NOT LISTED FOR SALE

532 Forest Way Longboat Key, FL 34228

Estimated Value: $548,000 - $612,000

2 Beds
2.5 Baths
1,440 Sq Ft
$400/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $341,000 $237 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,313/month

6 Days on Market

Highlights

  • 300 Feet of Waterfront
  • Fishing Pier
  • Fitness Center
  • Anna Maria Elementary School Rated A-
  • Public Beach
  • Heated In Ground Pool

About This Home

As of December 2020

This bright and cheery Cedars East 1440sf 2/2/1 townhouse is currently the best value (aka- lowest price per square foot) of any condo on Longboat Key, which makes it a SLAM-DUNK (aka- astute) purchase available for an investor and/or resident. The rental potential is excellent (26 x min 2wks). When you take in the high ceilings (9ft LR/DR); the oversized (13x30) one-car garage; the updated Hardi-plank siding and windows; turnkey-furnishings with brand new carpeting on the stairs and in the bedrooms (living area is ceramic tile); an upstairs laundry room... you'll get it! When you realize this is an end-unit with open views from three sides, offering tremendous amenities (HarTru tennis courts, Jr Olympic pool, 24/7 fitness center, walking trails, fishing dock, even a beach-on-the-bay at low tide), and is pet-friendly (allows two dogs)... you'll smile to yourself! Need more? You are across the street from LBK's glorious ten-mile sandy beach on the Gulf of Mexico and we have great restaurants to boot. Nearby St Armand's Circle and downtown Sarasota are close enough to tempt you. Longboat Key is the WOW FACTOR in greater Sarasota's real estate market, which brings us back to your search for paradise. Did I mention that this particular townhouse is the BEST VALUE/SQFT of any residential property on Longboat Key? Stop by ASAP... get excited!

Last Agent to Sell the Property

Bill Anderson

MICHAEL SAUNDERS & COMPANY License #3288173 Listed on: 11/25/2020

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Tammy Mack

THE RAND WILSON GROUP License #3288041

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,547

Year Built

  • Built in 1989

Lot Details

  • 300 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Public Beach
  • South Facing Home
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $622 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Tandem Parking
  • Garage Door Opener
  • Open Parking
  • Off-Street Parking

Home Design

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

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Fishing Pier
  • Access to Bay or Harbor
  • Dock made with Composite Material
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Optional Additional Fees
  • Association fees include cable TV, community pool, escrow reserves fund, maintenance structure, ground maintenance, maintenance repairs, pool maintenance, sewer, trash, water
  • Lighthouse Property Mgmt Association, Phone Number (941) 460-5560
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Fishing
  • Park

Pet Policy

  • 2 Pets Allowed
  • Small pets allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,547

Year Built

Built in 1989

Lot Details

0

HOA Fees

$622 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Elevated
  • Construction Materials: Block, Cement Siding, Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 2268
  • Directions to Property: From south LBK, travel north on Gulf of Mexico Drive to Companion Way (5680 GMD). Go east and Forest Way is first left turn. Follow Forest Way around several turns to #532 on the left. Park in front of garage or in guest parking nearby.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4484607?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4484607?w=Customer
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1.03647
  • Price per Sq Ft: 236.81
  • Close to Original List Price Ratio: 1.03647
  • Ratio: Current Price\Building Area Total: 150.35
  • View: No
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Spa Yn: No
  • Stories: 3
  • Window Features: Blinds, Insulated Windows, Window Treatments
  • Street Number Modifier: 532
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Screened
  • Water Access: Bay/Harbor, Beach - Public
  • Water Extras: Dock - Composite, Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 300
  • Water Frontage Feet Bay Harbor: 300
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Off Street, Oversized, Tandem
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Park, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Clubhouse, Fitness Center, Optional Additional Fees, Recreation Facilities, Tennis Court(s)
  • Association Name: Lighthouse Property Mgmt
  • Phone: 941-460-5560
  • Association: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1867
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 622
  • Amenities Additional Fees: Tennis Club and Fitness Center memberships are available for additional fees. Rental units ae encouraged to carry these memberships.
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 7468
  • Total Monthly Fees: 622.33

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: 7927305552
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • Zoning Compatible Y N: Yes

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Minimum Lease: 2 Weeks
  • Num Timesper Year: 26
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see HOA Documents for Rental Restrictions (or Guidelines)

Tax Info

  • Tax Annual Amount: 4546.86
  • Tax Book Number: 1279-1906
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Dec 30, 2020
Sold by
Holbrook James R and Holbrook Karen A
Bought by
Amos Theresa
Seller's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Tammy Mack
THE RAND WILSON GROUP
List Price
$329,000
Sold Price
$341,000
Premium/Discount to List
$12,000
3.65%
Current Estimated Value
$576,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,431
Avg. Annual Appreciation
11.51%
Original Mortgage
$272,800
Outstanding Balance
$243,432
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$332,999

Purchase Details

Closed on
Sep 13, 2017
Sold by
Vanderhye Cecila
Bought by
Holbrook James R and Holbrook Karen A

Purchase Details

Closed on
Sep 17, 2002
Sold by
Forrester Alan D and Forrester Betty V
Bought by
Vanderhye Roger and Vanderhye Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2000
Sold by
Harvey E Ruth
Bought by
Forrester Alan D and Forrester Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.07%
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
Amos Theresa $341,000 Attorney
Holbrook James R $249,000 Attorney
Vanderhye Roger $250,000 --
Forrester Alan D $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amos Theresa $272,800
Previous Owner Vanderhye Roger $225,000
Previous Owner Forrester Alan D $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $341,000 +3.6% $237 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/25/2020 11/25/20 For Sale $329,000 -- $228 / 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 $7,732 $207,060 -- $207,060
2024 $7,732 $529,678 -- --
2023 $7,670 $514,250 $0 $514,250
2022 $4,859 $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

  • Bill Anderson

    Seller's Agent in 2020

    Bill Anderson

    Michael Saunders

    (941) 313-4059

    21 in this area

    24 Total Sales

    Bill Anderson
    Section Image
  • Tammy Mack

    Buyer's Agent in 2020

    Tammy Mack

    THE RAND WILSON GROUP

    (407) 474-0403

    1 in this area

    37 Total Sales

    Tammy Mack
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4484607

Stellar MLS

APN: 79273-0555-2

Florida Manatee County Longboat Key 34228

532 Forest Way, Longboat Key, FL

This home is located at 532 Forest Way, Longboat Key, FL 34228 since 25 November 2020 and is currently estimated at $576,431, approximately $400 per square foot. This property was built in 1989. 532 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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