NOT LISTED FOR SALE

527 Forest Way Longboat Key, FL 34228

Estimated Value: $558,000 - $596,045

2 Beds
2.5 Baths
1,548 Sq Ft
$378/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $356,000 $230 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,716/month

18 Days on Market

Highlights

  • Water Access
  • Property Fronts a Bay or Harbor
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • 2.11 Acre Lot

About This Home

As of February 2021

Opportunity is now knocking for you! Lets bring in the New Year the right way! Wow, this preserved original owner condo, never been rented and lightly used, is now available in Cedars East Tennis and Fitness resort. Just steps away from the sugary white sand beaches of pristine north-end Longboat key you will find the perfect blank canvas to make your own. The longtime owner lightly used the property but absolutely preserved and maintained it. Recent Upgrades include - 2 newer AC systems, new hurricane rated Garage Door and concrete Hardi board siding wrapping the exterior of the building. Inside you will find a touch of modern in this space. With crisp and light colored ceramic tile in the main living area, flowing into the kitchen. Whtie cabinets and countertops compliment the kitchen that features a breakfast bar overlooking the dining and family room. Lighter colors on the walls and stylish modern furniture is included. The extended lanai that overlooks a lagoon style pond gives an additional living space, perfect for a home office, art space and/or study. Upstairs you will find a large master suite with his and her sinks in the bath along with a jacuzzi tub/shower combo. Down the hall is a good size guest bedroom with an excellent sized guest bathroom right off the hallway. Across the hall you will find the laundry closet conveniently placed close to all the beds and bathrooms.Offered Turn-Key Furnished excluding a list of sellers personal items for buyers convenience. Cedars East is a 66 acre village-like townhome setting, surrounded by nature & short walk/bike ride to beach or bay. Pet friendly 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, Fishing Pier & kayak launch. Close to the area's 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, Ringling Museum Complex and numerous dining options on Longboat and in downtown Sarasota (15 minutes away). If you are a golfer, there are a number of top-rated courses in nearby Bradenton and Sarasota. Spacious Condo Ownership property w/ Townhome Design. Some amenities require add'l membership to the club for use. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2 week minimum rental policy in the community. Current sellers used the property as part-time winter residence. Cedars is also a pet friendly community!! So, as you can see, what better way to start 2021 than with a new beach residence. Come see it today.

Last Agent to Sell the Property

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES License #3081650 Listed on: 12/31/2020

CENTURY 21 BEGGINS ENTERPRISES

Last Buyer's Agent

Bill Anderson

MICHAEL SAUNDERS & COMPANY License #3288173

MICHAEL SAUNDERS & COMPANY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,517

Year Built

  • Built in 1990

Lot Details

  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • North Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Common or Shared Parking
  • Tandem Parking
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Cement Siding
  • Block Exterior

Interior Spaces

  • 1,548 Sq Ft Home
  • 3-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Utility Room
  • Water Views

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water Access
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 7927305156

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance exterior, ground maintenance, maintenance repairs, manager, sewer, trash, water
  • Justin Trent/Lori Grecken Association, Phone Number (941) 460-5560
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing
  • Trails

Pet Policy

  • Pets Allowed
  • Pets up to 35 lbs

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,517

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Maintenance Grounds, Maintenance Repairs, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Townhouse
  • Architectural Style: Traditional
  • Property Description: Elevated
  • Water Extras: Dock - Composite, Fishing Pier
  • Water View: Yes
  • Construction Materials: Block, Cement Siding, Wood Frame
  • Living Area: 1548.00
  • Lot Size Acres: 2.11
  • Year Built: 1990
  • Building Area Total: 2268.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487286?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487286?w=Customer
  • Lot Size Sq Ft: 91957
  • Building Search Sq Meters: 210.70
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487286?w=PubMLS
  • Directions to Property: Gulf of Mexico Dr to east on Companion Way to left on Forest Way, home on right.
  • Escrow State: FL
  • List Office Head Office Key Nume: 1055181
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 5
  • Living Area Units: Square Feet
  • Additional Rooms: Inside Utility
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Split Bedroom, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds
  • Living Area Meters: 143.81
  • Street Number Modifier: 527

Exterior Features

  • Direction Faces: North
  • Additional Water Information: Community has frontage on Sarasota Bay. Community has Bay beach access and community dock/fishing pier.
  • Water Extras: Yes
  • Waterfront Feet Bay Harbor: 530
  • Water Access: Bay/Harbor, Gulf/Ocean to Bay, Intracoastal Waterway
  • Exterior Features: Irrigation System, Lighting, Rain Gutters
  • Roof: Shingle
  • Water View: Lagoon, Pond
  • Flood Zone Code: AE
  • Flood Zone Date: 03/17/2014
  • Flood Zone Panel: 12081C0291E
  • Water Access: Yes
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed
  • Road Surface Type: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common, Garage Door Opener, Guest, Open, Oversized, Tandem

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Cedars East
  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Tennis Courts, Water Access, Waterfront
  • Pet Restrictions: See community bylaws.
  • Condo Fees: 1907
  • Condo Fees Term: Quarterly
  • Max Pet Weight: 35
  • Monthly Condo Fee Amount: 636
  • Pet Size: Small (16-35 Lbs.)
  • Association Amenities: Cable, Maintenance, Trails
  • Association Name: Justin Trent/Lori Grecken
  • Phone: 941-460-5560
  • Security: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Association Email: lorigerken@mgmt.tv
  • Association Website: http://lighthousepropertymanagement.net

Fee Information

  • Amenities Additional Fees: Membership to the Cedars Tennis + Fitness is required for the use of the tennis courts, members lounge and fitness center.
  • Waterfront Frontage: 530
  • Total Annual Fees: 7628.00
  • Total Monthly Fees: 635.67

Schools

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

Lot Info

  • Total Acreage: 2 to less than 5
  • Zoning: R3MX/PC
  • Parcel Number: 7927305156
  • Lot Features: Cul-De-Sac, FloodZone, Street Private
  • Property Attached Yn: Yes
  • Lot Size Square Meters: 8543

Rental Info

  • Minimum Lease: 2 Weeks
  • Additional Lease Restrictions: See community bylaws.
  • Furnished: Furnished
  • Lease Restrictions: Yes
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 4517.33
  • Tax Book Number: 1279-1906

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
Feb 12, 2021
Sold by
Effay Investments Inc
Bought by
Craig James A and Craig Virginia
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
List Price
$360,000
Sold Price
$356,000
Premium/Discount to List
-$4,000
-1.11%
Current Estimated Value
$584,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,511
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Jan 11, 2000
Sold by
Bk Of Amer N A
Bought by
Effay Inv Inc

Purchase Details

Closed on
May 18, 1999
Sold by
Court Clerk Circuit
Bought by
Nationsbank N A

Purchase Details

Closed on
May 6, 1999
Sold by
Court Clerk Circuit
Bought by
Nationsbank N A
Source: Public Records

Range of Values:

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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
Craig James A $356,000 Msc Title Inc
Effay Inv Inc $146,500 --
Nationsbank N A -- --
Nationsbank N A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $356,000 -1.1% $230 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $360,000 0.0% $233 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $360,000 -- $233 / 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 $7,513 $207,060 -- $207,060
2024 $7,513 $552,500 -- $552,500
2023 $7,081 $514,250 $0 $514,250
2022 $5,876 $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 $3,507 $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: A4487286

Stellar MLS

APN: 79273-0515-6