Draft$1,495,000
5461 GULF OF MEXICO DRIVE, 304
LONGBOAT KEY, FL 34228
2 beds2 baths1,516 sqft
Sold · Single Family
721 BINNACLE POINT DRIVE
LONGBOAT KEY, FL 34228
Beds
3 beds
Baths
3 baths
Area
3,229 sqft
Single FamilyBuilt 197318,809 sqft lot2-car garageCentral, DuctlessCentral Air, Wall/Window Unit(s)$464/sqft600 days on market
Location
About this home
PREMIER LOCATION in Emerald Harbor -- HOUSE TO BE DEMOLISHED -- LOT IS GRADED AND READY TO BUILD -- Located on the apex of the WIDEST CANAL on Longboat Key, 721 Binnacle Point Drive is ready for a new owner with a new vision! The property has 96' of canal frontage with BRAND NEW Sea Wall (2024), 120' of street frontage, with just over 18,800 SF upon which to build your dream home. Build new and enjoy long views east and west down the canal and the beautiful light exposure. Emerald Harbor is one of Longboat Key's best neighborhoods - don't miss this opportunity to create your vision! There is a working, permitted sprinkler well on property. Private, deeded beach access for Emerald Harbor residents is just over 1100 feet away! *The 3/3 home on the property that was damaged by Hurricane has been removed.
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 3,229 sqft
- Heating
- Central, Ductless
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Tile
- Features
- Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Ice Maker…
Exterior & lot
- Lot size
- 18,809 sqft (0.43 ac)
- Waterfront
- Yes
- Roof
- Membrane, Tile
- Construction
- Block
- Exterior
- Awning(s), Garden, Rain Gutters, Storage
Parking
- Garage
- 2 spaces
Financial
- HOA dues
- $600 / annually
- Annual tax
- $6,896 (2024)
- Price / sqft
- $464/sqft
Utilities
- Water
- Public
- Sewer
- Private Sewer
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Sprinkler Well…
Property
- Property type
- Single Family
- Year built
- 1973
- Subdivision
- EMERALD HARBOR
- County
- Manatee
Assigned schools
- Elementary
- Anna Maria Elementary
- Middle
- Electa Arcotte Lee Magnet
- High
- Manatee High
Listing
- Status
- Sold
- Days on market
- 600 days
- MLS #
- MFR745719867
- Source
- Stellar MLS
Listed by James Frost · KINCAID REALTY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$8,205/mo
- Principal & interest
- $7,580/mo
- Property tax
- $575/mo
- Home insurance
- Left out until you enter a quote
- HOA dues
- $50/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2024 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Similar homes nearby
Homes for sale in LONGBOAT KEY within the same price band.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 25, 2026 | Price reduced | $1,499,000 | −$726,000 |
| Aug 25, 2026 | Sold | $1,499,000 | — |
| Jan 29, 2025 | Listed | $2,225,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for LONGBOAT KEY, FL are not connected yet, so this page does not show them.
Elementary school
Anna Maria Elementary
Assigned school from the MLS record
Middle school
Electa Arcotte Lee Magnet
Assigned school from the MLS record
High school
Manatee High
Assigned school from the MLS record
Frequently asked questions
What would 721 BINNACLE POINT DRIVE, LONGBOAT KEY cost per month?
About $8,205 a month: $7,580 principal and interest, $575 property tax, $50 HOA. That assumes 20% down at 6.5% over 30 years, and leaves out insurance.
Is 721 BINNACLE POINT DRIVE, LONGBOAT KEY priced fairly?
Comparable homes nearby put it between $2,412,887 and $2,776,117, with $2,594,502 in the middle. Those are asking prices, not closed sales: 8 properties of the same type within three miles, each within 20% of this one's size and a bedroom either way, at a median of $804 a square foot.
How does 721 BINNACLE POINT DRIVE, LONGBOAT KEY compare to nearby homes?
8 comparable properties within three miles. The nearest: 5920 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL at $1,749,500, 2,823 sq ft, 0.22 miles away; 635 JUNGLE QUEEN WAY, LONGBOAT KEY, FL at $2,895,000, 3,047 sq ft, 0.24 miles away; 705 JUNGLE QUEEN WAY, LONGBOAT KEY, FL at $2,795,000, 3,083 sq ft, 0.26 miles away.
How long has 721 BINNACLE POINT DRIVE, LONGBOAT KEY been on the market?
374 days on the market.
Has the price of 721 BINNACLE POINT DRIVE, LONGBOAT KEY changed?
It has gone down from $2,225,000 to $1,499,000, a change of -32.6%.
How big is 721 BINNACLE POINT DRIVE, LONGBOAT KEY?
3 bed, 3 bath, 3,229 square feet. That is $464 a square foot.
What year was 721 BINNACLE POINT DRIVE, LONGBOAT KEY built?
Built in 1973.
What is the HOA fee at 721 BINNACLE POINT DRIVE, LONGBOAT KEY?
The association fee works out to $50 a month.
What are the property taxes at 721 BINNACLE POINT DRIVE, LONGBOAT KEY?
Property tax works out to about $575 a month, $6,896 a year, on the 2024 assessment.
Is 721 BINNACLE POINT DRIVE, LONGBOAT KEY still available?
It is sold.