Longboat Key, FL

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Longboat Key short-term rental market based on reliable data.

Listings

188 / 901

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$48,868

Middle-Earners Revenue

Occupancy

70%

Middle-Earners Occupancy

Home Value

$958,180

Median Home Sale Price

Top Earners

$101,126

Top-Earners Revenue

Longboat Key

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Longboat Key.

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B

Generally Investor friendly

Longboat Key Regulations

Short‑term rentals are explicitly permitted in Longboat Key, but investors must obtain a Business Tax Receipt, complete a new residential‑rental registration, pass a life‑safety inspection, and meet state licensing and tax obligations. The 30‑day minimum stay on most residential properties limits revenue from very short‑term stays, yet there are no caps, the process is clearly outlined, and enforcement penalties are modest, making the overall framework manageable for investors.

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About Longboat Key

Longboat Key is a slender barrier island on Florida's Gulf Coast, split between Manatee County to the north and Sarasota County to the south. With a year-round population of roughly 7,000 residents, the town carries a quiet, upscale residential character, defined by uncrowded white-sand beaches, low-rise condominiums, and a relaxed pace that has long attracted seasonal visitors. It functions as both a destination in its own right and a gateway to the cultural and recreational offerings of the greater Sarasota-Bradenton region. The island sits about 50 miles south of Tampa, the closest major metropolitan area, and is connected to the mainland by bridges at either end.

Just to the south of Longboat Key, across a short bridge, lies St. Armands Key, home to the well-known St. Armands Circle. This roundabout district is lined with boutiques, outdoor cafés, and ice-cream shops clustered around a central park shaded by old trees, and it serves as one of the most popular dining and shopping stops on the central Gulf Coast. From the southern end of Longboat Key, the drive is only about five minutes, making it a natural evening out for visitors staying on the island.

A short drive across the bay brings visitors to the Mote Marine Laboratory & Aquarium, located on City Island in Sarasota. Roughly 20 minutes from Longboat Key, this working research facility and public aquarium highlights the marine life of the Gulf of Mexico, with exhibits on sea turtles, sharks, and manatees, and behind-the-scenes tours that draw both families and ocean enthusiasts. It is one of the most family-friendly attractions in the region.

A bit further inland, in the heart of Sarasota, the Ringling campus offers an entirely different experience. Approximately 20 to 25 minutes from Longboat Key, the complex includes an art museum, a circus museum chronicling the legacy of the Ringling Brothers, and the Venetian Gothic mansion Ca' d'Zan once belonging to John and Mable Ringling. It anchors Sarasota's reputation as a cultural hub and provides a full day of indoor activity, useful during the occasional summer rainstorm.

To the south, Siesta Key Beach is one of the most frequently celebrated shorelines in the country, prized for its fine quartz sand that stays cool underfoot. It is about a 25- to 30-minute drive from Longboat Key and offers a livelier beach scene with volleyball courts, concessions, and nearby village shops, providing an easy contrast to the more subdued atmosphere back on the island.

Longboat Key appeals to short-term-rental investors and visitors alike because it offers a refined, low-density beach experience while remaining within easy reach of Sarasota's arts scene, family attractions, and some of the Gulf Coast's most photographed beaches. The combination of seclusion and proximity to a culturally rich region makes it a versatile base for couples, families, and snowbirds looking to explore Florida's central Gulf Coast.

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