511 Forest Way Longboat Key, FL 34228
Longboat Key Neighborhood
2
Beds
2.5
Baths
1,440
Sq Ft
$906/mo
HOA Fee
Highlights
- 515 Feet of Bay Harbor Waterfront
- Fishing Pier
- Heated In Ground Pool
- Anna Maria Elementary School Rated A-
- Fitness Center
- View of Trees or Woods
About This Home
As of November 2024New Opportunity, Here Now! Walk right into instant income with appx $40k on the books for future seasonal rental. A beautifully maintained Townhome in Cedars East Fitness & Tennis Resort. Ideally, it is located in a private location of Cedars East. Easy access to our island's long walking/bike path with easy access to one of our best beach accesses. End unit with enchanting tropical foliage views and war, southern exposure light from almost every window. Excellent price positioning on this particular location. The open, spacious, private light combined with the tropical foliage will absolutely put you in that relaxed island-life state of mind. This beautiful home, with its high ceilings and open flowing floor plan, features an open kitchen with the snack bar leading right into the dining and family room, giving you an open and spacious living area. This home has gorgeous colors and materials throughout the entire interior. Ceramic tile through the whole first floor. The kitchen offers updated countertops, cabinets, and appliances. The primary bedroom is oversized with a wall of windows offering those wooded views of our tropical island foliage. The Master bathroom is large with his and her vanities. Lanai off the family room is a peaceful oasis surrounded by an island landscape and complete privacy. The exterior was resided w/ maintenance-free Hardi Board Siding along w/ newer windowswhere installed. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. Additional recent improvements include new AC condensers on both machines. 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 additional 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. Current seller has multiple repeat clients that would be interested in rebooking in the future and excellent future bookings, projections and rental history to share. Cedars is also a pet-friendly community!! Finally, the sellers are offering completely turn-key furnished (Excluding very limited personal 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
CENTURY 21 BEGGINS ENTERPRISES Brokerage Phone: 941-387-8888 License #3081650
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $6,667
Year Built
- Built in 1990
Lot Details
- 515 Feet of Bay Harbor Waterfront
- Near Conservation Area
- Cul-De-Sac
- Street terminates at a dead end
- West Facing Home
- Masonry wall
- Mature Landscaping
- Wooded Lot
- Landscaped with Trees
HOA Fees
- $906 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Oversized Parking
- Ground Level Parking
Home Design
- Traditional Architecture
- Elevated Home
- Tri-Level Property
- Turnkey
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Concrete Siding
- Cement Siding
- Block Exterior
Interior Spaces
- 1,440 Sq Ft Home
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Blinds
- Drapes & Rods
- Family Room Off Kitchen
- Combination Dining and Living Room
- Storage Room
- Inside Utility
- Views of Woods
Kitchen
- Range
- Microwave
- Dishwasher
- Stone Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Dual Closets
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
Pool
- Heated In Ground Pool
- Gunite Pool
Outdoor Features
- Fishing Pier
- Access to Bay or Harbor
- Property is near a marina
- Deck
- Screened Patio
- Rear Porch
Schools
- Anna Maria Elementary School
- Martha B. King Middle School
- Bayshore High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 9
- Assessor Parcel Number 7927304753
Community Details
Overview
- Association fees include cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, private road, sewer, trash, water
- Cedars East Association
- Cedars East Community
- Cedars East Sec 2 Subdivision
- 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
- Pets Allowed
Security
- High Impact Windows
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Nov 5, 2024
Sold by
Richards Deborah D
Bought by
Vangellow David
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Jennifer Kenna
EXP REALTY LLC
List Price
$695,000
Sold Price
$639,184
Premium/Discount to List
-$55,816
-8.03%
Total Days on Market
117
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,176
Avg. Annual Appreciation
1.90%
Original Mortgage
$511,347
Outstanding Balance
$508,652
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$136,708
Purchase Details
Listed on
Jul 6, 2017
Closed on
Jun 29, 2018
Sold by
Goodman Nancy R and Goodman Louis W
Bought by
Richards Deborah D
Seller's Agent
Roger Pettingell
COLDWELL BANKER REALTY
Buyer's Agent
David Lehrman
THE SARASOTA REAL ESTATE COMP.
List Price
$389,000
Sold Price
$329,000
Premium/Discount to List
-$60,000
-15.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Purchase Details
Closed on
Jul 10, 2014
Sold by
Goodman Nancy
Bought by
Goodman Nancy R and Goodman Louis W
Purchase Details
Closed on
Jan 29, 2001
Sold by
Picard Mary A
Bought by
Goodman Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 12, 1999
Sold by
Meyer Paulette L
Bought by
Picard Mary Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 15, 1997
Sold by
Ochiai Michael and Ochiai Toyoko
Bought by
Meyer Paulette L
Map
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Similar Homes in Longboat Key, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $639,200 | Cla Title & Escrow | |
| Warranty Deed | $319,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $210,000 | -- | |
| Warranty Deed | $179,000 | -- | |
| Warranty Deed | $179,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $511,347 | New Conventional | |
| Previous Owner | $168,000 | Purchase Money Mortgage | |
| Previous Owner | $140,200 | New Conventional | |
| Previous Owner | $161,100 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/05/2024 11/05/24 | Sold | $639,184 | -4.6% | $444 / Sq Ft |
| 09/05/2024 09/05/24 | Pending | -- | -- | -- |
| 07/25/2024 07/25/24 | Price Changed | $670,000 | -3.6% | $465 / Sq Ft |
| 05/10/2024 05/10/24 | For Sale | $695,000 | +111.2% | $483 / Sq Ft |
| 06/29/2018 06/29/18 | Sold | $329,000 | -5.7% | $228 / Sq Ft |
| 04/16/2018 04/16/18 | Pending | -- | -- | -- |
| 01/11/2018 01/11/18 | Price Changed | $349,000 | -10.3% | $242 / Sq Ft |
| 07/06/2017 07/06/17 | For Sale | $389,000 | -- | $270 / Sq Ft |
Source: Stellar MLS
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 |
|---|---|---|---|---|
| 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 | $4,761 | $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
Source: Stellar MLS
MLS Number: A4610363
APN: 79273-0475-3
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