749 Penfield StreetLongboat Key, FL 34228Sale Price: $917,000

An extraordinary opportunity awaits the next visionary owner of this spacious waterfront Mediterranean-style home. Whether you choose to renovate the current home or build your new dream home, it is ideally located on a wide canal with no fixed bridges to the Gulf of Mexico. A day out on the water is right out of your back door! It is just a short stroll to the pristine beach in the highly desirable north end of Longboat Key. This is where luxury living meets the relaxed charm of coastal living. The home was damaged in the storms but was remediated and drywall was replaced. It will need flooring, a new kitchen and two bathrooms, but it features 3 bedrooms and 3 baths, and offers abundant space to recreate your perfect waterfront retreat. A distinctive arched entryway welcomes you to a private front courtyard. Upon entering through the beautifully carved wooden door, you are greeted by an abundance of natural light that highlights the unique architectural details, with a scenic view of the sparkling canal beyond. The first floor hosts a spacious open plan living and dining area, the kitchen, two bedrooms, and two bathrooms, along with a large utility room that could easily serve as a fourth bedroom or additional living space. A grand staircase leads to the primary bedroom, which boasts a luxurious marble ensuite with a jacuzzi tub and breathtaking views of the canal below. This exceptional room features a cathedral ceiling with exposed wooden beams, a gorgeous oak floor with intricate inlays, a wood-burning fireplace, and a balcony overlooking the private courtyard. It is a true sanctuary that could easily be transformed into a second expansive living area. Close to multiple restaurants, the fabulous St.Regis Resort and the world renowned St. Armands Circle…..and just a couple of bridges away from the cultural epicenter of downtown Sarasota……this is a rare offering to come and make your own!