NOT LISTED FOR SALE

505 Forest Way Longboat Key, FL 34228

Estimated Value: $553,000 - $626,000

2 Beds
2.5 Baths
1,440 Sq Ft
$622/mo HOA Fee

Last Sold March 01, 2019

Last sale price $318,000 $221 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,462/month

22 Days on Market

Highlights

  • Water Access
  • Public Beach
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Heated In Ground Pool
  • View of Trees or Woods

About This Home

As of March 2019

Longboat Key's best value won't last long! Beautifully renovated, this light and bright open-plan townhome features new, high-impact thermal windows and new HardiePlank siding. 2 bedroom, 2 +1/2 bath turn-key furnished. New roof 2014, A/C 2013, appliances, paint, flooring, master bath tile, windows, siding are all new within the last 2 years! Investor Alert! Lease 26 times per year with the lowest condo fees on the Key - 622. Mo. On-site Management, high-demand, high-income vacation rentals already in-place. Stroll along the beach, kayak on the Bay, fish at your dock, swim long laps in the heated, Jr. Olympic-size swimming pool. A pet-friendly community with free bike sharing and 66 acres of nature trails. The over-sized garage has room for a car and kayaks, beach gear, surfboards, fishing tackle and all the toys. Join-in-the-fun if you'd like at the vibrant, active, Cedars Tennis Resort & Club featuring a Cafe and Tiki Bar, 10 tennis courts, full time tennis-pro, planned events & pro shop. The beach, free bike sign-outs, nature-trails, fishing dock, picnic area and heated swimming pool are all included.

Last Agent to Sell the Property

Debra Lichter

SARASOTA BEACH TO BAY INC License #3235801 Listed on: 01/09/2019

Last Buyer's Agent

Johnny Mead

DALTON WADE INC License #3388071

DALTON WADE INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,542

Year Built

  • Built in 1990

Lot Details

  • Public Beach
  • Near Conservation Area
  • End Unit
  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $622 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • Parking Garage Space
  • Open Parking

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Cement Siding
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Inside Utility
  • Ceramic Tile Flooring
  • Views of Woods

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Ventilation

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Water Access
  • Fishing Pier
  • Open Dock
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, ground maintenance, manager, pool maintenance
  • Lighthouse Property Management Association, Phone Number (941) 312-5287
  • Cedars East Community
  • Cedars East Sec Two Condomi Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Pool
  • Fishing
  • Tennis Courts

Pet Policy

  • Pets up to 30 lbs
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,542

Year Built

Built in 1990

Lot Details

0

HOA Fees

$622 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Maintenance Grounds, Manager, Pool Maintenance
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Cement Siding, Stucco
  • Fireplace: No
  • Living Area: 1440
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 1733
  • Lot Size Sq Ft: 91878
  • Directions to Property: 1 Block North of Harry's to Cedars Tennis Resort & Club. Right on Companion Way. First left on Forest Way. First home on your right.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4423350&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4423350&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: Yes
  • Home Warranty Y N: No
  • Property Description: End Unit
  • Ratio: Close Price\List Price: 0.99406
  • Price per Sq Ft: 220.83
  • Close to Original List Price Ratio: 0.99406
  • Ratio: Current Price\Building Area Total: 183.5
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Blinds
  • Street Number Modifier: 505
  • Room Count: 4
  • Additional Rooms: Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground
  • Exterior Features: Lighting, Tennis Court(s)
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Screened
  • Water Access: Beach - Public
  • Water Extras: Dock - Open, Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Guest, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Pool
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management
  • Phone: 941.312.5287
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1866
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 622
  • Amenities Additional Fees: Optional Tennis and Fitness Club available for $2,189 annual fee.
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7464
  • Total Monthly Fees: 622

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927304605
  • Additional Parcels: No
  • Lot Features: Conservation Area
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: HVAC, Windows
  • Green Indoor Air Qlty: Ventilation
  • Green Landscaping: Fl. Friendly/Native Landscape

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 2 Weeks
  • Approval Process: Application
  • Num Timesper Year: 26
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 2 week minimum, 26 times per year.

Tax Info

  • Tax Annual Amount: 3542
  • Tax Book Number: 1279-1906
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2022
Sold by
Charles Price Arthur and Charles Marie Angela
Bought by
Am Gulf Llc
Current Estimated Value
$593,446

Purchase Details

Listed on
Jan 9, 2019
Closed on
Mar 1, 2019
Sold by
505 Forest Llc
Bought by
Price Arthur Charles and Price Angela Marie
Seller's Agent
Debra Lichter
SARASOTA BEACH TO BAY INC
Buyer's Agent
Johnny Mead
DALTON WADE INC
List Price
$319,900
Sold Price
$318,000
Premium/Discount to List
-$1,900
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$238,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2016
Sold by
Richards Deborah D
Bought by
505 Forest Llc

Purchase Details

Listed on
Nov 15, 2013
Closed on
Jan 30, 2014
Sold by
Livin Schaich Karola
Bought by
Richards Deborah D
Seller's Agent
Andrew Bers
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$218,000
Sold Price
$218,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%

Purchase Details

Closed on
Jun 29, 2006
Sold by
Schaich Karola
Bought by
Livin Schaich Karola

Purchase Details

Closed on
Dec 15, 2000
Sold by
Browne Arthur J
Bought by
Schaich Hans Peter and Schaich Karola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Am Gulf Llc $679,000 Integrity Title
Price Arthur Charles $318,000 Attorney
505 Forest Llc $248,000 Fidelity National Title Of F
Richards Deborah D $218,000 Attorney
Livin Schaich Karola -- None Available
Schaich Hans Peter $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Price Arthur Charles $238,500
Previous Owner Schaich Hans Peter $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2019 03/01/19 Sold $318,000 -0.6% $221 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $319,900 0.0% $222 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $319,900 +46.7% $222 / Sq Ft
01/30/2014 01/30/14 Sold $218,000 0.0% $151 / Sq Ft View Prior Sale
01/08/2014 01/08/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $218,000 -- $151 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,441 $207,060 -- $207,060
2024 $8,441 $552,500 -- $552,500
2023 $8,054 $514,250 $0 $514,250
2022 $5,296 $367,500 $0 $367,500
2021 $4,454 $275,000 $0 $275,000
2020 $4,517 $265,000 $0 $265,000
2019 $4,329 $265,000 $0 $265,000
2018 $3,853 $220,000 $0 $0
2017 $3,542 $210,500 $0 $0
2016 $3,249 $187,900 $0 $0
2015 $2,654 $187,900 $0 $0
2014 $2,654 $158,106 $0 $0
2013 $2,561 $153,501 $1 $153,500
Source: Public Records

Agents Affiliated with this Home

  • Debra Lichter

    Seller's Agent in 2019

    Debra Lichter

    SARASOTA BEACH TO BAY INC

    (941) 350-7104

    59 in this area

    73 Total Sales

    Debra Lichter
    Section Image

  • J

    Buyer's Agent in 2019

    Johnny Mead

    DALTON WADE INC

    (727) 914-7878

    10 Total Sales

    Johnny Mead
    Section Image

  • A

    Seller's Agent in 2014

    Andrew Bers

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 302-4400

    6 Total Sales

    Andrew Bers
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4423350

Stellar MLS

APN: 79273-0460-5

Florida Manatee County Longboat Key 34228

505 Forest Way, Longboat Key, FL

This home is located at 505 Forest Way, Longboat Key, FL 34228 since 09 January 2019 and is currently estimated at $593,446, approximately $412 per square foot. This property was built in 1990. 505 Forest Way is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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