Listing Details for MLS #A4662713
528 Forest Way, Longboat Key, Fl

Residential Property - Townhouse in Longboat Key

Listing Price: $610,000 (Mortgage Calculator →)

Description of Property

Seize the opportunity to acquire a prime, elevated townhome in Cedars East on beautiful Longboat Key. This location is arguably the closest Cedars East property to the pristine, sugar-white sands of the Gulf. This Pet-friendly townhome is an Elevated structure, positioned well above the flood plain, ensuring peace of mind. The interior exudes sophistication, featuring stunning crown molding and newer tile flooring throughout the main living areas. The kitchen has undergone beautiful updates, including shaker cabinets, granite countertops, stainless steel appliances, and a beautiful stone backsplash. These premium materials are consistently applied across all three bathrooms, enhancing the home's cohesive design. Ideally open floor plan, The kitchen, complete with a convenient snack bar, seamlessly transitions into the dining ,family room & lanai. Beautiful furnishings throughout, which are included in the sale, making this a truly turn-key offering. The primary bedroom is generously proportioned, featuring a wall of windows for abundant natural light and picturesque views. Its en-suite bathroom is equally spacious, boasting dual vanities. The guest bedroom is ample & includes a walk-in closet. A full-sized laundry room is conveniently located adjacent to the bedroom space. This meticulously maintained residence presents an ideal proposition for both personal enjoyment & lucrative rental income, boasting a flexible two-week minimum rental allowance. With an approximate gross annual income of $50,000, even with several months of owner occupancy or vacancy, this property offers substantial returns. A rare asset on Longboat Key, the oversized garage includes a substantial storage closet, perfect for accommodating hobbies and recreational gear. The exterior received a comprehensive upgrade in 2018 with the installation of low-maintenance Hardi Board Siding and all new High-Impact Windows. In 2023, a brand-new hurricane-rated garage door was installed, further enhancing the home's resilience. Both air conditioning units were replaced in 2021, ensuring optimal comfort and efficiency. Finally, 2024 brought a brand new roof. Cedars East offers the convenience of on-site rental management, if desired. This 66-acre village-like townhome community is enveloped by nature, providing effortless access to both the beach and the bay on the beautiful north end of Longboat Key. The spacious and tropical community features lit boardwalks winding through mangroves, leading to an array of exceptional amenities including a heated Jr. Olympic Size Pool, nine Har-Tru Tennis Courts, three Pickleball courts, a Clubhouse with a Pro-Shop, a 24-hour Fitness Center, a Tiki bar, a restaurant, a fishing pier, and a kayak launch. Please note that some amenities require an additional club membership. The property is within walking distance to a variety of local attractions, such as Harry's Deli & Continental Kitchen, the true island gem that is Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft, and, of course, Longboat Key's globally renowned sugary white sand beaches. Furthermore, it offers convenient proximity to other major attractions and cultural venues, including St. Armand's Circle, Mote Aquarium, the Asolo Repertory Theatre, Van Zel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, the Ringling Museum complex, and numerous dining options on Longboat Key and in downtown Sarasota. Lots to love here, come see it today.The average asking price for a 2 bedroom/2 bath townhouse in this Zip code is $1,046,841. This townhouse is listed at about 58% of the average asking price. There are 33 2 bedroom/2 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »