511 Forest WAY, Longboat Key, FL, 34228 | $670,000

New Opportunity, Here Now! Walk right into instant income with appx $40k on the books for future seasonal rental. A beautifully maintained Townhome in Cedars East Fitness & Tennis Resort. Ideally, it is located in a private location of Cedars East. Easy access to our island's long walking/bike path with easy access to one of our best beach accesses. End unit with enchanting tropical foliage views and war, southern exposure light from almost every window. Excellent price positioning on this particular location. The open, spacious, private light combined with the tropical foliage will absolutely put you in that relaxed island-life state of mind. This beautiful home, with its high ceilings and open flowing floor plan, features an open kitchen with the snack bar leading right into the dining and family room, giving you an open and spacious living area. This home has gorgeous colors and materials throughout the entire interior. Ceramic tile through the whole first floor. The kitchen offers updated countertops, cabinets, and appliances. The primary bedroom is oversized with a wall of windows offering those wooded views of our tropical island foliage. The Master bathroom is large with his and her vanities. Lanai off the family room is a peaceful oasis surrounded by an island landscape and complete privacy. The exterior was resided w/ maintenance-free Hardi Board Siding along w/ newer windowswhere installed. The oversized garage with a large storage closet is perfect for all the hobbies and is a very rare asset on Longboat Key. Additional recent improvements include new AC condensers on both machines. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach and bay on the beautiful north end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop, 24hr Fitness Center, Tiki bar, Restaurant, Fishing Pier & kayak launch. Some amenities require additional membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft, and, of course, Longboat Key's world-famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand?s Circle - famous for world-class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership, property w/ Townhome Design, is perfect for seasonal or year-round living. Convenient on-site rental mgmt company, if desired, with a convenient 2-week minimum rental policy w/in the community. Current seller has multiple repeat clients that would be interested in rebooking in the future and excellent future bookings, projections and rental history to share. Cedars is also a pet-friendly community!! Finally, the sellers are offering completely turn-key furnished (Excluding very limited personal items) to make your move seamless so, as you can see, what a property for your new beach residence.

Features

  • Amenities: Cable TV, Clubhouse, Pool
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Closet
  • Style: Elevated, Traditional
  • Year Built: 1990
  • Garage: 2-car Ground Level, Guest, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,440
  • Est. Taxes: $6,667
  • HOA Fee: $2,719 Quarterly
  • Lot Desc: Conservation Area, Cul-De-Sac, City Lot, Landscaped, Near Marina, Sidewalk, Street Dead-End
  • View: Trees/Woods
  • Elem. School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Pool: Gunite, Heated, In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4610363
  • Days on Market: 118 days
  • Website: https://www.raveis.com
    /prop/A4610363/511forestway_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 9/28/2024 6:04:31 PM)
Listing courtesy of CENTURY 21 BEGGINS ENTERPRISES   Phone: 941-387-8888

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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511 Forest WAY, Longboat Key, FL, 34228

$670,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $536,000 $536,000 $536,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.512% 6.273% 5.248%
Monthly Tax Payment $556 $556 $556
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,344 $3,257 $4,236
Total Monthly Payment $3,992 $3,905 $4,884

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.