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Overview

2 bd2 ba1,326 sqftCondominium
TypeCondominium
Condo dues$1,340/mo
Built1971
Living area1,326 sqft
Price / sqft$321

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Living Room/Dining Room ComboSolid Surface CountersWalk-in Closet(s)Buyer Approval RequiredClubhouseDeed RestrictionsPoolSpecial Community Restrictions

554 Spanish Dr S is a 1971-built home in Spanish Main Yacht Club Condo, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,326 square feet of living space. Listed at $425,000 (about $321/sqft), 7 days on market. Flood zone AE - confirm flood insurance requirements with your lender. Condo dues run $1,340 monthly.

From the listing

Virtually Staged. Welcome to Spanish Main Yacht Club waterfront community and your new home! Light and bright, this stand-alone villa is all new and beautifully updated in 2026. White marble-like large porcelain tile floors that span the entire living area, providing a continuous flow throughout the villa. The new kitchen boasts stainless steel appliances, white quartz countertops, new cabinetry, lighting and more. Attractive updates in the primary en suite bedroom and guest bath as well. A nice added feature is the spacious interior laundry room. Beautiful, lush backyard view with privacy and an extra brick paver side yard and outdoor space. A short stroll to the privately deeded beach entrance to gorgeous Gulf beaches. Two minutes to have your toes in the soft, pearly sand. This is a boater’s paradise with slips available for an extremely inexpensive lease and direct access to Sarasota Bay, the Intracoastal waterway and azure waters of the Gulf. Only a short drive to the fantastic shops, restaurants and cultural events Sarasota and St. Armands Circle have to offer. This is a great investment opportunity and chance to enjoy Longboat Key living. The community is in the build-back stage due to damage from hurricanes in 2024 and is almost complete. All 212 units in Spanish Main are under FEMA requirements, guidelines, and stringent adherence to rebuild specifications and inspections from Town of Longboat Key. This is an opportunity to continue to make this villa your custom home.

The essentials

Built
1971
Price / sqft
$321
On market
7 days
Annual tax
$2,179
Condo dues
$1,340/mo
Flood zone
AE
Type
Condominium

At a glance

Condo
Built 1971
Community pool
Shared amenity
1,326 sqft
Living area

Payment

Est. monthly payment
$3,951/mo
Down payment (20%)
$85,000
Property taxes
$182/mo
Condo dues
$1,340/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1971
Lot
-
Cooling
Central Air
Heating
Electric
Parking
Covered, Driveway, Ground Level
Days on Market
7
Living Room/Dining Room Combo
Solid Surface Counters
Walk-in Closet(s)
Buyer Approval Required
Clubhouse
Deed Restrictions
Pool
Special Community Restrictions
Street Lights
Dishwasher
Disposal
Microwave
Refrigerator
Elementary
Anna Maria Elementary
Middle
Martha B. King Middle
High
Bayshore High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone AE
Annual Tax (2025)
$2,179
Parcel #
7915400001

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Spanish Main Yacht Club Condo
County
Manatee
MLS Area
34228 - Longboat Key
Lot Size
-
Condo dues
$1,340/mo
Shawn Raniere

Price history

Date
Event
Price
10/5/2026
Listed for sale
Source: Stellar MLS #A4708871
$425,000
$321/sqft

Neighborhood

554 Spanish Dr S
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $425,000
$400,000 – $425,000
94.3% – 100% of listTops out right at the list price
80% of listList price
69 of the last 136 condo closings in 34228 landed at this number or higher (51%). The median one sat 86 days before it went under contract, and this one is on day 7.

Sample: 136 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,951/mo
Principal & interest$2,217
Property taxes$182
Insurance$213
HOA$1,340
Down payment20% · $85,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$425,000

$321 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,326 sq ft

Time on market

7 days

Year built

1971

Monthly payment

About $3,951/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,179 annual tax bill, insurance, and $1,340/mo in condo dues.

Condo dues

$1,340/mo

Managed by Shawn Raniere.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byPREMIER SOTHEBY'S INTERNATIONAL REALTYListing agent: Kimberly FreiwaldListing data from Stellar MLS, MLS# A4708871.

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