← Alpha board
gulf access canal · Longboat Key, Manatee County, FL
Longboat Key sub-$1.25M canal-front band (Longbeach Village / Sleepy Lagoon, north key)
discoveredevidence: high
screen
model pb-score-v1
Buy the thin sub-$1.25M distressed/remediated canal inventory on the benchmark island ahead of restored navigable depth — the single biggest value lever for this stock.
Asking price
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Suggested offer
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Do-not-exceed
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Renovation range
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Visible scores — no black box
Asset — quality & scarcity78
Alpha — why the market is wrong75
Operating — durable use / income75
Risk — threats to capital (low is good)47
RealtyFund fit67
Composite71
Thesis
Named catalyst
Town adopted $9M dredge of all 88 canals (July 2026) — first in ~20 years — while storm-remediated canal homes clear at land-value pricing before dredge benefits reprice
Revenue strategy
Buy-rebuild-exit post-dredge
Primary risks
- dredge timeline/permit slippage
- assessment politics could alter scope
- storm-damaged stock carries rebuild-elevation cost uncertainty
Evidence room
| Source | Kind | Retrieved | Link |
|---|---|---|---|
| Longboat Key News | news | 2026-08-01 | open → |
| Your Observer | news | 2026-08-01 | open → |
| BuySarasota Sleepy Lagoon inventory | listing | 2026-08-01 | open → |
Next action
Qualified opportunities advance to RealtyFund diligence. Rehab routes to HomeManager / Handyman / ServiceEscrow; stabilized operations route to PropertyManagement.