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    601 LONGBOAT CLUB Rd 902S Longboat Key, FL 34228

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    For Lease
    $9,000 /Mo

    Fully furnished seasonal residence with Gulf views and resort amenities.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 4:39 pm

    Property Features for 601 LONGBOAT CLUB Rd 902S

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Irma Scherer
    Irma Scherer

    Listing agent Irma Scherer License #3226891

    Listing office Compass

    Listing date Apr 24, 2026

    Source Elliman

    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

    Overview

    Furnished Gulf Front Condo Rental

    This fully furnished seasonal residence offers direct Gulf front living and is available January through March 2027. Located behind the private gates of Longboat Key, this premium condo combines coastal condo living with well-designed interiors. The bedrooms offer sunrise views over the golf course, while the main living spaces provide sunset views over the Gulf. The primary suite includes walk-in closets. The open layout allows for entertaining or quiet nights at home. Residents have access to resort-style amenities, including a heated beachfront pool and spa, fitness center, sauna, steam room, and gated security. Water, cable, Wi Fi, and parking are included. Situated within the Longboat Key Club community, Longboat Key Towers provides a beachfront escape near the dining, culture, and lifestyle of Sarasota. The bike score is 44, indicating it is somewhat bikeable, while the walk score is 13, suggesting car dependence, and the transit score is 0, indicating no nearby transit.
    Location Intelligence

    Current Use by Public Records

    Longboat Key Towers ... Apartment Building

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Kitchen & Bath Showroom Big Box & Wholesale Store Bar & Pub Food Market Grocery & Convenience Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Longboat Key
    County
    Manatee
    State
    Florida
    Longitude
    -82.5971746
    Latitude
    27.3376408

    Nearby Similar for Lease

    • $47,120 SF/Yr

      Pre-Construction Retail/Office Space on Gulf

      Pre-construction retail and office spaces available on Longboat Key.
      3120-3150 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228
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    • $30 SF/Yr

      Retail Space in Longboat Key

      Retail space available in Longboat Key, Florida.
      515-525 Bay Isles Pkwy, Longboat Key, FL
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      Gulf of Mexico Drive Retail

      Retail, restaurant, and office spaces available on Gulf of Mexico.
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      Retail Space on Longboat Key

      Prime retail space with high visibility on Gulf of Mexico Drive.
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    FAQs

    What type of property is this?
    Residential income property - Fully furnished seasonal residence with Gulf views and resort amenities.
    Where is this residential income property located?
    The property is located at 601 LONGBOAT CLUB Rd 902S Longboat Key, FL.
    What is the lease rate?
    The lease rate is $9,000 /Mo.
    What are key features of this property?
    This property features: Direct Gulf front living with sunset views; Fully furnished seasonal residence available January through March 2027; Enjoy resort‑style amenities: heated beachfront pool and spa, fitness center, sauna, and steam room
    (305) 490-8981
    We can help!
    Listing Contact
    Irma Scherer
    Irma Scherer
    Real Estate License ID: 3226891
    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.

    More about this property
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