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Map
500 OUTRIGGER LANE
About This Property
GEOTECH STUDY SAYS - "structure can be supported on conventional shallow foundation".
Bring your boat and build your vision.
This oversized corner lot offers an exceptional opportunity to create a substantial custom waterfront residence. Enjoy dramatic eastern views down the canal toward Sarasota Bay, along with western views across the Longboat Key Club golf course and toward the Gulf of Mexico.
A rare combination of waterfront, boating access, beach access, expansive views, and an oversized homesite in the heart of Longboat Key.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2026 | Listed by PREFERRED SHORE LLC | $2,250,000 | |
| Listed by PREFERRED SHORE LLC | |||
| Jul 17, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | Price Increased |
$1,800,000
↑ $350K
(24.1%) | |
| Price Increased | |||
| May 12, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $1,450,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| |||
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PRICED BELOW RECENT APPRAISAL; OVERSIZED corner lot ready to build substantial water front home with eastern views down the canal and over to Sarasota Bay and western views to Longboat Key Club golf course and over to Gulf of Mexico
| |||
| May 6, 2025 | Price Decreased |
$1,695,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017