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About Longboat Key FL Real Estate – Everything You Should Know

Longboat Key FL real estate

This article is a general guide for those interested in moving to or purchasing property on Longboat Key in Florida. It covers some of the basics of moving to a new location so that they can have a better understanding before doing so. The article is meant to be a knowledge source for those who are considering Longboat Key FL real estate or purchasing real estate there.

So, if you’re considering a move to Longboat Key, Florida, this guide should give you a good idea of what to expect. Keep in mind that the island has a very relaxed and quiet atmosphere, which is why it has long been a haven for those looking to escape from the busy city life.

Why is Longboat Key so Popular?

Longboat Key is a very popular destination for those looking for beachfront property. The beaches are some of the most beautiful in Florida, and the island’s small size means that everything is close by. The island’s restaurants, boutique shops, and other island-style amenities are all within a short distance. There are no large shopping malls or chain stores.

Recently awarded 5th best island in the US, Longboat Key boasts beauty throughout its 12 miles long and one-mile wide span of land. Many of the properties are either on the beach, on the bay, or right next to them. This means that they come at a premium price.

If you’re interested in living somewhere that offers long stretches of beaches and plenty of serenity, Longboat Key might be the place for you.

The Longboat Key FL Real Estate Market

The Longboat Key FL real estate market is hot right now for many reasons. First, the area is highly desirable due to its close proximity to Sarasota and Tampa, along with its stunning beaches and lush tropical scenery. Second, the market is limited due to the island’s small size – this means that properties don’t stay on the market long when they do come up for sale.

The average prices for Longboat Key homes have been on the rise in recent years, with a current median price of around $1.2 million. The market is expected to stay strong in the coming years, so those interested in purchasing property in the area should act fast if they find something that meets their needs.

Take a peek at currently available Longboat Key FL real estate for sale.

Population Growth

The Longboat Key population is diversified, consisting not only of long-term residents but also many who are vacationing or renting property on the island. The population in Longboat Key is growing steadily. More and more people are working out of their homes, giving them the freedom to relocate to a destination that previously would have only been attainable after retirement.

Longboat Key is a popular destination for all kinds of people; families with children (the beaches and parks), retirees (the laid-back lifestyle), couples (the romantic atmosphere), and singles (great dating scene).

What does this mean for the Longboat Key, Florida real estate market? It means that there is a good mix of long-term residents and new arrivals, all of whom are interested in buying or renting property on Longboat Key. This has resulted in a hot market and increased prices.

Population and Housing

The population of Longboat Key is around 8,000 people, and the majority of residents (around 73%) are over the age of 45. The island has a high proportion of retirees, which contributes to its relaxed and quiet atmosphere.

The number of households on Longboat Key is also growing, with the current average being around 2.5 people per household. The majority of homes sold are between 40-50 years old.

Average Temperatures

The average monthly temperatures in Longboat Key vary depending on the season. In January, the average temperature is around a comfortable 71 degrees Fahrenheit, while in July it is around 89 degrees Fahrenheit.

During the summer months of June and July, you will experience high humidity levels, so it is important to keep that in mind when choosing to live in Longboat Key year-round.

The average rainfall is around 53 inches a year, most of which falls during the summer months.

Unemployment and Education Stats

The unemployment rate on Longboat Key is currently around 3.1%, which is below Florida’s average of 4.5% and below the national average of 5%.

Longboat Key also has a large population with Bachelor’s degrees or higher at 25%, while 20% have graduate degrees. This contributes to the high median income on the island, which is currently around $78,000.

Transportation and Commute Times

Driving is by far the most popular mode of travel throughout Longboat Key, with many residents commuting by car. The roads are well maintained and fairly easy to navigate, but the longer drive times off the island during high season can often be frustrating.

There are no public transportation systems or airports located within Longboat Key itself. Public transit options are available in surrounding areas, but not on the island.

The Sarasota International Airport is the closest airport option, which is around a 25-minute drive away. Tampa International Airport is also close, just 75 minutes away.

Things to do on Longboat Key

Longboat Key is known for being a very laid-back community with several places to go out and have fun. Fishing is incredibly popular on the island, and there are several local shops that rent equipment.

Deeded beach access points are scattered throughout the island for residents’ use. There are boutique shops and a variety of dining options too.

For a full list of activities, visit our guide on “16 Alluring Things to Do in Longboat Key”.

Pet-Friendly Parks

There are a few pet-friendly parks on Longboat Key. The most popular option is the Bayfront Park, which has a large grassy area for dogs to run around and several benches for owners to relax on.

For a full list of parks on the island, visit our guide on “Dog-Friendly Parks and Beaches.

Hospitals Close to Longboat Key

The nearest hospitals to Longboat Key are the Blake Medical Center and the Sarasota Memorial Hospital.

Blake Medical Center is most convenient to those living on the north end of Longboat Key. It’s a full-service hospital with a 24-hour emergency room, and it offers a wide range of medical services.

Sarasota Memorial Hospital is most convenient to those living on the south end of Longboat Key. It was recently named one of America’s 50 best hospitals for specialized rehabilitation for people recovering from severe injuries and debilitating diseases. It is a full-service hospital with a 24-hour emergency room and a long list of medical services.

Restaurants on Longboat Key

Longboat Key has a wide variety of restaurants to choose from, catering to all kinds of tastes and budgets. There are high-end restaurants serving up exquisite cuisine, as well as casual restaurants for those looking for a quick bite. Some of the most popular restaurants on the island are:

Dockside – Waterfront Grill

Euphemia Haye – Global and American Cuisine

Mar Vista – Waterfront, locally sourced ingredients

The Shore – Waterfront, al-fresco coastal eatery

View our guide to the best restaurants on Longboat Key.

Residents Place of Birth

Born in Longboat Key: 5.46%

Native Born: 85.36%

Foreign-Born: 14.64%

Non-Citizen: 4.42%

Naturalized: 10.22%

85.36% of Longboat Key residents were born in the United States; only 5.46% were born in Florida. 4.42% of residents are not US citizens. The largest percentage of those not born in the United States are from Europe (3.61%).

Crime Rate

The crime rate on Longboat Key is relatively low, with most crimes being property crimes such as burglary or theft. There have been no reported rapes on the island in recent years. Residents of Longboat Key have long benefitted from its low crime rate, making it a great place to buy real estate in Florida.

When you arrive at the island from either end, a sophisticated camera captures an image of each license plate. Cameras in this system are linked to global databases and perform a variety of tasks.

Cameras can tell the time a vehicle is on the island and whether it is passing through or conducting business. The assumption is that if a car plate enters on the north end and 15 minutes later exits at the south, the automobile is making a delivery or picking up someone. The system also is used to alert police of possible criminals or missing persons.

Final Thoughts on Longboat Key

If you’re thinking of buying Longboat Key FL real estate, it’s important to keep these things in mind. Be prepared to pay a higher price tag than you would elsewhere in Florida, and be aware that you may have to do without some of the amenities that you’re used to. However, if you’re looking for a safe place to live with long-term access to the water and good dining options, Longboat Key is a great choice.

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