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Off market
  • $423,900

    505 Forest Way, Longboat Key, FL 34228

    2beds
    1,440sqft
    Condo
    Built in 1990
    -- sqft lot
    $423,900 Zestimate®
    $294/sqft
    $-- Estimated rent

    Home value

    $423,900

    $369,000 - $487,000

    Not available

    Zestimate® history
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    What's special

    Longboat Key's best value won't last long! Beautifully renovated, this light and bright open-plan townhome features new, high-impact thermal windows and new HardiePlank siding. 2 bedroom, 2 +1/2 bath turn-key furnished. New roof 2014, A/C 2013, appliances, paint, flooring, master bath tile, windows, siding are all new within the last 2 years! Investor Alert! Lease 26 times per year with the lowest condo fees on the Key - 622. Mo. On-site Management, high-demand, high-income vacation rentals already in-place. Stroll along the beach, kayak on the Bay, fish at your dock, swim long laps in the heated, Jr. Olympic-size swimming pool. A pet-friendly community with free bike sharing and 66 acres of nature trails. The over-sized garage has room for a car and kayaks, beach gear, surfboards, fishing tackle and all the toys. Join-in-the-fun if you'd like at the vibrant, active, Cedars Tennis Resort & Club featuring a Cafe and Tiki Bar, 10 tennis courts, full time tennis-pro, planned events & pro shop. The beach, free bike sign-outs, nature-trails, fishing dock, picnic area and heated swimming pool are all included.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Other, Electric
    Cooling
    • Central
    Appliances
    • Laundry: Inside, Upper Floor
    Features
    • Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Split Bedroom, Window Treatments, Open Floorplan, Kitchen/Family Room Combo
    • Flooring: Tile
    • Windows: Blinds
    • Has fireplace: No
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached
    Features
    • Levels: One
    • Patio & porch: Covered, Screened
    • Exterior features: Stone, Wood
    • Pool features: Heated, In Ground
    • Spa features: In Ground
    Lot
    • Size: 435 Square Feet
    • Features: Conservation Area
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Parcel number: 7927304605
    • Zoning: R3MX/PC

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Florida
    Materials
    • masonry
    • Roof: Asphalt
    Condition
    • Completed
    • Year built: 1990

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Street Lights, Sewer Connected
    Green energy
    • Energy efficient items: Windows, HVAC
    • Indoor air quality: Ventilation

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: CEDARS EAST SEC TWO CONDOMI
    HOA
    • Has HOA: Yes
    • Services included: Cable TV, Maintenance Grounds, Escrow Reserves Fund, Community Pool, Manager, Pool Maintenance
    • HOA fee: $815 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $294/sqft
    • Tax assessed value: $207,060
    • Annual tax amount: $3,274

    Price history

    DateEventPrice
    7/11/2022Sold$679,000+113.5%$472/sqft
    Source: Public Record Report a problem
    3/7/2019Sold$318,000-0.6%$221/sqft
    Source: Public Record Report a problem
    1/24/2019Listed for sale$319,900$222/sqft
    Source: SARASOTA BEACH TO BAY INC #A4423350 Report a problem
    1/24/2019Pending sale$319,900$222/sqft
    Source: SARASOTA BEACH TO BAY INC #A4423350 Report a problem
    1/9/2019Listed for sale$319,900+29%$222/sqft
    Source: SARASOTA BEACH TO BAY INC #A4423350 Report a problem
    9/21/2016Sold$248,000+13.8%$172/sqft
    Source: Public Record Report a problem
    1/31/2014Sold$218,000$151/sqft
    Source: Public Record Report a problem
    11/17/2013Listed for sale$218,000+11.8%$151/sqft
    Source: PREMIER SOTHEBY'S INTL. REALTY #A3987904 Report a problem
    1/8/2001Sold$195,000$135/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,274 -61.2%$207,060 -62.5%
    2024$8,441 +4.8%$552,500 +7.4%
    2023$8,054 +52.1%$514,250 +70%
    2022$5,296 +14.1%$302,500 +10%
    2021$4,640 +2.7%$275,000 +3.8%
    2020$4,517 +4.3%$265,000 +9.5%
    2019$4,329 $242,000 +10%
    2018$4,329 +12.4%$220,000 +4.5%
    2017$3,853 +45.2%$210,500 +12%
    2016$2,654 $187,900
    2015$2,654 $187,900 +18.8%
    2014$2,654 +3.6%$158,106 +3%
    2013$2,561 +256038%$153,501 -17.3%
    2012$1 $185,646 +7%
    2011$1 $173,501 -20.1%
    2010-- $217,036 -4.1%
    2009$3,724 -25.6%$226,283 -27%
    2008$5,005 -9.2%$309,977 -8%
    2007$5,514 -9.2%$336,931 -2.9%
    2006$6,070 +27.3%$347,171 +32%
    2005$4,767 +18.5%$263,008 +20.9%
    2004$4,022 -1.2%$217,578 +2.2%
    2003$4,071 +13%$212,791 +15%
    2002$3,602 +14.5%$185,035 +15%
    2001$3,145 -2%$160,900
    2000$3,208 $160,900
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $423,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $423,900