560 CEDAR STREET
About This Property
Discover the perfect blend of island charm and modern comfort in this beautifully updated 3-bedroom, 3-bathroom home nestled in the sought-after Longbeach Village of Longboat Key. Situated on a desirable corner lot, this residence offers the ultimate coastal lifestyle in one of the area's most historic and beloved communities.
Step inside to find a freshly remodeled main level, thoughtfully updated in 2025 with all-new appliances, cabinetry, and an energy-efficient HVAC system. Upstairs, the home's highlight awaits-a spacious screened-in porch on the second level, ideal for morning coffee, evening cocktails, or simply soaking in the island breezes.
From your doorstep, you'll enjoy the convenience of being just a short stroll to renowned dining destinations like Mar Vista and Shore, as well as the powder-soft sands and turquoise waters of the Gulf of Mexico. Explore the boutiques and arts at St. Armands Circle to the south, or the shops and eateries of Anna Maria Island to the north-this home truly sits at the crossroads of it all.
Embrace the rare Bay-to-Gulf lifestyle: wake up to spectacular sunrises along the bayfront and end your day with unforgettable sunsets over the Gulf. Whether as a full-time residence or a coastal getaway, this move-in-ready property is a rare opportunity to own a piece of paradise on 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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017