2 months on rocket

507 Forest Way, Longboat Key, FL, 34228

$669,500

Home List Price

$7,950*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,440 SqFt
$465/SqFt
Townhouse
Schools Nearby

Location

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507 Forest Way, Longboat Key$669,500

Buyer Closing Credits

$7,950*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway, Ground Level, Oversized, Tandem
Attached Garage2 spaces
Year Built1990
HeatingCentral, Electric, Heat Pump
CoolingCentral Air
WaterfrontBay
ViewTrees/Woods
MLS #A4599448
StatusActive

About 507 Forest Way

Buyers default due to personal circumstances creates your good fortune. One of the best opportunities on longboat key is now back available. This stunning townhome is located in the sought-after Cedars East Tennis & Fitness Resort on the beautiful Longboat Key. This townhome has been beautifully remodeled and is move-in ready, making it an actual must-see property. It is offered turnkey furnished (excluding a few personal items), providing a hassle-free move for the new owner. With 2 bedrooms and 2.5 bathrooms, high ceilings, open floor plan, there is plenty of space for comfortable living. High-impact windows and exterior hardi board siding have been completed by the long-time sellers. Both ACs have been replaced and updated. Gorgeous interior with upgraded flooring throughout. The Kitchen is stunning and very recently completed with its White cabinets, quartz tops, higher-end appliances, and tasteful backsplash. All three restrooms have also been upgraded and remodeled. The master bath boasts a glass walk-in shower with beautiful tile work and updated dual vanities. The Lanai is a special place in this location. Private and wooded native landscape views put you in that island state of mind. With the open plan and high ceiling tropical foliage can be seen throughout the living area. The oversized garage with space for 2 cars is a great feature, providing ample storage and parking. This townhome is an ideal choice for anyone looking for a stylish and comfortable property in a desirable LBK location. 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 a convenient 2-week minimum rental policy w/in the community. Cedars is also a large pet-friendly community!! Finally, the sellers are offering completely turn-key furnished (Excluding limited personal tenant items) to make your move seamless so, as you can see, what a property for your new beach residence.

Property Details

Property Features

Property Information:

  • Architectural Style: Elevated
  • Year Built: 1990
  • Stories: 3
  • Living Area: 1,440 SqFt

Listing Office:

  • Office Name: CENTURY 21 BEGGINS ENTERPRISES
  • Office Phone: (941) 387-8888
  • Listing Agent: Jesse Griffin

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile, Other
  • Interior: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Window Treatments

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Bay
  • View: Trees/Woods
  • Exterior: Irrigation System, Lighting, Sidewalk, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Ground Level, Oversized, Tandem

Virtual/3D Tour

  • Virtual Tour: 507 Forest Way

Virtual Tour

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, City Lot, Landscaped, Near Marina, Near Public Transit, Sidewalk, Dead End Street, Private

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Bayshore High School, Public District Grades 9-12
  • Martha B. King Middle School, Public District Grades 6-8
  • Anna Maria Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Gulf of Mexico to East on Companion Way to North on Forest Way. Property third unit on right .

Price Information

Listing Price Info

Price Summary:

  • List Price: $669,500
  • Price Per SqFt: $465/SqFt

HOA Fees:

  • Amount: $2715
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $4,736
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Longboat Key, FL.

Med. Sold Price

$1.1M

Med. Price/SqFt

$727

Avg. Days On Market

59

# of Sold Homes

58

507 Forest Way vs Longboat Key

83 DAYS ON ROCKET

+24 Days

$669,500

-$504.2K Less

$465/SqFt

-$263 Less

KEY TAKEAWAY

This property is $504.2K less than the Median Sold Price and $263/SqFt less than other homes in Longboat Key, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4599448

Listing Office:

  • Office Name: CENTURY 21 BEGGINS ENTERPRISES
  • Office Phone: (941) 387-8888
  • Listing Agent: Jesse Griffin

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,736$265,000
2018$3,506$220,000
2017$3,507$210,500

History based on county public records data.

Payment Calculator

$4,314

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,074

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6756088
8
/10
  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 6.76 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6756089
3
/10
  • Martha B. King Middle School

  • 600 75th St NW

  • 6.30 miles

  • Public District Grades 6-8

High School

school-card-donut-6756090
2
/10
  • Bayshore High School

  • 5401 34th St W

  • 4.60 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,407. Residents of Longboat Key, FL typically earn between $100k-200k each year. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Forest Way

What is the listing price of this property?

The listing price of 507 Forest Way property is $669,500.

What type of property is this?

The property 507 Forest Way is a townhouse located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 507 Forest Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Forest Way are:
Anna Maria Elementary School: GreatSchools Rating 8/10
Martha B. King Middle School: GreatSchools Rating 3/10
Bayshore High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,736 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Forest Way has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 507 Forest Way is 1,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Forest Way is 1990.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›507 Forest Way

This home is located at 507 Forest Way in Longboat Key, FL and zip code 34228. This 1,440 square foot home was built in 1990. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 12, 2024 and is currently priced at $669,500.

Longboat Key, FL housing market in April 2024 saw over 3 listings sold above listed price, more than 12 sold at listed price and over 43 sold below. The inventory of homes for sale in Longboat Key, FL between March 2024 and April 2024 decreased by 4.5%. In April 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $1,173,750.

From Rocket Homes Real Estate and based on county public records data.

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