560 SCHOONER LANE
About This Property
Step inside to discover an inviting open-concept design where high-end finishes blend seamlessly with sun-drenched spaces. The brand-new eat in chef's kitchen is a true showpiece, featuring custom Campbell cabinetry, quartz countertops, a walk-in pantry, and top-of-the-line Gaggenau appliances, including a steam oven and a re-mineralized spigot for drinking water. A floating metal staircase and custom metal doors add a striking architectural element, while two primary suites-one on each level-provide the ultimate in comfort and privacy. The spa-inspired bath includes a built-in infrared sauna, creating a private retreat within your home. Two additional guest bedrooms provide a private escape sharing a tastefully renovated full bathroom with access to the backyard.
Designed for effortless indoor-outdoor living, the sunroom with a cozy gas fireplace opens to a resort-style backyard. A spiral staircase leads to the upper-level sky deck, where panoramic bay and city views provide an awe-inspiring backdrop for evening cocktails. The outdoor space is a sanctuary of beauty and function, featuring a newly designed saltwater pool with a gas heater and pump, a fully custom backyard fence, and lush yet maintenance-free turf. The deepwater dock is outfitted with a 10,000-pound boat lift and a suction dock, while an enhanced seawall cap, built higher and wider, ensures long-term durability.
Every detail of this home reflects superior quality and thoughtful design, from the hurricane-rated PGT impact windows and doors to the sleek modern metal roof and whole-house reverse osmosis water filtration system. Smart home features include a 360-degree security camera system and landscape lighting, while the cooled garage with epoxy flooring adds both convenience and style.
Beyond your private retreat, enjoy deeded beach access to the powder-soft sands and turquoise waters of the Gulf of Mexico. Just moments away, Longboat Key Club offers world-class golf and dining, while the boutique shops and restaurants of St. Armands Circle, the vibrant energy of downtown Sarasota, and the convenience of SRQ International Airport are all within easy reach.
This is the essence of waterfront luxury-a rare opportunity to experience the best of Longboat Key living.
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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 |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Nov 29, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$3,500,000
↓ $500K
(12.5%) | |
| Price Decreased | |||
| Jul 4, 2025 | Price Decreased |
$3,999,999
↓ $500K
(11.1%) | |
| Price Decreased | |||
| Mar 29, 2025 | Listed by COLDWELL BANKER REALTY | $4,500,000 | |
| Listed by COLDWELL BANKER REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017