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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Golf courses & driving ranges
220 Sands Pt Rd Longboat Key, FL 34228-3910
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6105463
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,818 SF
Lot
133.25 ac (5,804,306 SF)
Zoning code
GPD
APN
0010-06-0001
UPID
US18-6105463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BouYah Watersports - The Resort at Longboat Key Club (Bike/Boat/Book/etc) Store
-
Vacation Villas at Longboat Key Club Hotel & Motel Resort
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Opal Spa - Resort at Longboat Key Club Spa & Massage Center
-
fishburger charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Longboat Key Assn INC · 6 yrs held
Longboat Key Assn INC
since 2019
4 recorded transactions
Zoning & alternative use
GPD · Longboat Key, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Longboat Key submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longboat Key submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$2,105,000
Current use
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,586
Tax year 2023
Assessed value
$8,568,000
Assessed 2023
Previous assessed
$7,700,000
+11.3% YoY
Effective rate
1.35%
On assessed value
Assessed land
$4,500,000
Assessed improvement
$4,068,000
Land market value
$4,500,000
Improvement market value
$4,068,000
Total market value
$8,568,000
Applied tax rate
420.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Rooms
18
Bathrooms
10
Total area
21,818 SF
Lot
133.25 ac (5,804,306 SF)
Zoning code
GPD
APN
0010-06-0001
UPID
US18-6105463
Jurisdiction
SARASOTA
Zoning & alternative use
GPD · Longboat Key, FLZoning GPD · permitted uses
GPD · Longboat Key, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$2.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Rooms
18
Bathrooms
10
Lot
133.25 ac
Current owner
From public records · entity-resolved
Longboat Key Assn INC
Entity
Free & Clear · 6 yrs held
Mailing address
1000 MARKET ST UNIT #300, PORTSMOUTH, NH 03801-3358
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
$100
Longboat Key Assn INC
Lb 500 LLC
Warranty Deed
related
—
Nov 2, 2012
$646,100
Lb 500 LLC
Key Club Associates LP
Grant Deed
—
Nov 2, 2012
$46,748,800
Lb 500 LLC
Key Club Associates LP
Grant Deed
—
Dec 17, 2010
—
Key Club Associates LP
—
Deed Of Trust
related
$45,000,000 · Istar Tara LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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