Neighborhood · Longboat Key, Florida
Sleepy Lagoon
Waterfront living at the north end of the key
14
Homes for sale
$2,997,500
Median list price
$1,179
Avg price / sqft
133
Median days on market
Sleepy Lagoon sits at the quieter north end of Longboat Key, a low-key pocket of waterfront homes where boat docks and pool decks matter more than gated entrances or golf. Of the 15 homes on the market here, 13 are waterfront and 14 have pools — this is a neighborhood built around the water, close to established communities like Long Beach and Country Club Shores. It's the kind of place where you keep a boat behind the house and treat the Gulf as your backyard.
For a buyer today, this is a high-end, patient market. The median list price is right at $3 million, with homes ranging from $1.175M up to $15M, and they're averaging 131 days on market before selling — so there's room to negotiate, evidenced by sellers netting about 92% of asking. Compared to nearby Emerald Harbor and Dream Island, Sleepy Lagoon offers the same waterfront character with a smaller, tighter inventory to work through.
Sleepy Lagoon is a community in Longboat Key, Florida.
Quick facts
$1,175,000 – $15M price range
3,321 sqft median home
$3/mo median HOA
$4,800/mo median rent
13 sold in 12 months
Drive times
On the market now
Homes for sale in Sleepy Lagoon
View all 14 →
$4,000,000
592 JUAN ANASCO DRIVE, LONGBOAT KEY
5 bd · 5.5 ba · 3,600 sqft
$2,850,000
640 LYONS LANE, LONGBOAT KEY
4 bd · 4.5 ba · 2,930 sqft
$2,999,999
614 NORTON STREET, LONGBOAT KEY
6 bd · 5.5 ba · 4,676 sqft
$1,175,000
616 LYONS LANE, LONGBOAT KEY
2 bd · 2.5 ba · 1,755 sqft
$1,895,000
523 JUAN ANASCO DRIVE, LONGBOAT KEY
4 bd · 3 ba · 2,899 sqft
$2,995,000$3,250,000
501 NORTON STREET, LONGBOAT KEY
5 bd · 3 ba · 3,042 sqft
$2,500,000
771 MARBURY LANE, LONGBOAT KEY
5 bd · 4 ba · 3,016 sqft
$1,295,000
550 DE NARVAEZ DRIVE, LONGBOAT KEY
3 bd · 2 ba · 1,758 sqft
$13,995,000$14,995,000
6489 GULFSIDE ROAD, LONGBOAT KEY
4 bd · 4.5 ba · 6,616 sqft
$1,700,000
569 JUAN ANASCO DRIVE, LONGBOAT KEY
3 bd · 4 ba · 2,804 sqft
$4,295,000$4,495,000
530 DE NARVAEZ DRIVE, LONGBOAT KEY
6 bd · 5 ba · 4,106 sqft
$4,695,000$4,850,000
569 BAYVIEW DRIVE, LONGBOAT KEY
6 bd · 5 ba · 4,106 sqft
Every active listing inside the Sleepy Lagoon boundary
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Browse Sleepy Lagoon
By feature — on the live map
Where the market lives
The numbers that matter
The Sleepy Lagoon market
13
Sold, last 12 months
$2,275,000
Median sold price
92%
Sale-to-list ratio
What sellers actually get vs asking
72 days
Median time to sell
Sleepy Lagoon vs Longboat Key
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 4.6% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Sleepy Lagoon boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Sleepy Lagoon is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Sleepy Lagoon home
≈ $17,773/mo
$2,997,500 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$3/mo
Median HOA
From current listings inside the boundary
$4,800/mo
Median rent
Homes for rent inside the boundary
Population
437
Median age
68
Median income
$130,791
Median home value
$816,296
Beyond the listings
Living in Sleepy Lagoon
Hobbies & Interests
Top 7% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Culture
Top 9% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Lifestyles
Top 17% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Hobbies & Interests
Top 19% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Appearance oriented
Top 19% in the U.S.Trend Trackers
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
Relationships
Top 20% in the U.S.Love & Romance
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Straight answers
Sleepy Lagoon FAQs
Is Sleepy Lagoon a good place to live?+
If you want waterfront life on the quieter north end of Longboat Key, it's a strong fit — 13 of 15 homes are on the water and 14 have pools. It sits near established communities like Long Beach, and it's roughly 75 minutes to downtown Tampa when you need the city. This is a boating-and-pool neighborhood, not a golf or gated one.
Is Sleepy Lagoon expensive?+
Yes — it's a premium waterfront market where every one of the 15 active listings is priced above $1 million. The median list price is right at $3 million, and homes average $1,161 per square foot. Budget accordingly, though the 131-day median market time gives buyers leverage.
What do homes cost in Sleepy Lagoon?+
Active listings range from $1,175,000 to $15,000,000, with a median list price of $2,999,999 on a median home size of 3,600 square feet. Over the last 12 months, 13 homes sold at a median of $2,275,000. Compare with nearby Country Club Shores to see where your budget stretches furthest.
How is the market in Sleepy Lagoon?+
It's a slower, high-value market with 15 homes active and 13 sold over the past year. Homes take a median of 131 days to sell and sellers are getting about 92% of asking, so there's genuine room to negotiate. Six new-construction listings add choice for buyers who want modern builds.
What about HOA fees and property taxes?+
HOA costs here are minimal — a median of just $3 a month, so you're largely free of association overhead. Property taxes are the bigger line item, with a median around $20,291 a year, which reflects the waterfront values in the neighborhood.
Keep exploring
More Longboat Key neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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