521 Forest WayLongboat Key, FL 34228

Description

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 Information

Property type

Residential

Sub-type

Townhouse

Style

Coastal / Elevated / Traditional

Year built

1990

Stories

3

Living area

1,440 Sq Ft

Lot size

2.12 acres

Garage spaces

2

Ownership

Condominium

Zoning

R3MX/PC

Days on market

16

MLS^® Listing#

A4706685

Property Features

Interior

Built-in Features · Open Floorplan · Stone Counters

Exterior

Lighting · Rain Gutters · Tennis Court(s) · Dock

Appliances

Bar Fridge · Dishwasher · Disposal · Dryer · Microwave · Range · Range Hood · Refrigerator · Washer

Cooling

Central Air

Heating

Central

Flooring

Tile · Wood

Parking

Oversized · Attached

Laundry

Inside · Laundry Closet · Upper Level

Patio

Covered · Rear Porch · Screened

Lot features

Cul-De-Sac · Landscaped · Level · Near Golf Course · Near Public Transit · Paved · Private · Waterfront

Construction

Block · Cement Siding · Frame

Foundation

Slab

Roof

Shingle

Windows

Window Coverings · Double Pane Windows · Window Treatments

Security

Fire Alarm · Fire Sprinkler System · Security System · Smoke Detector(s)

Other structures

Tennis Court(s)

Community

Clubhouse · Fitness Center · Pool · Restaurant · Sidewalks · Tennis Court(s) · Street Lights

Utilities

Cable Available · Cable Connected · Electricity Connected · Sewer Connected · Underground Utilities

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Anna Maria Elementary

Middle

Martha B. King Middle

High

Bayshore High

Financial Details

HOA

None

Annual taxes

$3,494Tax year 2025

Parcel number

7927305008

Directions

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