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Off market
  • $1,329,500

    515 Forest Way, Longboat Key, FL 34228

    3beds
    2,880sqft
    Condominium
    Built in 1989
    -- sqft lot
    $1,329,500 Zestimate®
    $462/sqft
    $7,563 Estimated rent

    Home value

    $1,329,500

    $1.26M - $1.40M

    $7,563/mo

    Zestimate® history
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    What's special

    Investors take notice!! Tremendous income property. Turnkey furnished and ready for your group (Can sleep 8 comfortably). Historically, current owner has made $50k to $60k a year and inquiries are coming in for 2021! Rent immediately, or update and flip this spacious 2880 square ft. 3bedroom, 2 1/2 bath with den/study stand alone condo with elevator has room for all. Extra large, light, bright home. One of a select few stand alone condos in Cedars East. Great location on LBK close to restaurants (The Whitney, The Shore, Mar Vista and Harry's), Beaches and stores. Two large screened decks to enjoy the ocean breeze. Partial gulf view to see the waves. Open Kitchen with two islands provides an exceptional dining /living space, perfect for large gatherings. Enormous Master suite with ensuite bath includes sunken tub, bidet, spacious shower and two walk in closets. Screen deck with hammock is steps off the Master. Additional well appointed bedrooms are on the top floor. Den/office space on the main level can sleep two more. Two private garages for your vehicles and toys with extra parking spaces available. Cedars East is well maintained community with heated Junior Olympic swimming pool, fishing pier and walking trails. Recent improvement include Hardi board siding and rebuilt lanai space in 2018. Owners have the option to join the active tennis center with 10 lighted Har-tru courts, cafe , pro-shop and fitness center.

    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.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Heat pump, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Washer
    • Laundry: Laundry Room
    Features
    • High Ceiling(s), Walk-In Closet(s), Kitchen/Family Room Combo, Elevator
    • Flooring: Tile, Carpet, Hardwood
    • Has fireplace: No
    • Fireplace features: Wood Burning
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 2,880 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    Features
    • Levels: Three Or More
    • Patio & porch: Deck, Screened
    • Exterior features: Stone, Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 7927304878
    • Zoning: R3MX/PC

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Condominium
    Materials
    • masonry
    • Roof: Composition
    Condition
    • Year built: 1989

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Public

    Community & HOA

    Community
    • Subdivision: CEDARS EAST SEC TWO CONDOMI
    HOA
    • Has HOA: Yes
    • Amenities included: Pool, Other
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Trash, Cable TV, Insurance, Maintenance Exterior, Maintenance Repairs, Pest Control, Pool Maintenance, Escrow Reserves Fund
    • HOA fee: $1,112 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $462/sqft
    • Tax assessed value: $348,551
    • Annual tax amount: $5,002
    • Listing terms: Cash, Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    8/6/2026Listing removed$1,420,000$493/sqft
    Source: Stellar MLS #A4679679 Report a problem
    4/3/2026Price change$1,420,000-1.7%$493/sqft
    Source: Stellar MLS #A4679679 Report a problem
    3/5/2026Price change$1,445,000-1.7%$502/sqft
    Source: Stellar MLS #A4679679 Report a problem
    2/17/2026Price change$1,470,000-1.7%$510/sqft
    Source: Stellar MLS #A4679679 Report a problem
    1/23/2026Listed for sale$1,495,000+174.3%$519/sqft
    Source: Stellar MLS #A4679679 Report a problem
    12/1/2020Sold$545,000-2.5%$189/sqft
    Source: Public Record Report a problem
    10/27/2020Pending sale$559,000$194/sqft
    Source: BLUESRQ REAL ESTATE INC #A4465231 Report a problem
    10/20/2020Price change$559,000-4.4%$194/sqft
    Source: BLUESRQ REAL ESTATE INC #A4465231 Report a problem
    6/18/2020Price change$585,000-2.3%$203/sqft
    Source: BLUESRQ REAL ESTATE INC #A4465231 Report a problem
    4/22/2020Price change$599,000-0.1%$208/sqft
    Source: BLUESRQ REAL ESTATE INC #A4465231 Report a problem
    11/5/2019Price change$599,899-4%$208/sqft
    Source: RE/MAX TROPICAL SANDS #A4448308 Report a problem
    10/9/2019Listed for sale$624,888-3.7%$217/sqft
    Source: RE/MAX TROPICAL SANDS #A4448308 Report a problem
    8/17/2019Listing removed$649,000$225/sqft
    Source: Owner Report a problem
    4/15/2019Listed for sale$649,000-1.7%$225/sqft
    Source: Owner Report a problem
    1/31/2019Listing removed$659,900$229/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4403446 Report a problem
    10/15/2018Price change$659,900-2.2%$229/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4403446 Report a problem
    9/6/2018Price change$674,900-3.4%$234/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4403446 Report a problem
    5/21/2018Listed for sale$699,000+17.5%$243/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4403446 Report a problem
    12/15/2005Sold$595,000+75%$207/sqft
    Source: Public Record Report a problem
    7/11/1996Sold$340,000$118/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,002 -57.2%$348,551 -44.3%
    2024$11,699 +5.6%$625,570 +10%
    2023$11,074 +21.6%$568,700 +10%
    2022$9,105 +13.7%$517,000 +10%
    2021$8,005 -3.7%$470,000 -2.9%
    2020$8,309 +4.5%$484,000 +10%
    2019$7,948 $440,000 +10%
    2018$7,948 +12.6%$400,000 +8.4%
    2017$7,057 +45.8%$369,000 +8.6%
    2016$4,841 $339,900
    2015$4,841 $339,900 +17.9%
    2014$4,841 +3.6%$288,401 +3%
    2013$4,672 +467120%$280,001 -3.1%
    2012$1 $288,901 +7%
    2011$1 $270,001 -20.9%
    2010-- $341,398 -4.6%
    2009$5,888 -25.6%$357,828 -27%
    2008$7,915 -9.2%$490,176 -8%
    2007$8,720 -15.7%$532,800 -9.9%
    2006$10,343 +59.9%$591,562 +55%
    2005$6,466 +1.2%$381,760 +3%
    2004$6,389 -6.7%$370,641 +3.5%
    2003$6,851 +15.9%$358,112 +18%
    2002$5,908 +14.5%$303,485 +15%
    2001$5,159 -2%$263,905
    2000$5,262 $263,905
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Anna Maria Elementary
    • Middle: Martha B. King Middle
    • High: Bayshore High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,329,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,329,500