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548 GUNWALE LANE
About This Property
Boaters will appreciate the newer seawall, 16,000-lb. boat lift and expansive 18' x 16' Trex dock featuring lighting and water, with easy access to Sarasota Bay and open water. The private Pebble Tec pool and paver pool deck were updated in 2024, creating an inviting setting for relaxing or entertaining.
Numerous major improvements provide peace of mind, including a NEW FLAT TILE ROOF (2025), Carrier A/C (2024), A.O. Smith water heater, NuCORE waterproof flooring and plantation shutters. The updated kitchen features elegant Silestone quartz countertops, stainless-steel sink, Bosch 3-door refrigerator/freezer and dishwasher, plus a stainless-steel GE range and microwave.
Inside, vaulted ceilings and recessed lighting enhance the spacious living room, while a separate dining room provides an ideal space for entertaining. The desirable split-bedroom floor plan offers privacy, with generous walk-in closets throughout. The primary suite features a walk-in closet with built-ins and an ensuite bath with dual sinks, large tiled shower, whirlpool tub and private water closet. The third bedroom includes a convenient office area, adding flexibility for work or guests.
With its rare combination of exceptional boating access, private pool, extensive renovations and proximity to Sarasota Bay, 548 Gunwale Lane presents an outstanding opportunity to own a turnkey waterfront home on Longboat Key. Move in, enjoy the water, and embrace the Longboat Key lifestyle.
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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 |
|---|---|---|---|
| Nov 6, 2026 | Sold | ||
| Sold | |||
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Price Decreased |
$1,950,000
↓ $150K
(7.1%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$2,100,000
↓ $100K
(4.6%) | |
| Price Decreased | |||
| Feb 2, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $2,200,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017