NOT LISTED FOR SALE

515 Forest Way Longboat Key, FL 34228

Estimated Value: $863,000 - $1,096,000

3 Beds
2.5 Baths
2,880 Sq Ft
$1,112/mo HOA Fee

Last Sold November 30, 2020

Last sale price $545,000 $189 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $7,133/month

188 Days on Market

Highlights

  • Water Access
  • Public Beach
  • Partial Gulf or Ocean Views
  • Anna Maria Elementary School Rated A-
  • Fishing
  • Deck

About This Home

As of November 2020

Investors take notice!! Tremendous income property. Turnkey furnished and ready for your group (Can sleep 8 comfortably).
Historically, current owner has made $50k to $60k a year and inquiries are coming in for 2021! Rent immediately, or update and flip this spacious 2880 square ft. 3bedroom, 2 1/2 bath with den/study stand alone condo with elevator has room for all. Extra large, light, bright home. One of a select few stand alone condos in Cedars East. Great location on LBK close to restaurants (The Whitney, The Shore, Mar Vista and Harry's), Beaches and stores. Two large screened decks to enjoy the ocean breeze. Partial gulf view to see the waves.

Open Kitchen with two islands provides an exceptional dining /living space, perfect for large gatherings.
Enormous Master suite with ensuite bath includes sunken tub, bidet, spacious shower and two walk in closets. Screen deck with hammock is steps off the Master. Additional well appointed bedrooms are on the top floor. Den/office space on the main level can sleep two more. Two private garages for your vehicles and toys with extra parking spaces available.

Cedars East is well maintained community with heated Junior Olympic swimming pool, fishing pier and walking trails. Recent improvement include Hardi board siding and rebuilt lanai space in 2018. Owners have the option to join the active tennis center with 10 lighted Har-tru courts, cafe , pro-shop and fitness center.

Last Agent to Sell the Property

Anne Friedland

BLUESRQ REAL ESTATE INC License #3371146 Listed on: 04/22/2020

Co-Listed By

Heide Crino

BLUESRQ REAL ESTATE INC License #3463222

Last Buyer's Agent

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES License #3081650

CENTURY 21 BEGGINS ENTERPRISES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,948

Year Built

  • Built in 1989

Lot Details

  • Public Beach
  • South Facing Home

HOA Fees

  • $1,112 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Home Design

  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Cement Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Family Room Off Kitchen
  • Den
  • Partial Bay or Harbor Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Fishing Pier
  • Deck
  • Screened Patio
  • Rain Gutters

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, pest control, pool maintenance, recreational facilities, trash
  • Lighthouse Property Management/Heather Hill Association, Phone Number (941) 460-5560
  • Cedars East Community
  • Cedars East Sec Two Condomi Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Pet Policy

  • 2 Pets Allowed
  • Extra large pets allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,948

Year Built

Built in 1989

Lot Details

0

HOA Fees

$1,112 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pest Control, Pool Maintenance, Recreational Facilities, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Cement Siding
  • Fireplace: Yes
  • Living Area: 2880
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 4536
  • Directions to Property: North on Gulf of Mexico Dr. Turn right on Companion Way. First left on Forest Way. 515 is straight ahead.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4465231?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4465231?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: Yes
  • Ratio: Close Price\List Price: 0.97496
  • Price per Sq Ft: 189.24
  • Close to Original List Price Ratio: 0.90985
  • Ratio: Current Price\Building Area Total: 120.15
  • View: No
  • Co List Office Mls Id: 281530657
  • Co List Office Phone: 941-809-0454
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Elevator, High Ceiling(s), Kitchen/Family Room Combo, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Stories: 3
  • Street Number Modifier: 515
  • Room Count: 8
  • Additional Rooms: Den/Library/Office
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: Rain Gutters, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Screened
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Public
  • Water Extras: Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Public
  • Cooling: Central Air, Zoned
  • Heating: Heat Pump
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Pool, Tennis Courts
  • Association Amenities: Other, Pool
  • Association Fee Frequency: Monthly
  • Association Name: Lighthouse Property Management/Heather Hill
  • Phone: 941-460-5560;315
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 3336
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1112
  • Amenities Additional Fees: Tennis Club membership is optional and has additional fees. See attachments.
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 13344
  • Total Monthly Fees: 1112

Schools

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

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927304878
  • Additional Parcels: No
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 2 Weeks
  • Approval Process: Please refer to condo documents.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 2weeks.

