528 Forest WAY, Longboat Key, FL, 34228 | $675,000

New Opportunity, Here Now! A beautifully maintained Townhome in Cedars East Tennis Resort & Club. Elevated structure with living space well above flood plain. Ideally located with easy access to Longboat Key's island long walking/bike path providing easy access to one of our best beaches and other island amenities. This home has been beautifully kept, updated and loved. The interior has a fresh coat of paint throughout. The interior walls are wrapped in stunning crown molding & newer tile flooring throughout the living space while both bedrooms are layered with a beautiful new carpet. Kitchen updates include upgraded shaker cabinets, granite countertops, stainless steel appliances & a beautiful stone backsplash. These improved materials are consistent though all 3 bathrooms as well. The living space is open & spacious offering an easy & light living space. The open kitchen with the snack bar leads right into the dining & family room. This home has gorgeous colors & materials throughout only to be complemented with stunning furnishings that are included with the sale. The primary bedroom is oversized with a wall of windows offering beautiful views & natural light . The primary bathroom is large with dual vanities. Guest bedroom is spacious & provides a walk in closet. Right of the bedroom space is a full size laundry room. The covered and screened lanai is right off the family room. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. In 2018 the exterior was resided w/ maintenance-free Hardi Board Siding & hi-impact windows installed. In 2023 a brand new hurricane rated garage door. Both ACs were replaced in 2021. Cedars East has a convenient on-site rental mgmt, if desired, with a convenient 2-week minimum Short term rental policy. Excellent future rental bookings & rental history w/ over $50k generated in 2023. 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, 9 Har-Tru Tennis Courts, 3 Pickleball 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 & 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, Mote Aquarium, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex & 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. Cedars is also a pet-friendly community with no weight restrictions! Finally, the sellers are offering completely turn-key furnished. Bonus, with the recent Hurricanes on the island, Cedars did extremely well with both storms. So peace of mind, elevated structure, interior / exterior upgrades, flexible rental income and Dog Friendly. . . . it's the One!

Features

  • Amenities: Cable TV, Clubhouse, Maintenance, Optional Additional Fees, Pool, Trail(s)
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room
  • Style: Traditional
  • Year Built: 1989
  • Garage: 2-car Oversized, Tandem, Under Building
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,440
  • Acreage: 2.1
  • Est. Taxes: $6,246
  • HOA Fee: $2,719 Quarterly
  • Lot Desc: FloodZone, City Lot, Landscaped, Near Marina, Near Public Transit, Sidewalk
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pool: Gunite, Heated, In Ground, Lighting, Outside Bath Access
  • Pet Policy: Breed Restrictions, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: A4629798
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/A4629798/528forestway_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 4:44:11 AM)
Listing courtesy of CENTURY 21 BEGGINS ENTERPRISES   Phone: 941-387-8888

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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528 Forest WAY, Longboat Key, FL, 34228

$675,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $540,000 $540,000 $540,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $521 $521 $521
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,638 $3,589 $4,554
Total Monthly Payment $4,250 $4,201 $5,166

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.