Build your dream home on this oversized 15,000 SF canal front lot in the beautiful Emerald Harbor boating community on the north end of Longboat Key. Located on a wide, deep-water canal with 80 feet of seawall leading out to the intercoastal waterway. The one-story ranch house was flooded during Hurricane Helene and is ready to be torn down to build an elevated home with the latest hurricane codes and to take advantage of the water views and placement on the lot. Emerald Harbor has its own deeded beach access across the street on the Gulf of Mexico Drive and is close to Cannons Marina, fitness centers, tennis and many new restaurants and shops. A survey is attached with the current home.
For sale
Price cut: $20K (11/19)
$1,660,000
721 Old Compass Rd, Longboat Key, FL 34228
3beds
2,262sqft
Est.:
Single Family Residence
Built in 1969
0.35 Acres Lot
$-- Zestimate®
$734/sqft
$63/mo HOA
What's special
- 328 days |
- 309 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: December 11, 2025 at 07:02am
Listing Provided by:
Julie Klick 941-780-6001,
MICHAEL SAUNDERS & COMPANY 941-388-4447,
Beverly St Hilaire 818-416-2505,
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4638118
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Florida Room, Great Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Area: 210 Square Feet
- Dimensions: 14x15
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 176 Square Feet
- Dimensions: 11x16
Bedroom 3
- Features: Built-in Closet
- Level: First
- Area: 184 Square Feet
- Dimensions: 11.5x16
Bonus room
- Features: No Closet
- Level: First
- Area: 103.5 Square Feet
- Dimensions: 9x11.5
Florida room
- Level: First
- Area: 356.5 Square Feet
- Dimensions: 11.5x31
Great room
- Level: First
- Area: 392 Square Feet
- Dimensions: 14x28
Kitchen
- Level: First
- Area: 140 Square Feet
- Dimensions: 8x17.5
Heating
- Electric
Cooling
- Central Air, Zoned
Appliances
- Included: Range Hood
- Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
Features
- Built-in Features, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom
- Flooring: Ceramic Tile, Concrete, Terrazzo
- Windows: Shutters
- Has fireplace: No
Interior area
- Total structure area: 2,818
- Total interior livable area: 2,262 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Private Mailbox, Rain Barrel/Cistern(s)
- Has private pool: Yes
- Pool features: Gunite, Heated, In Ground, Tile
- Has view: Yes
- View description: Water, Bay/Harbor - Partial, Canal, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Bay/Harbor - Partial,Canal,Intracoastal Waterway
- Waterfront features: Gulf/Ocean Front, Waterfront, Canal Front, Beach Access, Beach - Access Deeded, Saltwater Canal Access, Gulf/Ocean Access, Intracoastal Waterway Access, Sailboat Water, Seawall
- Body of water: SARASOTA BAY
- Frontage length: Canal: 108
Lot
- Size: 0.35 Acres
- Dimensions: 98 x 155
- Features: Flood Insurance Required, FloodZone, Landscaped
Details
- Parcel number: 7887700008
- Zoning: R4SF
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Gulf/Ocean Front, Water Access, Waterfront, Deed Restrictions, Special Community Restrictions
- Subdivision: EMERALD HARBOR
HOA
- Has HOA: Yes
- Services included: Trash
- HOA fee: $63 monthly
- HOA name: Emerald Harbor HOA / Susan Jones
- HOA phone: 610-999-9078
- Pet fee: $0 monthly
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $734/sqft
- Tax assessed value: $1,354,359
- Annual tax amount: $7,022
- Date on market: 1/29/2025
- Cumulative days on market: 328 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$7,420/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Price change | $1,660,000-1.2%$734/sqft |
Source:  Stellar MLS #A4638118 Report a problem | ||
| 4/30/2025 | Price change | $1,680,000-1.1%$743/sqft |
Source: Stellar MLS #A4638118 Report a problem | ||
| 3/11/2025 | Price change | $1,699,000-5.3%$751/sqft |
Source: Stellar MLS #A4638118 Report a problem | ||
| 1/29/2025 | Listed for sale | $1,795,000+443.9%$794/sqft |
Source: Stellar MLS #A4638118 Report a problem | ||
| 6/29/1995 | Sold | $330,000$146/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,022 +0.8% | $469,764 +3% |
| 2023 | $6,966 +2% | $456,082 +3% |
| 2022 | $6,832 -1.1% | $442,798 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,967/mo
Principal & interest
$8303
Property taxes
$2020
Other costs
$644
Climate risks
Neighborhood: 34228
Nearby schools
GreatSchools rating
- 8/10Anna Maria Elementary SchoolGrades: K-5Distance: 6.4 mi
- 4/10Martha B. King Middle SchoolGrades: 6-8Distance: 6 mi
- 2/10Bayshore High SchoolGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Anna Maria Elementary
- Middle: Martha B. King Middle
- High: Bayshore High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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