Listing office COMPASS FLORIDA LLC

    Listing date Mar 23, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COMPASS FLORIDA LLC

    HighLights

    • Exclusive gated community of Bay Isles on Longboat Key.
    • Private tunnel access to Longboat Key's pristine beach.
    • Enjoy access to the private Bay Isles Beach Club with amenities.
    • Spacious screened‑in patio for outdoor relaxation and dining.
    • Recently replaced roofs (past 90 days).
    • Open‑concept floor plan connecting living and dining areas.

    Overview

    Located in the gated Bay Isles enclave on Longboat Key, this Harbour Oaks villa offers privacy and tranquility. The villa features an open-concept floor plan connecting the living and dining areas. The kitchen includes a breakfast nook, and a butler’s pantry provides additional storage. Sliding glass doors open to a screened-in patio. The primary suite includes an ensuite bath. Two additional bedrooms share a full bath, and an upstairs laundry room adds convenience. All roofs in the community were replaced in the past 90 days. A community pool is available. A tunnel provides direct access to the beach. The Bay Isles Beach Club offers beachside amenities including parking, a covered picnic area with grills, volleyball courts, and cabanas. The property size is 2352 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic Pharmacy Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longboat Key
    County
    Manatee
    State
    Florida
    Longitude
    -82.61658
    Latitude
    27.362993

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    FAQs

    What type of property is this?
    Residential income property - Pristine villa in gated community with beach access.
    Where is this residential income property located?
    The property is located at 2203 HARBOURSIDE DRIVE Longboat Key, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Exclusive gated community of Bay Isles on Longboat Key.; Private tunnel access to Longboat Key's pristine beach.; Enjoy access to the private Bay Isles Beach Club with amenities.
    (305) 851-2820
    We can help!
    Listing Contact
    Becky Sirigotis
    Becky Sirigotis
    Real Estate License ID: 3361203
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2203 HARBOURSIDE DRIVE, LONGBOAT KEY, FL 34228
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