by Global Lifestyle Properties

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Longboat Key 34228
501 DE NARVAEZ DRIVE
$1,018,375
↓ $50K (4.7%)
● House - For Sale

501 DE NARVAEZ DRIVE

LONGBOAT KEY, FL 34228
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,708 Ft²
$6,104
Est. Monthly
2.49%
Cap Rate

About This Property

Some homes whisper. Others make a statement. 501 De Narvaez Drive commands attention-with bold architecture, elegant updates, and a prime waterfront location that elevates the Florida lifestyle into something exceptional. Nestled on a quiet corner lot in the coveted Sleepy Lagoon Park neighborhood, this home is your gateway to prestige, privacy, and the purest form of coastal living.

Spanning 1,708 square feet of refined single-story living, this 3-bedroom, 2.5-bath residence is a masterclass in modern comfort and timeless materials. Designed with block construction and finished in stucco with a durable metal roof, the home is as solid as it is stylish. Inside, terrazzo flooring sweeps across the entire home, providing a sleek and enduring foundation underfoot.

Enter into a light-drenched open floor plan, where the layout has been carefully crafted for entertaining, lounging, and effortless day-to-day living. The living room flows into a dining space and gourmet kitchen-outfitted with stone counters, solid surface tops, a spacious island, and stainless steel appliances including a convection oven and cooktop. Whether you're entertaining guests or enjoying a peaceful morning coffee, every room connects you to the water and the outdoors.

The primary suite is an owner's haven, complete with a walk-in closet and full bath featuring a tub/shower combination. Two additional bedrooms-each with walk-in closets-offer comfort, functionality, and flexibility. A second full bath, half bath, and spacious laundry area provide all the elements of ease and convenience.

But what truly defines this home is what lies beyond the doors. A private, heated pool, enclosed within a screened lanai, becomes your year-round sanctuary. The oversized covered deck is perfect for afternoon shade or sunset cocktails. And then there's the water: with direct canal access to the Intracoastal Waterway, this home is a dream for boaters. The 2022 composite dock and concrete seawall are in pristine condition and ready for your vessel.

No HOA means you can live your way, and with 1-month minimum leases allowed (rental license required), this property also offers incredible short- or long-term rental potential. Add in a two-car garage, central air, electric heat, public water/sewer, and fiber optic internet, and you have every modern amenity at your fingertips.

This is more than just a home-it's a statement of lifestyle. A bold, beautiful, and rare opportunity to own in one of Longboat Key's most established and beloved communities, just moments from world-class beaches, golf, fine dining, and everything the Sarasota area has to offer.

For the visionary buyer who seeks distinction, privacy, and water access-501 De Narvaez is where your story begins.
Unit Size
1,708 Ft²
Days on Market
434 days
Land Size
0.23 acres
Price per sqft
$596
Property Type
House
Property Taxes
$1,103
HOA Dues
-
Year Built
1972

Listed By

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Last updated: 5 months ago (Stellar MLS #TB8398888)

Price History

Date / Event Date Event Price
May 9, 2026 Price Decreased $1,018,375
↓ $50K (4.7%)
Price Decreased
Feb 18, 2026 Price Decreased $1,068,375
↓ $50K (4.5%)
Price Decreased
Jan 13, 2026 Price Decreased $1,118,375
↓ $50K (4.3%)
Price Decreased
Nov 26, 2025 Price Decreased $1,168,375
↓ $50K (4.1%)
Price Decreased
Sep 7, 2025 Price Decreased $1,218,375
↓ $64K (5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Open, Oversized, Bath In Garage
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Open Floorplan, Stone Counters, Walk-In Closet(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Refrigerator
Flooring Type: Terrazzo
Door Features: Sliding Doors
Laundry Features: Electric Dryer Hookup, In Garage, Laundry Room, Washer Hookup
Rooms: 8
Exterior Details
Square Footage: 1708
Square Footage Source: $0
Security Features: Fire Alarm
Property Condition: Completed
Architectural Style: Ranch
Year Built: 1972
Waterfront Features: Canal Access
Waterbody Name: MILLAR BAY
Building Area Total: 1708
Levels: One
Building Area Units: Square Feet
Construction Materials: Block, Stucco
Patio and Porch Features: Covered, Deck, Enclosed, Screened
Pool Features: Gunite, Heated, In Ground, Screen Enclosure, Deck
Pool is Private
Lot Features: Corner Lot
Lot Size Area: 10202
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10202
Lot Size Dimensions: 102 x 100
Tax Lot: 21
Water Source: Public
Financial Details
Tax Annual Amount: $13,238
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 10,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,343
  • Gross Building Area: 2,343
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SLEEPY LAGOON PARK
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 21 SLEEPY LAGOON PARK PI#78555.0000/0

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001705

Zoning

  • Zoning: LBK_R-4SF

Geography

  • Assessors Map Reference: 35B
  • Subdivision Tract Number: 07853200
  • Parcel: 78555-0000-0
  • Lot: 21
  • Meridian: SEC 23 TWN 35S RNG 16E
  • Municipality: LONGBOAT KEY
  • Latitude: 27.428
  • Longitude: -82.6771

    Address

  • Full Address: 501 De Narvaez Dr
  • Address - House Number: 501
  • Address - Street Name: De Narvaez
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Longboat Key
  • Carrier Code: C004
  • 4-Digit Zip Code: 1405
  • Zip Code: 34228

Valuation

    Tax

  • Total Area: 1,704
  • Tax Year: 2022
  • Tax Amount: $1,086,136
  • Tax Rate Code Area: 226

    Appraisal Valuation

  • Standard Deviation: 0.1879
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 1,360,837
  • High Value: 1,616,580
  • Low Value: 1,105,093

    Market Valuation

  • Market Total Value: $923,193
  • Market Land Value: $442,000
  • Market Improvement Value: $481,193

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $923,193
  • Assessed Land Value: $442,000
  • Assessed Improvements Value: $481,193

    Sales

  • Current Sale Contract Date: Mar 25, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 202141042580
  • Previous Sale Recording Date: Feb 07, 2020
  • Previous Sale Contract Date: Feb 07, 2020
  • Previous Sale Amount: $335,500
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Longboat Key


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Nearby Rentals

Unit for rent at 561 Tarawitt Drive, LONGBOAT KEY, FL, 34228

$4,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,368 ft²
561 Tarawitt Drive, LONGBOAT KEY, FL, 34228 Listing by Edward Holloway


Frequently Asked Questions

When was property at 501 De Narvaez Drive built and last sold?
The property at 501 De Narvaez Drive was built in 1972 and last sold on Mar 25, 2021 for $610,000.
How much is this home worth?
The estimated value of the home located at 501 De Narvaez Drive is $1,034,951.
What are some comparable homes to 501 De Narvaez Drive?
There are currently no comparable homes to 501 De Narvaez Drive.