12 days on rocket

511 Forest Way, Longboat Key, FL, 34228

$695,000

Home List Price

$8,253*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,440 SqFt
$483/SqFt
Townhouse
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

511 Forest Way, Longboat Key$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingGround Level, Guest, Oversized
Attached Garage2 spaces
Year Built1990
HeatingCentral
CoolingCentral Air
WaterfrontBay
ViewTrees/Woods
Private PoolYes
MLS #A4610363
StatusActive

About 511 Forest Way

New Opportunity, Here Now! Peaceful elegance on stunning Longboat Key! A beautifully maintained Townhome in Cedars East Fitness & Tennis Resort is now available. Ideally, it is located in a private location of Cedars East. Easy access to our island's long walking/bike path with easy access to one of our best beach accesses. End unit with enchanting tropical foliage views and war, southern exposure light from almost every window. Excellent price positioning on this particular location. The open, spacious, private light combined with the tropical foliage 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 an open kitchen with the snack bar leading right into the dining and family room, giving you an open and spacious living area. This home has gorgeous colors and materials throughout the entire interior. Ceramic tile through the whole first floor. The kitchen offers updated countertops, cabinets, and appliances. The primary bedroom is oversized with a wall of windows offering those wooded views of our tropical island foliage. The Master bathroom is large with his and her vanities. Lanai off the family room is a peaceful oasis surrounded by an island landscape and complete privacy. The exterior was resided w/ maintenance-free Hardi Board Siding along w/ newer windowswhere installed. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. Additional recent improvements include new AC condensers on both machines. 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 additional 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. Current seller has multiple repeat clients that would be interested in rebooking in the future and excellent future bookings, projections and rental history to share. Cedars is also a pet-friendly community!! Finally, the sellers are offering completely turn-key furnished (Excluding very limited personal 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, Traditional
  • Year Built: 1990
  • 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: Ceramic Tile, Vinyl
  • Interior: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Window Treatments

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bay
  • View: Trees/Woods
  • Exterior: Other

Parking Information:

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

Lot Features

Lot Information:

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

Utilities

Utilities Information:

  • Heating: Central
  • 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 fifth unit on right

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $483/SqFt

HOA Fees:

  • Amount: $2719
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $4,736
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

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

511 Forest Way vs Longboat Key

12 DAYS ON ROCKET

-47 Days

$695,000

-$478.7K Less

$483/SqFt

-$245 Less

KEY TAKEAWAY

This property is $478.7K less than the Median Sold Price and $245/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: #A4610363

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: 5/23/2024, 10:19:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 02, 2018Home Sold
$319,000
Feb 07, 2001Home Sold
$210,000
Apr 16, 1999Home Sold
$179,000
Aug 18, 1997Home Sold
$179,000

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

$4,442

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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-592982
8
/10
  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 6.75 miles

  • Public District Grades KG-5

Middle School

school-card-donut-592983
3
/10
  • Martha B. King Middle School

  • 600 75th St NW

  • 6.30 miles

  • Public District Grades 6-8

High School

school-card-donut-592984
2
/10
  • Bayshore High School

  • 5401 34th St W

  • 4.61 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. The majority of Longboat Key, FL residents have income between $100k-200k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 511 Forest Way

What is the listing price of this property?

The listing price of 511 Forest Way property is $695,000.

What type of property is this?

The property 511 Forest Way is a townhouse located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 511 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 511 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).

When was this property sold last time and for how much?

The last sale was on July 2, 2018 for $319,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 511 Forest Way has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 511 Forest Way is 1,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 511 Forest Way is 1990.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›511 Forest Way

This home is located at 511 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 May 10, 2024 and is currently priced at $695,000.

In April 2024 more than 3 listings in Longboat Key, FL were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 43 were sold below. The number of homes for sale in Longboat Key, FL decreased by 4.5% between March 2024 and April 2024. 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.

More Resources