NEW AND IMPROVED PRICE! There is a certain ease to life on Longboat Key, where mornings can begin with a walk to the beach, afternoons unfold by the pool or on the tennis court, and dinner beside the water is never far from home. Set within Cedars East at Cedars Tennis Resort & Club, this beautifully maintained three-level townhome offers a refined way to experience one of Florida’s most desirable barrier-island lifestyles. Natural light is one of the first things you notice. An abundance of windows fills the home with sunshine, creating a bright, calm, and serene atmosphere that feels perfectly suited to its coastal surroundings. New luxury vinyl plank flooring extends through the entry and main living level, giving the home a fresh, cohesive look, while carpeting along the staircase and throughout the third-floor bedroom level adds warmth and comfort to the private spaces. The second floor brings the kitchen, dining, and living areas together in an easy, welcoming flow designed for relaxed everyday living and effortless entertaining. Just beyond the living room, the screened balcony creates a peaceful outdoor retreat for morning coffee, casual dining, quiet reading, or unwinding at the end of the day. A convenient half bath completes this level. Upstairs, the primary suite offers a private ensuite bath with dual sinks and a comfortable sense of separation from the main living areas. The second bedroom features a walk-in closet and is positioned near the full guest bath and upstairs laundry closet. The washer and dryer are approximately three months old and are included with the home. Thoughtful improvements add both style and confidence, including a roof replaced in 2024, a 2024 HVAC system serviced in April 2026, updated interior paint, refreshed flooring, newer toilets, faucets, light fixtures and vents, and a new garage door. Garage parking adds welcome convenience along with room for bicycles, beach equipment, and additional storage. Life at Cedars Tennis Resort & Club is centered around the outdoors and the relaxed sophistication of Longboat Key. Enjoy tennis and pickleball, spend the afternoon by the heated community pool, stay active in the fitness facilities, or gather for a meal without leaving the neighborhood. Nearby beach access makes Gulf days easy to enjoy, while waterfront restaurants, island cafés, marinas, biking routes, and the natural beauty of Longboat Key are all close at hand. For buyers considering investment potential, the property has a strong short-term rental history and is already heavily booked from December through June 2027, offering the advantage of established demand and reservations already in place. All rentals remain subject to current association rules, approval requirements, and the terms of existing reservations. From fresh seafood and sunset dinners to quiet mornings near the shore, this location places the best of Longboat Key within easy reach. St. Armands Circle, Anna Maria Island, and the cultural attractions of Sarasota are also nearby, allowing you to enjoy the island’s peaceful atmosphere without feeling removed from everything the area has to offer. Whether envisioned as a full-time residence, seasonal retreat, or income-producing coastal getaway, this is an opportunity to enjoy thoughtful updates, abundant natural light, resort-inspired amenities, garage parking, and the unmistakable lifestyle of Longboat Key. ¤ Please see 3D Tour and Video ¤
For sale
Price cut: $14.1K (9/10)
$574,900
508 FOREST WAY, LONGBOAT KEY, FL 34228
2beds
1,440sqft
Townhouse
Built in 1990
-- sqft lot
$-- Zestimate®
$399/sqft
$945/mo HOA
What's special
Nearby beach accessUpdated interior paintRefreshed flooringHeated community poolNew garage doorWalk-in closet
- 36 days
- 140
- 8
Zillow last checked:
Listing updated:
Listed by:
Kevin Hanley 941-223-4759,
KELLER WILLIAMS ISLAND LIFE REAL ESTATE 941-254-6467
Source: Stellar MLS,MLS#: N6144572
Originating MLS: Venice

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: Third
Bedroom 2
- Features: Ceiling Fan(s), Walk-In Closet(s)
- Level: Third
Primary bathroom
- Features: Tub With Shower, Linen Closet
- Level: Third
Bathroom 2
- Features: Tub With Shower
- Level: Third
Balcony porch lanai
- Level: Second
Dining room
- Level: Second
Kitchen
- Features: Ceiling Fan(s)
- Level: Second
Living room
- Level: Second
