NOT LISTED FOR SALE

541 Forest Way Unit 24 Longboat Key, FL 34228

Estimated Value: $575,000 - $609,000

2 Beds
2.5 Baths
1,440 Sq Ft
$410/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $635,000 $441 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,536/month

6 Days on Market

Highlights

  • 530 Feet of Bay Harbor Waterfront
  • Boat Dock
  • Private Beach
  • Anna Maria Elementary School Rated A-
  • Water access To Gulf or Ocean To Bay
  • Fitness Center

About This Home

As of June 2022

New Opportunity, Here Now! Peaceful elegance on stunning Longboat Key! A beautifully remodeled Townhome in Cedars East Fitness & Tennis Resort is now available. Ideally located in what may be the most private location of Cedars East. End unit with enchanting wooded and spacious views. Privacy is found out of almost every window. The open, spacious feel allows you to breathe and embrace that salt air. This property and location 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 a gourmet kitchen with stunning 43in cabinetry w/ crown tops, tile back-splash & SS appliances. The kitchen's open snack bar leads right into the dining and family room giving you an open and spacious living area. This home has gorgeous upgraded flooring throughout the entire interior. The Master bedroom is oversized with a wall of windows offering those wooded views of our tropical island foliage. The Master bathroom has been updated with newer dual vanities and a step-in shower/tub with updated tile. Lanai off the family room is enclosed offering additional space. The exterior was resided w/ maintenance-free Hardi Board Siding along w/ newer windows. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. Recent improvements include both AC units being replaced in 2020, the complete interior being repainted along with a new washer and dryer being recently installed. There is a partial Gulf view out of the guest bedroom window providing daily surf reports! 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 add'l 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 convenient 2-week minimum rental policy w/in the community. Cedars is also a pet-friendly community!! Finally the sellers are offering completely turn-key furnished (Excluding limited personal items, list to be provided) to make your move seamless. So, as you can see, what a property for your new beach residence. Come see it today.

Last Agent to Sell the Property

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES License #3081650 Listed on: 05/04/2022

CENTURY 21 BEGGINS ENTERPRISES

Last Buyer's Agent

Natalia Armonda

MICHAEL SAUNDERS & COMPANY License #3272469

MICHAEL SAUNDERS & COMPANY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,454

Year Built

  • Built in 1990

Lot Details

  • 530 Feet of Bay Harbor Waterfront
  • Private Beach
  • Cul-De-Sac
  • Street terminates at a dead end
  • West Facing Home
  • Mature Landscaping
  • Irrigation
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $712 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Tandem Parking
  • Garage Door Opener
  • Open Parking

Property Views

  • Partial Bay or Harbor
  • Woods
  • Tennis Court

Home Design

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

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Bonus Room
  • Storage Room
  • Inside Utility

Kitchen

  • Range
  • 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 To Gulf or Ocean To Bay
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Property is near a marina
  • Enclosed Patio or Porch
  • Exterior Lighting

Location

  • Flood Zone Lot
  • Property is near public transit

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
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, sewer, trash, water
  • Lighthouse Property Mgmt / Hannah Feliciano, Cam Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • On-Site Maintenance
  • The community has rules related to building or community restrictions, deed restrictions

Recreation

  • Boat Dock
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,454

Year Built

Built in 1990

Lot Details

0

HOA Fees

$712 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Townhouse
  • Architectural Style: Traditional
  • Construction Materials: Block, Cement Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 2268
  • Directions to Property: Gulf of Mexico Dr. to East on Companion Way. Make first left on Forest Way and follow to end. Property on right.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1055181
  • Minimum Lease: 2 Weeks
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 440.97
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Elevated,End Unit
  • Amenities Additional Fees: Membership to the cedars tennis and fitness club is required for use of tennis courts, members club room, gym, and restaurant. For details see www.Cedarstennisresort.com
  • Tax Year: 2021
  • 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 Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat, 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, Window Treatments
  • Street Number Modifier: 541
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Inside Utility,Storage Rooms
  • Living Area Meters: 133.78
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Irrigation System, Lighting, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Tennis Court, Trees/Woods, Water
  • Water Body Name: SARASOTA BAY / GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Rear Porch
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach - Private,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 530
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0291F
  • Additional Water Information: Community has community beach and fishing pier on Sarasota Bay. Bay leads through Pass to Gulf of Mexico. Public beach access to Gulf is appx 1 mile to north.
  • Water Frontage Feet Bay Harbor: 530

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness Center, Pool, Sidewalks, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Dock, Maintenance, Pool
  • Association Fee: 2135
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Mgmt / Hannah Feliciano, CAM
  • Phone: 941-460-5560x953
  • Association: Yes
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 0
  • Pet Restrictions: See community bylaws
  • Association Fee Requirement: Required
  • Building Name Number: N/A
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Association Email: HannahFeliciano@mgmt.tv
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: lighthousepropertymanagement.net

Fee Information

  • Total Annual Fees: 8540.00
  • Total Monthly Fees: 711.67
  • Monthly HOA Amount: 711.67

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: 7927305503
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, FloodZone, Near Marina, Near Public Transit, Street Dead-End, Paved, Private
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer/Buyer's agent to verify

Tax Info

  • Tax Annual Amount: 4454
  • Tax Book Number: 1279-1906
  • Tax Lot: 24

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 23, 2022
Sold by
Gerard Penacoli
Bought by
Kondratyev Viktor M and Kondratyev Irina
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Natalia Armonda
MICHAEL SAUNDERS & COMPANY
List Price
$635,000
Sold Price
$635,000
Current Estimated Value
$590,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,605
Avg. Annual Appreciation
-2.19%
Original Mortgage
$508,000
Outstanding Balance
$474,343
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$116,052

Purchase Details

Closed on
Sep 6, 2016
Sold by
Maurer Keith J and Maurer Judith R
Bought by
Penacoli Gerard

Purchase Details

Closed on
Jun 8, 2009
Sold by
Trull Robert J and Lister Jennifer G
Bought by
Maurer Keith J and Maurer Judith R
Source: Public Records

Range of Values:

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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
Kondratyev Viktor M $6,350 Msc Title
Penacoli Gerard $300,000 Fidelity National Title Of F
Maurer Keith J $330,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kondratyev Viktor M $508,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2022 06/28/22 Sold $635,000 0.0% $441 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $635,000 -- $441 / 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 $8,441 $207,060 -- $207,060
2024 $8,441 $552,500 -- $552,500
2023 $8,054 $514,250 $0 $514,250
2022 $5,296 $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 $3,542 $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: A4534165

Stellar MLS

APN: 79273-0550-3