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$599,900

521 FOREST WAY, LONGBOAT KEY, FL 34228

3D Tour
Active6 days on market

Beds

2

Baths

3

Sq Ft

1,440 sq ft

Year Built

1990

Lot Size

2.12 acres

Garage

2

About This Property

Discover your ultimate island escape in this beautifully updated, fully furnished, and pet-friendly 2-bedroom, 2.5-bathroom townhome located within the desirable Cedars Tennis Resort & Club on Longboat Key. Set across a lush, village-like community enveloped by nature on the island's scenic north end, this property offers a rare combination of relaxed coastal living and an excellent short-term rental opportunity featuring a flexible two-week policy. Step inside to find a turnkey, coastal-chic interior highlighted by crisp shiplap accents, warm wood-style flooring, and elegant metallic hardware throughout. The updated kitchen features white shaker cabinetry, premium stone countertops, custom tile backsplash, and a breakfast bar with seating, all while offering a subtle peekaboo views of the glistening Gulf of Mexico. It flows seamlessly into a bright dining space framed by a shell-pendant chandelier and an inviting living room that opens through sliding glass doors to a private, screened lanai framed by tropical palms and water views. Upstairs, the layout is designed for comfort and convenience. The primary suite serves as a serene retreat with water views, large closet space, and barn-door entry into an upgraded bathroom featuring dual vanities, white shiplap walls, and a walk-in shower with floor-to-ceiling marble tile and gold hardware accents. Just down the hall, the secondary bedroom, which also catches a peekaboo Gullf view, is accompanied by a second full bathroom and ther is also a dedicated upstairs laundry closet with front-loading washer and dryer units. Outside, the property enjoys tranquil views of lush tropical foliage and a quiet island setting, complete with recent structural and mechanical improvements like updated windows, a brand new roof, 2021 air conditioning units, and a private garage with a recently installed hurricane-rated garage door. Cedars Tennis Club provides an unmatched resort-style atmosphere. Meander along lit boardwalks winding through mangroves to access an exceptional array of community amenities, including a heated Junior Olympic-sized swimming pool, a vibrant tiki bar, nine Har-Tru tennis courts, three Har-Tru pickleball courts, a clubhouse with a pro shop, a 24-hour fitness center, an on-site Google 5-star restaurant Hugo's II, a fishing pier, and a kayak launch (please note that some amenities require an additional club membership). This property has been a second home for current long time owners, but similair neighboring properties boasts a proven track record as a lucrative short-term rental, consistently producing roughly $50,000 in net annual revenue after platform fees. Furthermore, it offers a rare level of operational flexibility for Longboat Key, permitting up to 26 rental cycles per year. When you are ready to venture out, you are within easy walking distance of Longboat Key's world-renowned sugary white sand beaches, the tranquil trails of Joan Durante Park, and local culinary staples like Harry's Deli & Continental Kitchen, Lo-Key Bar and Grill and Euphemia Haye Restaurant & The Haye Loft. For broader entertainment, shopping, and cultural experiences, St. Armands Circle, downtown Sarasota, the Ringling Museum complex, Mote Marine and Anna Maria Island are just a short drive away. Whether you are searching for the dream beach house, a lucrative investment property, or your own private full-time retreat complete with stunning evening sunsets, this Longboat Key gem delivers on every front

Property Overview

Property TypeResidential
Sub TypeTownhouse
MLS #A4706685
StatusActive
Year Built1990
Stories3
Total Rooms6
ConstructionBlock, Cement Siding, Wood Frame
RoofShingle
FoundationSlab
FacesWest
SubdivisionCEDARS EAST SEC 2
CountyManatee
OwnershipCondominium
FurnishedFurnished

Interior Features

InteriorBuilt-in Features, Ceiling Fan(s), Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Thermostat, Window Treatments
FlooringLuxury Vinyl, Tile, Hardwood
AppliancesBar Fridge, Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
LaundryInside, Laundry Closet, Upper Level
WindowsDouble Pane Windows, Shades, Window Treatments
CoolingCentral Air
HeatingCentral
SecurityFire Alarm, Fire Sprinkler System, Security System, Smoke Detector(s)

Exterior & Lot

ExteriorLighting, Rain Gutters, Sidewalk, Sliding Doors, Tennis Court(s)
Other StructuresTennis Court(s)
Lot Size2.12 acres (92,138 sq ft)
Lot FeaturesCul-De-Sac, City Lot, Landscaped, Level, Near Golf Course, Near Marina, Near Public Transit, Sidewalk, Street Dead-End
Road SurfacePaved
ViewTrees/Woods, Water
0

Waterfront

WaterfrontYes
FeaturesBay/Harbor Front, Waterfront, Bay/Harbor

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights, Underground Utilities

Parking

GarageYes (2 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$599,900
Annual Taxes$3,494 (2025)
ZoningR3MX/PC
Parcel #7927305008

Schools

ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High

Directions

Gulf of Mexico Dr. to East on Companion Way to Left on Forest Way. Follow to left property on right.

Location

521 FOREST WAY, LONGBOAT KEY, FL 34228

Listing Information

OfficeCENTURY 21 BEGGINS ENTERPRISES
ListedSeptember 18, 2026

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Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$599,900

20% ($119,980)
6.75%

Loan Term

Principal & Interest$3,113
Property Tax (est.)$550
Insurance (est.)$150
Total Monthly$3,813
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $599,900 home in LONGBOAT KEY.

🏛️

FHA Loan

$20,997 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$29,995 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Manatee County SHIP

Varies

Income-qualifying Manatee residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively 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. Data last updated: September 24, 2026.

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