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Longboat Key for less than $500,000

August 22, 2006

Longboat Key is affordable again. Right now there are 83 condominiums for sale on Longboat Key for less than $500,000. You can buy a furnished one bedroom condominium directly on the beach at Longboat Beachcomber with a pool that allows short term rentals for $439,000. The average price of condominiums under half a million is $440,505. The lowest priced condominium on Longboat key is $325,000. The average price per square foot is $421 and the average days on the market are 127.

During the last 6 months, 27 condominiums under $500,000 were sold. The average price of those sold was $397,411 and the average list price was $416,548. Currently there are 5 condominiums under contract and pending closing of escrow.

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