Single Family Residence at 550 NORTON ST, LONGBOAT KEY
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$2,499,000

550 NORTON ST
LONGBOAT KEY, FL 34228
Listed by Bruce Myer · COLDWELL BANKER REALTY
Bedrooms
3
Bathrooms
3.5
Living area
3,453 sqft
Year built
2002

About this home

Discover waterfront living in the sought-after Sleepy Lagoon neighborhood of Longboat Key, where distinctive architecture, beautifully appointed interiors and deeded beach access create an exceptional island lifestyle. Offering 3 bedrooms, 3.5 baths and approximately 3,453 sq. ft., this canal-front residence makes a striking impression with its metal roof, circular paver driveway, columned entrance and lush tropical landscaping. Inside, soaring ceilings with exposed beams and plank detailing, rich bamboo flooring, custom built-ins and a fireplace define the spacious great room. Expansive glass sliders open to a generous screened balcony featuring retractable awnings, an outdoor grill and ample space for dining and relaxing. The updated kitchen combines rich wood cabinetry, stainless steel accents, stone and steel countertops, quality appliances, a center island, oversized breakfast bar and wine refrigerator. Upstairs, the primary suite offers vaulted ceilings, a private rooftop terrace, an expansive custom walk-in closet and a dedicated office with built-ins. The beautifully appointed primary bath features dual vanities, a freestanding soaking tub and an oversized shower with multiple showerheads. Additional bedrooms provide comfortable accommodations, while the lower level offers flexible bonus space for recreation and guests. Outdoor living continues within a dramatic two-story screened enclosure featuring a swimming pool, spillover spa, covered lounge and poolside wet bar. A landscaped walkway leads to the private dock and boat lift along the navigable canal. Just approximately three blocks from deeded neighborhood beach access, and conveniently located near St. Armands Circle and downtown Sarasota, this exceptional residence offers the best of Longboat Key living, from boating and entertaining to relaxing on the Gulf's beautiful beaches.

Highlights

WaterfrontPrivate poolFireplace

Property details

MLS
Stellar MLS
MLS #
MFRA4707951
Property type
Single Family Residence
Subdivision
SLEEPY LAGOON PARK 2
Status
Active
Days on market
1
On market date
October 20, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.23 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
SEA BREEZE ELEMENTARY SCHOOL
3.9 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
533
Student:teacher ratio
14.4:1
District
MANATEE
Middle
W. D. SUGG MIDDLE SCHOOL
4.39 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,016
Student:teacher ratio
17.2:1
District
MANATEE
High
BAYSHORE HIGH SCHOOL
5.02 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,385
Student:teacher ratio
19.2:1
District
MANATEE

Walkability

Blended score for LONGBOAT KEY's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

45
Somewhat walkable
out of 100
EPA National Walkability Index
10.2 / 20 -- Below average walkable
Google Places amenity density
35 / 100
Restaurants & cafes6
Grocery stores0
Parks4
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in LONGBOAT KEY, from live MLS data.

On the market 1 days -- 257 fewer days than LONGBOAT KEY's current average of 258 days.
For reference, the median list price across 530 active listings in LONGBOAT KEY right now is $616,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$15,199/mo
$499,800 down
$1,999,200 loan
Principal & interest$12,967
Property tax (est.)$2,083
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 17 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.