539 Forest Way Unit 539, Longboat Key, FL 34228
- $639,000
- 2
- BD
- 3
- BA
- 1,440
- SqFt
- List Price
- $639,000
- MLS#
- A4706129
- Type
- Condo
- Property Style
- Condo
- Bedrooms
- 2
- Bathrooms
- 3
- Living Area
- 1,440
- Subdivision
- Cedars East
- Year Built
- 1990
Property 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, 2½-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.
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Additional Information
- Condo Maint. Fee
- $2836
- Condo Maint. Fee Schedule
- Quarterly
- Community Features
- Buyer Approval Required, Deed Restrictions, Fitness Center, Pool, Tennis Court(s), Maintenance Free
- Style
- Three+ Story, Attached
- Exterior Construction
- Block, Cement Siding, Frame
- HOA Schedule
- Quarterly
- Mnthly. Maint. Incl.
- Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Private Road, Sewer, Trash, Water
- Interior
- Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments
- Interior Features
- Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Exterior
- Balcony, Lighting, Rain Gutters
- Roof
- Shingle
- Located Near
- Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
- Garage
- Common, Driveway, Garage Door Opener, Ground Level, Guest, Open, Oversized
- Floor
- Luxury Vinyl, Tile
- Heating
- Central, Electric
- Cooling
- Central Air
- Pool
- Yes
- Pool Type
- Community
- Water
- Boatable Water, Bay Front
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY.
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