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$639,000

539 Forest Way Longboat Key, FL 34228 • Residential - Condominium • Active

  • 539 Forest Way , Unit 539, Longboat Key, FL 34228 Main Photo

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Description

Second-home buyers and investment-minded buyers, take note. This beautifully furnished, turnkey residence at Cedars East on Longboat Key offers the rare combination of a polished coastal retreat, an established rental history, and meaningful upside potential.The home has generated approximately $50,000 in average annual rental payout revenue, after Airbnb and VRBO fees, providing a proven income history while maintaining the flexibility of up to 26 rental opportunities a year-an unusually flexible arrangement for Longboat Key. The owners have invested more than $130,000 in upgrades and improvements since 2021, creating a home that is not simply rental-ready, but thoughtfully maintained and continually enhanced. The current owners have created a home designed to deliver an exceptional guest experience. The sale includes the home's high-quality furnishings, top-of-the-line kitchenware-including All-Clad cookware-solid dishware, premium beach equipment and carefully selected décor. The result is reflected in the property's rental reputation, with more than 40, 5-Star Airbnb reviews from previous guests. Positioned near the front of Cedars East, the residence offers more convenient access to the Gulf beaches than many locations within the community and is next to the Longboat Key bike path. Inside, the 1,440-square-foot, two-bedroom, 21/2-bath residence features an open living and dining area, a large garage, and a private, wooded outlook from the living room and lanai. The lush greenery creates a wonderfully private, almost treehouse-like setting-a peaceful contrast to the Gulf just moments away. Residents of Cedars East enjoy a resort-style setting with HOA amenities including the community pool, kayak and paddle board launch, fishing pier, cable, water, sewer, trash and pest control.Optional membership at the Cedars Tennis Resort & Club provides access to additional tennis, pickleball and fitness amenities. Whether you're looking for a beautifully finished Longboat Key retreat, a second home that can generate income, or a turnkey vacation property with an established rental history, this residence offers a compelling combination of lifestyle and flexibility. Come experience The Longboat Key Life.

Property Highlights

Property Type: Residential - Condominium
Cooling: Central Air
Garage: 1 car attached
Heating: Central, Electric
Home Style: Traditional
Roof Type: Shingle
Stories: 3.0
Taxes: $3,954
Year Built: 1990

General Information

Bedrooms: 2
Bathrooms: 2 Full 1 Half
Sqft: 1,440
County: Manatee
Subdivision: CEDARS EAST
Listed By:
Sharon Austin PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-383-2500

Amenities

Ceiling Fans(s)
High Ceilings
Living Room/Dining Room Combo
Open Floorplan
PrimaryBedroom Upstairs
Solid Surface Counters
Split Bedroom
Stone Counters
Thermostat
Window Treatments
Balcony
Lighting
Rain Gutters

Room Information

Living Room: 16x18
Dining Room: 13x15
Kitchen: 11x8
Primary Bedroom: 13x15
Bathroom 2: 12x14
Balcony/Porch/Lanai: 7x15

Property Features

Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Association Amenities: Maintenance
Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Pool, Tennis Court(s)
Condo Fee: $2836/ Quarterly
Days on Site: 2
Directions: Drive north on Gulf of Mexico Drive. Turn right onto Companion Way at Cedars East. Take the first left onto Forest Way and follow Forest Way toward the end. 539 Forest Way will be on the right.
Exterior: Block, Cement Siding, Frame
Flood Zone Code: AE
Flooring: Luxury Vinyl, Tile
Foundation: Slab
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved
Number of Pets: 2
Other Equipment: Irrigation Equipment
Ownership: Condominium
Parking: Common, Driveway, Garage Door Opener, Ground Level, Guest, Open, Oversized
Parking Notes: Common, Driveway, Garage Door Opener, Ground Level, Gu
Patio/Porch: Covered, Rear Porch, Screened
Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
Pets Restrictions: See community by laws
Pets Size: Small (16-35 Lbs.)
Pets Weight (Max): 35
Pool: In Ground
Property Attached Y/N: Yes
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: Coming Soon - Allowing Showings, Supra Lock Box, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Water: Public
Water Access: Bay/Harbor
Water Access Y/N: Yes
Waterfront Features: Fishing Pier
Windows: Blinds
Zoning: R3MX/PC
$639,000
2beds
2.5baths
1,440sqft
1cars
New to the Market Active
BEDS2 BATHS2 full 1 partial SQUARE FEET1,440 MLS#A4706129
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONCEDARS EAST

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539 Forest Way , Unit 539, Longboat Key, FL 34228.

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Estimated Payment

$ 2,671.11 per month $2,155.24 Principal & Interest $329.50 Property Tax $186.38 Homeowner's Insurance

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Florida/Longboat Key
Longboat Key

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About Longboat Key

Longboat Key, FL recently was named one of Condé Nast's Top Ten Traveler’s Islands. Longboat Key possesses something uniquely its own. There is a natural beauty and elegance to Longboat Key that entrances visitors and residents, and in many ways it’s the perfect beach getaway. Those that live there have stunning scenery, a luxurious vibe, and easy access to places like Sarasota, Bradenton, and Tampa.


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