749 Penfield Street, Longboat Key, FL 34228

$917,000
3
BD
3
BA
2,905
SqFt

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Sold Price
$917,000
List Price
$975,000
Status
Sold
Days on Market
25
Closing Date
Oct 27, 2025
MLS#
A4663334
Property Style
Single Family
Architectural Style
Mediterranean
Year Built
1968
Bedrooms
3
Bathrooms
3
Living Area
2,905
Price per sq. ft.
335.63
Lot Size
9,919
Acres
0.23
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Sleepy Lagoon Park 2
Community Name
Sleepy Lagoon
MLS Area Major
Longboat Key

Property Description

An extraordinary opportunity awaits the next visionary owner of this spacious waterfront Mediterranean-style home. Whether you choose to renovate the current home or build your new dream home, it is ideally located on a wide canal with no fixed bridges to the Gulf of Mexico. A day out on the water is right out of your back door! It is just a short stroll to the pristine beach in the highly desirable north end of Longboat Key. This is where luxury living meets the relaxed charm of coastal living. The home was damaged in the storms but was remediated and drywall was replaced. It will need flooring, a new kitchen and two bathrooms, but it features 3 bedrooms and 3 baths, and offers abundant space to recreate your perfect waterfront retreat. A distinctive arched entryway welcomes you to a private front courtyard. Upon entering through the beautifully carved wooden door, you are greeted by an abundance of natural light that highlights the unique architectural details, with a scenic view of the sparkling canal beyond. The first floor hosts a spacious open plan living and dining area, the kitchen, two bedrooms, and two bathrooms, along with a large utility room that could easily serve as a fourth bedroom or additional living space. A grand staircase leads to the primary bedroom, which boasts a luxurious marble ensuite with a jacuzzi tub and breathtaking views of the canal below. This exceptional room features a cathedral ceiling with exposed wooden beams, a gorgeous oak floor with intricate inlays, a wood-burning fireplace, and a balcony overlooking the private courtyard. It is a true sanctuary that could easily be transformed into a second expansive living area. Close to multiple restaurants, the fabulous St.Regis Resort and the world renowned St. Armands Circle…..and just a couple of bridges away from the cultural epicenter of downtown Sarasota……this is a rare offering to come and make your own!

Additional Information

Taxes
$19727
Minimum Lease Period
1 Month
Max Times per Year
12
Location
FloodZone, City Limits, In County, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Paved
Community Features
Street Lights, No Deed Restriction
Property Description
Two Story
Zoning
R4SF
Interior Features
Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Thermostat
Floor
Wood
Appliances
None
Utilities
Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Fireplace Description
Primary Bedroom
Exterior Construction
Stucco
Exterior Features
Balcony, Courtyard, Lighting, Private Mailbox
Roof
Concrete
Foundation
Block
Pool
No Pool
Garage Carport
2 Car Garage
Garage Spaces
2
Elementary School
Anna Maria Elementary
Middle School
Martha B. King Middle
High School
Bayshore High
Fences
Wood
Water Name
Sarasota Bay
Water Extras
No Wake Zone, Sailboat Water, Seawall - Concrete
Water View
Canal
Water Access
Canal - Saltwater
Water Frontage
Canal - Saltwater
Pets
Allowed
Flood Zone Code
AE
Parcel ID
7875200003
Legal Description
LOT 123 SLEEPY LAGOON PARK NO 2 PI#78752.0000/3

Listing courtesy of MICHAEL SAUNDERS & COMPANY. 941-383-7591

Selling Office: KELLER WILLIAMS SOUTH SHORE.

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