NOT LISTED FOR SALE

507 Forest Way Longboat Key, FL 34228

Estimated Value: $548,000 - $626,000

2 Beds
2.5 Baths
1,440 Sq Ft
$406/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $610,000 $424 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,587/month

143 Days on Market

Highlights

  • 515 Feet of Bay Harbor Waterfront
  • Fishing Pier
  • View of Trees or Woods
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of August 2024

One of the best opportunities on longboat key is now back available.
This stunning townhome is located in the sought-after Cedars East Tennis & Fitness Resort on the beautiful Longboat Key. This townhome has been beautifully remodeled and is move-in ready, making it an actual must-see property. It is offered turnkey furnished (excluding a few personal items), providing a hassle-free move for the new owner. With 2 bedrooms and 2.5 bathrooms, high ceilings, open floor plan, there is plenty of space for comfortable living. High-impact windows and exterior hardi board siding have been completed by the long-time sellers. Both ACs have been replaced and updated. Gorgeous interior with upgraded flooring throughout. The Kitchen is stunning and very recently completed with its White cabinets, quartz tops, higher-end appliances, and tasteful backsplash. All three restrooms have also been upgraded and remodeled. The master bath boasts a glass walk-in shower with beautiful tile work and updated dual vanities. The Lanai is a special place in this location. Private and wooded native landscape views put you in that island state of mind. With the open plan and high ceiling tropical foliage can be seen throughout the living area. The oversized garage with space for 2 cars is a great feature, providing ample storage and parking. This townhome is an ideal choice for anyone looking for a stylish and comfortable property in a desirable LBK location. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach and bay on the beautiful north end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop, 24hr Fitness Center, Tiki bar, Restaurant, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft, and of course Longboat Key's world-famous sugary white sand beaches. Close to other main attractions and cultural events, e.g., St. Armand’s Circle - famous for world-class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design is perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with a convenient 2-week minimum rental policy w/in the community. Cedars is also a large pet-friendly community!! Finally, the sellers are offering completely turn-key furnished (Excluding limited personal tenant items) to make your move seamless so, as you can see, what a property for your new beach residence.

Last Agent to Sell the Property

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES Brokerage Phone: 941-387-8888 License #3081650 Listed on: 02/12/2024

CENTURY 21 BEGGINS ENTERPRISES

Last Buyer's Agent

Pam Bailey

COLDWELL BANKER REALTY License #3435037

COLDWELL BANKER REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,667

Year Built

  • Built in 1990

Lot Details

  • 515 Feet of Bay Harbor Waterfront
  • Cul-De-Sac
  • Street terminates at a dead end
  • West Facing Home
  • Masonry wall
  • Mature Landscaping
  • Irrigation
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $905 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Ground Level Parking
  • Tandem Parking
  • Driveway

Home Design

  • Elevated Home
  • Slab Foundation
  • Shingle Roof
  • Cement Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Partially Furnished
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Family Room Off Kitchen
  • Storage Room
  • Inside Utility
  • Views of Woods

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Fishing Pier
  • Access to Bay or Harbor
  • Property is near a marina
  • Dock made with Composite Material
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Property is near public transit

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, maintenance structure, ground maintenance, maintenance, management, private road, sewer, trash, water
  • Cedars East Association
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions

Amenities

  • Restaurant
  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Large pets allowed

Security

  • High Impact Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,667

Year Built

Built in 1990

Lot Details

0

HOA Fees

$905 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Townhouse
  • Architectural Style: Elevated
  • Construction Materials: Block, Cement Siding, Stucco
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 2268
  • Directions to Property: Gulf of Mexico to East on Companion Way to North on Forest Way. Property third unit on right .
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1055181
  • Minimum Lease: 2 Weeks
  • RATIO Current Price By Calculate: 423.61
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Elevated
  • Amenities Additional Fees: Membership to the cedars tennis and fitness is required for use of Tennis Court, Club Room, Gym and Restaurant. There are different package. See www.CedarsTennisResort.com for details.
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Fishing,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-387-8888
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds, Drapes, Impact Glass/Storm Windows
  • Street Number Modifier: 507
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 133.78
  • Room Count: 5

Exterior Features

  • Direction Faces: West
  • Exterior Features: Irrigation System, Lighting, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 515
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0291F
  • Additional Water Information: Private community beach, kayak launch and fishing pier on Sarasota Bay
  • Water Frontage Feet Bay Harbor: 515

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Ground Level, Oversized, Tandem

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Pool, Restaurant, Special Community Restrictions, Tennis Courts
  • Association Amenities: Cable TV, Pool
  • Association Fee: 2715
  • Association Fee Frequency: Quarterly
  • Association Name: Cedars East
  • Association: Yes
  • Security: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Breed Restrictions Buyer/Buyer's agent to verify
  • Association Fee Requirement: Required
  • Building Name Number: N/A
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Pet Size: Large (61-100 Lbs.)

Fee Information

  • Total Annual Fees: 10860.00
  • Total Monthly Fees: 905.00
  • Monthly HOA Amount: 905.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: LBK_R-3MX
  • Parcel Number: 7927304654
  • Additional Parcels: No
  • Fencing: Masonry
  • Lot Features: Cul-De-Sac, City Limits, Landscaped, Near Marina, Near Public Transit, Sidewalk, Street Dead-End, Private
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 0

Rental Info

  • Furnished: Partially
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer/Buyer's agent to verify
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 6667
  • Tax Book Number: 1279-1906
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Bay/Harbor
  • Approval Process: Buyer/Buyer's agent to verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Aug 7, 2024
Sold by
Burns Sandra and Burns Sarah
Bought by
507 Forrest Way Llc
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Pam Bailey
COLDWELL BANKER REALTY
List Price
$669,500
Sold Price
$610,000
Premium/Discount to List
-$59,500
-8.89%
Views
21
Current Estimated Value
$585,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,752
Avg. Annual Appreciation
-3.39%

Purchase Details

Closed on
Nov 22, 2021
Sold by
Burns Sandra
Bought by
Burns Sandra and Burns Sarah
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
507 Forrest Way Llc $610,000 None Listed On Document
Burns Sandra -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2024 08/12/24 Sold $610,000 -6.0% $424 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $649,000 -3.1% $451 / Sq Ft
04/22/2024 04/22/24 Price Changed $669,500 0.0% $465 / Sq Ft
04/22/2024 04/22/24 For Sale $669,500 -3.7% $465 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $695,000 -- $483 / 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 $7,054 $207,060 -- $207,060
2024 $7,054 $552,500 -- $552,500
2023 $6,667 $514,250 $0 $514,250
2022 $5,515 $367,500 $0 $367,500
2021 $4,665 $275,000 $0 $275,000
2020 $4,736 $265,000 $0 $265,000
2019 $4,548 $265,000 $0 $265,000
2018 $4,070 $220,000 $0 $0
2017 $3,507 $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

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Map

Source: Stellar MLS

MLS Number: A4599448

Stellar MLS

APN: 79273-0465-4