Current MLS market statistics for active listings in this area.
Active listings
23
New listings last 30 days
1
Median list price
$580,000
Median price per sq ft
$477
List price range
$295,000 - $4,700,000
Median bedrooms
2
Median bathrooms
2
Median living area
1,152 sq ft
Typical HOA fees
$917 – $1,978 / month
Medians are based on 23 sampled active listings when available.
Longboat Key has a distinctly structured condo market defined by low-density development, a quiet residential environment, and a strong concentration of waterfront properties. Stretching approximately 12 miles along the Gulf Coast, the island maintains a controlled development pattern that directly limits supply and shapes long-term property values.
Longboat Key Condo Market Overview
The condo market on Longboat Key is built around waterfront positioning and building quality, with inventory concentrated in established developments along both the Gulf of Mexico and Sarasota Bay.
Typical price ranges:
Entry-level condos (older buildings or limited views): $400,000 – $800,000
Mid-range condos (updated units or partial water views): $800,000 – $1.8M
Gulf-front and bayfront condos: $1.8M – $4M+
Luxury residences and newer developments: $4M+
Pricing is driven primarily by direct water exposure, building upgrades, and overall development quality, with Gulf-front units consistently commanding the highest premiums.
Low-Density Development and Supply Constraints
One of the defining features of Longboat Key is its controlled development pattern.
The island avoids overdevelopment and large-scale commercial expansion
Residential communities are spaced out along a linear coastal layout
New construction opportunities are limited due to land constraints
This creates a more stable, supply-limited condo market compared to nearby areas.
Property Types in Longboat Key Condos
Condo inventory reflects decades of development across the island.
Mid-rise and high-rise condominium buildings
Gulf-front developments along the western shoreline
Bayfront and canal-front communities along Sarasota Bay
Gated and managed residential complexes
Many buildings were developed in earlier cycles, resulting in a mix of original units and fully renovated properties within the same communities.
Rental Restrictions and Ownership Profile
Longboat Key differs from nearby barrier islands in how rental policies are structured.
Many condo buildings enforce minimum rental periods (monthly or longer)