711 Old Compass RoadNew Construction Home in Longboat Key, FL
Longboat Key, FL 34228 · Manatee County
$6,495,000
$6,950,000
$1520/sq ft
Photos of 711 Old Compass Road
1 / 30Who is building this home?
This home is listed as built by MG Construction. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
This spectacular waterfront pool home was just completed in 2026 and is built with uncompromising craftsmanship and every attention to detail. A West Indies-inspired residence in the coveted neighborhood of Emerald Harbor on Longboat Key, it offers expansive water views from every room of the wide canal and Harris Bayou, granting easy access to the intracoastal waterway and the Gulf of Mexico. Walls of glass open to covered porches with remote screens that allow for easy indoor-outdoor living. Features include an incredible chef's kitchen with high-end appliances and a totally separate prep kitchen; Of the 4 bedrooms, there are two primary suites, and all of them have their own stunning en-suites. Each one has access to a covered balcony and all have those stunning water views; A fire pit, private dock, outdoor shower and pool bath, plus deeded beach access complete the Longboat Key lifestyle. Every luxury amenity expected in a home of this caliber makes this a truly special offering.
Home details and costs
- MLS number
- A4699408
- Property type
- Single Family Residence
- Build stage
- Move-In Ready
- Builder
- MG Construction
- Heated square feet
- 4,274 sq ft
- Total under roof
- 6,574 sq ft
- Stories
- 2 Story
- Lot size
- 0.36 acres
- Subdivision
- Emerald Harbor
- HOA fee
- $750/yr
- Annual property tax
- $10,070 (current assessment)
- Days on market
- 75 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$49,380
$649,500 down (10%) on a $5,845,500 loan
- Principal and interest
- $36,948
- Property tax (estimated)
- $9,668
- Homeowners insurance
- $267
- HOA
- $63
- PMI (under 20% down)
- $2,436
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $10,070 a year, while taxing this purchase price works out closer to $116,010. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 75 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Reduced $455,000 (7%)Worth knowing
Originally listed at $6,950,000. A builder that has already cut once has acknowledged the first number did not work. That is a different conversation than one who has never moved.
Finished and standingWorth knowing
A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Assigned schools
- Elementary
- Anna Maria Elementary
- Middle
- Martha B. King Middle
- High
- Bayshore High
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Virtual tour
View the virtual tour for 711 Old Compass Road→Other new construction homes in Longboat Key
Listed by Michael Saunders & Company. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 711 Old Compass Road, Longboat Key, FL 34228 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.