741 HIDEAWAY BAY DRIVE, Longboat Key, FL, 34228 | $5,795,000

SOPHISTICATED WATERFRONT LIVING ON SARASOTA BAY-- POSTMODERN GEM
Experience sophisticated waterfront living in this postmodern 5, 424 square foot architectural gem situated on an . 834 acre lot. Perfectly positioned on this generous and private parcel, the estate boasts 275 feet of Sarasota Bay waterfront. The split-level home is surrounded by mature tropical landscaping with Azek composite decks on each level, a shaded garden-level seating area, and a hot tub composite deck. The soaring ceilings and expansive impact windows provide abundant natural light, bringing the outside in, and providing unobstructed views of the Bay throughout the house. The interior provides an inviting open floor plan, along with generous private spaces. Entering the home through the large foyer, you are greeted with 180 degree Bay views, which continue as you move into the living and dining rooms. On the next level, you will find a spacious chef’s kitchen with guest seating, breakfast area, and deck, all with full views of the Bay. A family room and private guest wing is located on this level, with 2 bedrooms each with ensuite baths. The home has two master suites, each with private decks and full Bay views. Overall, this home provides the perfect environment for entertaining or for finding serenity and solitude with nature and abundant wildlife.
The ground level includes a 3-car garage, a separate storage room with garage doors allowing access for a 4th car and golf cart, and a separate 900 square foot workshop and exercise space which could also be used as a game/hobby area.
Outside, enjoy the island waterfront lifestyle with an elevated 50-foot long refinished swimming pool and tile deck overlooking the newly designed and constructed (2018) Azek composite boat dock (Duncan Seawall). The deep water dock has two 4-piling boat lifts, a kayak lift, fish cleaning station, as well as a composite bench for viewing the many seasons of Sarasota Bay.
Finally, and significantly, the property is located just blocks (5 minute walk) from one of Longboat Key’s 12 designated beach access points for early morning or sunset walks on the white sands of the Gulf. The boat dock is just a short ride by boat to the ICW and to Longboat Pass for quick access to the Gulf. In addition, the community has two private tennis courts for use by HOA members and their guests. This community of 18 custom homes is tucked away down a mangrove-lined winding road that delivers you to one of the most secluded and serene communities on Longboat Key.
The current owners have invested over $1 million in upgrades since 2017, too numerous to include, but available upon request.

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 4 full / 2 half
  • Laundry: Laundry Room
  • Year Built: 1982
  • Garage: 3-car
  • Heating: Central, Propane
  • Cooling: Central Air
  • Approx Sq. Feet: 5,424
  • Acreage: 0.83
  • Est. Taxes: $34,164
  • HOA Fee: $900 Annually
  • Pool: Above Ground, Heated
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer
  • MLS#: A4639736
  • Days on Market: 39 days
  • Website: https://www.raveis.com
    /eprop/A4639736/741hideawaybaydrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/12/2025 1:36:41 AM)
Listing courtesy of DEVELOPERS REALTY LBK, INC   Phone: 941-799-9096

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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741 HIDEAWAY BAY DRIVE, Longboat Key, FL, 34228

$5,795,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,636,000 $4,636,000 $4,636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.751% 6.666%
Monthly Tax Payment $2,847 $2,847 $2,847
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $28,169 $29,685 $40,385
Total Monthly Payment $31,141 $32,657 $43,357

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.