NOT LISTED FOR SALE

525 Forest Way Longboat Key, FL 34228

Estimated Value: $539,000 - $642,247

2 Beds
2.5 Baths
1,440 Sq Ft
$411/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $520,000 $361 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,292/month

3 Days on Market

Highlights

  • Fishing
  • Partial Gulf or Ocean Views
  • Community Pool
  • Anna Maria Elementary School Rated A-
  • Stone Countertops
  • Tennis Courts

About This Home

As of December 2021

This absolutely beautiful updated townhome is located in one of the most desirable areas of LongBoat Key. This home is light, bright and cheerful with a sneak peek of the Gulf. As this home faces West, you can watch the sun go down from the secondary bedroom. This serene & tranquil complex features a large heated pool, a private bay side fishing pier, kayak launch, lighted boardwalks through the mangroves and a tennis/fitness resort available for an additional fee. This townhome has NEVER been a rental, however, this is one of the few on the island that allows a 2 week term rental with an on-site rental program. New Carpet, New Luxury Vinyl Plank Flooring, Hurricane Impact Windows, Newly Updated Kitchen Cabinets, New Screening and your Patio refurbished, Newer AC's and Hot Water Heater. Both bathrooms have been remodeled, Granite Countertops, A 30ft oversized garage with ample storage for all your beach and bay toys! This unit has Hardi-Plank siding to withstand any type of Florida weather. This is what you are looking for to have complete maintenance FREE living with a Socially Active Association. Furnishings are negotiable. This home could be an Investors Dream, Your Retirement Dream Come True or that 2nd home to escape the hard winters up north. Don't Delay to view this home - Because your competition wont! Be Sure to click on the Virtual Walk through link to capture the true ambiance of this Island Home.

Last Agent to Sell the Property

Brigittia Nickel-Long

FLORIDA EXECUTIVE REALTY License #3324185 Listed on: 11/11/2021

Last Buyer's Agent

Mark Van Duren

COLDWELL BANKER REALTY License #3447675

COLDWELL BANKER REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,621

Year Built

  • Built in 1990

Lot Details

  • 2.11

HOA Fees

  • $636 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Partial Bay or Harbor Views

Kitchen

  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Balcony
  • West Facing Home

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, ground maintenance, pool maintenance
  • Lighthouse Property Management Association
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Pet Policy

  • Breed Restrictions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,621

Year Built

Built in 1990

Lot Details

0

HOA Fees

$636 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Maintenance Grounds, Pool Maintenance
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1990
  • Directions to Property: At 5680 Gulf of Mexico Drive, go Est 50 feet to first left, take Forest Way to 525. Park in front of unit 508/510 - Visitor Parking
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3340571?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3340571?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.0099
  • Price per Sq Ft: 361.11
  • Close to Original List Price Ratio: 1.0099
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Dormitorio Principal Arriba, Solid Surface Counters, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 2
  • Street Number Modifier: 525
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View: Gulf/Ocean - Partial
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: None
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Pool, Tennis Courts
  • Association Fee: 1907
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management
  • Association: Yes
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7628
  • Monthly HOA Fee: 635.67
  • Total Monthly Fees: 635.67

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927305107
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Breed Restrictions
  • Minimum Lease: 2 Weeks
  • Approval Process: Please Verify with HOA
  • Pet Restrictions: Verify with HOA
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please Verify with HOA

Tax Info

  • Tax Annual Amount: 2621.27
  • Tax Book Number: 1279-1906
  • Tax Lot: 190

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Dec 17, 2021
Sold by
Oconnor Linda L and Oconnor Edward C
Bought by
Mcmahon Thomas J and Mcmahon Michele A
Seller's Agent
Brigittia Nickel-Long
FLORIDA EXECUTIVE REALTY
Buyer's Agent
Mark Van Duren
COLDWELL BANKER REALTY
List Price
$514,900
Sold Price
$520,000
Premium/Discount to List
$5,100
0.99%
Current Estimated Value
$592,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,062
Avg. Annual Appreciation
3.43%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Oconnor Edward C and Oconnor Linda L
Bought by
Oconnor Linda L and Oconnor Edward C

Purchase Details

Closed on
Apr 27, 2010
Sold by
Grove Jeffrey and Grove Claire
Bought by
Oconnor Edward C and Oconnor Linda L

Purchase Details

Closed on
Aug 28, 2003
Sold by
Cohen Melvin
Bought by
Grove Jeffrey and Grove Claire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.94%
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
Mcmahon Thomas J $520,000 Attorney
Oconnor Linda L -- Attorney
Oconnor Edward C $247,500 Cornerstone Title & Settleme
Grove Jeffrey $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grove Jeffrey $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $520,000 +1.0% $361 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $514,900 -- $358 / 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 $6,307 $238,119 -- $238,119
2024 $6,307 $434,111 -- --
2023 $6,254 $421,467 $0 $0
2022 $6,129 $409,191 $0 $0
2021 $2,534 $176,840 $0 $0
2020 $2,621 $174,398 $0 $0
2019 $2,573 $170,477 $0 $0
2018 $2,549 $167,298 $0 $0
2017 $2,174 $163,857 $0 $0
2016 $2,167 $160,487 $0 $0
2015 $1,999 $159,371 $0 $0
2014 $1,999 $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: T3340571

Stellar MLS

APN: 79273-0510-7