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Inside, Laundry Closet, Upper Level
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Thermostat, Walk-In Closet(s)
- Flooring: Carpet, Luxury Vinyl, Tile
- Doors: Sliding Doors
- Windows: Window Treatments
- Has fireplace: No
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 2,268
- Total interior livable area: 1,440 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage Door Opener, Ground Level, Guest, Under Building
- Attached garage spaces: 1
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Enclosed, Rear Porch, Screened
- Exterior features: Balcony, Garden, Irrigation System, Lighting, Rain Gutters, Sidewalk
- Has view: Yes
- View description: Garden, Trees/Woods
- Waterfront features: Bay/Harbor Front, Waterfront
Lot
- Features: Cul-De-Sac, Flood Insurance Required, FloodZone, City Lot, In County, Landscaped, Level, Near Public Transit, Sidewalk
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Parcel number: 7927304456
- Zoning: R3MXPC
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Architectural style: Florida
- Property subtype: Townhouse
Materials
- Wood Frame (FSC Certified)
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Community & HOA
Community
- Features: Bay/Harbor Front, Waterfront, Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks, Tennis Court(s)
- Security: Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: CEDARS EAST SEC 2
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Tennis Court(s)
- Services included: Common Area Taxes, Community Pool, Reserve Fund, Pest Control, Recreational Facilities, Sewer, Trash, Water
- HOA fee: $945 monthly
- HOA name: Coastal Association Management
- HOA phone: 941-302-9816
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $399/sqft
- Tax assessed value: $207,060
- Annual tax amount: $3,494
- Date on market: 8/7/2026
- Cumulative days on market: 37 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2026 | Listed for rent | $6,500+30%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/10/2026 | Price change | $574,900-2.4%$399/sqft |
Source: | ||
| 8/7/2026 | Listed for sale | $589,000+27.2%$409/sqft |
Source: | ||
| 7/21/2021 | Sold | $463,000+2%$322/sqft |
Source: Public Record Report a problem | ||
| 6/11/2021 | Pending sale | $454,000$315/sqft |
Source: | ||
| 6/6/2021 | Listed for sale | $454,000+182.5%$315/sqft |
Source: | ||
| 12/24/2018 | Listing removed | $5,000$3/sqft |
Source: WAGNER REALTY #A4204779 Report a problem | ||
| 9/25/2018 | Price change | $5,000-16.7%$3/sqft |
Source: WAGNER REALTY #A4204779 Report a problem | ||
| 8/7/2018 | Price change | $6,000+50%$4/sqft |
Source: WAGNER REALTY #A4204779 Report a problem | ||
| 12/19/2017 | Price change | $4,000+100%$3/sqft |
Source: WAGNER REALTY #A4204779 Report a problem | ||
| 5/18/2017 | Listed for rent | $2,000$1/sqft |
Source: iseemedia #A4186564 Report a problem | ||
| 2/19/2016 | Listing removed | $2,000$1/sqft |
Source: iseemedia #A4110075 Report a problem | ||
| 10/22/2015 | Listed for rent | $2,000$1/sqft |
Source: iseemedia #A4110075 Report a problem | ||
| 3/26/2015 | Listing removed | $2,000-46.7%$1/sqft |
Source: WAGNER REALTY #A4110075 Report a problem | ||
| 12/24/2014 | Listed for rent | $3,750+50%$3/sqft |
Source: WAGNER REALTY #A4110075 Report a problem | ||
| 1/1/2014 | Listing removed | $2,500$2/sqft |
Source: WAGNER REALTY #A3988748 Report a problem | ||
| 11/8/2013 | Listed for rent | $2,500$2/sqft |
Source: WAGNER REALTY #M5841634 Report a problem | ||
| 1/10/2011 | Sold | $160,700-49.8%$112/sqft |
Source: Public Record Report a problem | ||
| 9/9/2004 | Sold | $320,000+106.5%$222/sqft |
Source: Public Record Report a problem | ||
| 9/18/1998 | Sold | $155,000-35.4%$108/sqft |
Source: Public Record Report a problem | ||
| 6/21/1994 | Sold | $239,900+20.6%$167/sqft |
Source: Public Record Report a problem | ||
| 11/2/1993 | Sold | $199,000$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,494 -54.8% | $207,060 -53.4% |
| 2024 | $7,732 +5.9% | $444,675 +10% |
| 2023 | $7,300 +19.8% | $404,250 +10% |
| 2022 | $6,095 +25.4% | $367,500 +33.6% |
| 2021 | $4,859 +2.6% | $275,000 +3.8% |
| 2020 | $4,736 +4.1% | $265,000 +9.5% |
| 2019 | $4,548 | $242,000 +10% |
| 2018 | $4,548 +11.8% | $220,000 +4.5% |
| 2017 | $4,070 +53.4% | $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
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