Neighborhood · Longboat Key, Florida
Sleepy Lagoon
Waterfront living on the quiet north end of the key
11
Homes for sale
$2,850,000
Median list price
$1,049
Avg price / sqft
207
Median days on market
Sleepy Lagoon sits near the north end of Longboat Key, where the pace slows down and the water is never far from your back door. Of the 11 homes on the market here, nine are waterfront and ten come with a pool — this is a neighborhood built around boats, docks, and Gulf-side afternoons. It shares the barrier-island character of nearby Long Beach and Emerald Harbor, with the same easy access to the water and none of the crowds.
For a buyer today, this is firmly a luxury market: the median list price is right at $2,999,999, and everything currently active is priced above $1M. Homes here take their time — the median listing sits 162 days before selling, and over the past year sellers collected about 92% of asking. That gap between list and sold price is real negotiating room, and it rewards buyers who know the broader Longboat Key market and can move with patience. If you want to compare, Country Club Shores offers a similar waterfront profile a bit farther south.
Sleepy Lagoon is a community in Longboat Key, Florida.
Quick facts
$1,275,000 – $14M price range
3,355 sqft median home
$3/mo median HOA
$8,400/mo median rent
16 sold in 12 months
Drive times
On the market now
Homes for sale in Sleepy Lagoon
$4,000,000
592 JUAN ANASCO DRIVE, LONGBOAT KEY
5 bd · 5.5 ba · 3,600 sqft
$3,495,000
795 MARBURY LANE, LONGBOAT KEY
5 bd · 3 ba · 3,355 sqft
$2,794,900$2,999,999
614 NORTON STREET, LONGBOAT KEY
6 bd · 5.5 ba · 4,676 sqft
$1,690,000$1,895,000
523 JUAN ANASCO DRIVE, LONGBOAT KEY
4 bd · 3 ba · 2,899 sqft
$2,500,000
771 MARBURY LANE, LONGBOAT KEY
5 bd · 4 ba · 3,016 sqft
$1,275,000$1,295,000
550 DE NARVAEZ DRIVE, LONGBOAT KEY
3 bd · 2 ba · 1,758 sqft
$2,850,000
640 LYONS LANE, LONGBOAT KEY
4 bd · 4.5 ba · 3,030 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
$8,925,000
630 DE NARVAEZ DRIVE, LONGBOAT KEY
5 bd · 5.5 ba · 4,591 sqft
Every active listing inside the Sleepy Lagoon boundary
Open full map search →Find your fit
Browse Sleepy Lagoon
By feature — on the live map
Where the market lives
The numbers that matter
The Sleepy Lagoon market
16
Sold, last 12 months
$1,607,500
Median sold price
92%
Sale-to-list ratio
What sellers actually get vs asking
85 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
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
≈ $17,072/mo
$2,850,000 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
$8,400/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?+
It's a quiet, water-focused pocket of Longboat Key where nine of eleven active homes sit on the water and ten have pools. Assigned schools include Anna Maria Elementary, Martha B. King Middle, and Bayshore High. If you want island calm with easy boat access, it delivers — and nearby Rauch offers a comparable feel.
Is Sleepy Lagoon expensive?+
Yes — this is a luxury market where all 11 active listings are priced above $1M. The median list price is $2,999,999, with active homes ranging from $1,175,000 to $15,000,000. Buyers should expect Longboat Key waterfront pricing.
What do homes cost in Sleepy Lagoon?+
The median list price is $2,999,999, and the average price runs about $1,218 per square foot on a median home size of 3,600 square feet. Over the past 12 months, 14 homes sold at a median price of $1,972,500. That spread between list and sold reflects real negotiating room.
How is the market in Sleepy Lagoon?+
It moves slowly and favors patient buyers — the median home sits 162 days on market before selling. Sellers averaged about 92% of asking over the last year, and four of the current listings are new construction. With only 11 homes active, inventory is tight but negotiable.
What about HOA fees and property taxes?+
HOA costs are minimal here, with a median of just $3 a month — none of the active homes sit in gated or golf communities. Property taxes are the bigger line item, at a median of $22,111 a year, consistent with the neighborhood's high property values.
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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