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Updated Furnished Duplex
For Sale
$900,000

578 - 580 Companion Way, Longboat Key, FL 34228

Two separately addressed units support flexible occupancy and permitted vacation-rental use.

Property Size1,792 SF
Price / SF$502.23
Days on Market41

Property Features for 578 - 580 Companion Way

General Information

Standard status Active
Size 1,792 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units 2

Additional Details

Furnished Yes

Amenities

pool
fitness center
tennis courts

Building Details

Year Built 1963
Listing Agency: NEXTHOME EXCELLENCE
Listed By: Linh Pham · License #3437743
Source: Flflourish
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 28 at 11:59AM

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 NEXTHOME EXCELLENCE

Investment Insights

Based on property information with market context.

This 1,792-square-foot duplex, built in 1963, includes two separately addressed residences at 578 Companion Way and 580 Companion Way. The unit mix consists of one two-bedroom, two-bath residence and one two-bedroom, one-bath residence. Both units are fully furnished and feature expansive windows, along with new roofs, AC systems, water heaters, and appliances completed in 2025.

The property is located on Longboat Key, steps from Gulf beaches and near St. Armands Circle, Sarasota dining, shopping, golf courses, marinas, and cultural attractions. Cedars East amenities, including a pool, fitness center, and tennis courts, are available through a small optional membership fee. Vacation rentals are permitted, supporting use by seasonal residents, families, or investors seeking separate living and rental accommodations.

Key Highlights

  • 1,792‑square‑foot duplex with two separately addressed residences
  • Unit mix includes one 2‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit
  • New roof, AC systems, water heaters, and appliances completed in 2025

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Law Firm Auto Repair Shop Hair Salon HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

172
Businesses Nearby

Demographics for 34228, FL

7,505
Population
9,865
Households
0.8
Avg Household Size
71
Median Age
69%
College-Educated
99%
High-School Grad
4.1 sq mi
ZIP Area
1,830
Density / Sq Mi
$143,365
Median Household Income
$78,438
Median Earnings
$2,969
Median Rent
$959,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately addressed units support flexible occupancy and permitted vacation-rental use.
Where is this duplex located?
The property is located at 578 - 580 Companion Way Longboat Key, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,792‑square‑foot duplex with two separately addressed residences; Unit mix includes one 2‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit; New roof, AC systems, water heaters, and appliances completed in 2025
More about this property
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