Tax Info

  • Tax Annual Amount: 7947.78
  • Tax Book Number: 1279-1906
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Nov 13, 2020
Sold by
Cedars Forest Llc
Bought by
Cherrington Graham and Cherrington Lynne
Seller's Agent
Anne Friedland
BLUESRQ REAL ESTATE INC
Buyer's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
List Price
$599,000
Sold Price
$545,000
Premium/Discount to List
-$54,000
-9.02%
Current Estimated Value
$954,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,681
Avg. Annual Appreciation
12.12%

Purchase Details

Closed on
Dec 31, 2007
Sold by
Baldinger Philip J
Bought by
Cedars Forest Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Niemann Nicky D and Wenas Nina
Bought by
Baldinger Enterprise Llc

Purchase Details

Closed on
Dec 1, 2003
Sold by
Wenas Nina
Bought by
Niemann Nicky D

Purchase Details

Closed on
Jun 19, 1996
Sold by
Canada Inc
Bought by
Wenas Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Cherrington Graham $545,000 Properties Title Llc
Cedars Forest Llc -- Attorney
Baldinger Philip J -- Attorney
Baldinger Enterprise Llc $595,000 Sunbelt Title Agency
Niemann Nicky D -- --
Wenas Nina $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wenas Nina $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2020 11/30/20 Sold $545,000 -2.5% $189 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
10/19/2020 10/19/20 Price Changed $559,000 -4.4% $194 / Sq Ft
06/18/2020 06/18/20 Price Changed $585,000 -2.3% $203 / Sq Ft
04/22/2020 04/22/20 For Sale $599,000 -- $208 / 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 $11,699 $348,551 -- $348,551
2024 $11,699 $935,000 -- $935,000
2023 $11,074 $875,500 $0 $875,500
2022 $9,105 $624,750 $0 $624,750
2021 $7,685 $470,000 $0 $470,000
2020 $8,309 $485,000 $0 $485,000
2019 $7,948 $485,000 $0 $485,000
2018 $7,057 $400,000 $0 $0
2017 $6,057 $369,000 $0 $0
2016 $5,715 $339,900 $0 $0
2015 $4,841 $339,900 $0 $0
2014 $4,841 $288,401 $0 $0
2013 $4,672 $280,001 $1 $280,000
Source: Public Records

Agents Affiliated with this Home

  • Anne Friedland

    Seller's Agent in 2020

    Anne Friedland

    BLUESRQ REAL ESTATE INC

    (941) 894-7248

    2 in this area

    68 Total Sales

    Anne Friedland
    Section Image

  • H

    Seller Co-Listing Agent in 2020

    Heide Crino

    BLUESRQ REAL ESTATE INC

    (941) 809-0454

    1 in this area

    16 Total Sales

    Heide Crino
    Section Image
  • Jesse Griffin

    Buyer's Agent in 2020

    Jesse Griffin

    CENTURY 21 BEGGINS ENTERPRISES

    (941) 822-6165

    55 in this area

    79 Total Sales

    Jesse Griffin
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4465231

Stellar MLS

APN: 79273-0487-8

Florida Manatee County Longboat Key 34228

515 Forest Way, Longboat Key, FL

This home is located at 515 Forest Way, Longboat Key, FL 34228 since 22 April 2020 and is currently estimated at $954,681, approximately $331 per square foot. This property was built in 1989. 515 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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