Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

508 FOREST WAY UNIT 508

Townhouse For Sale
$589,000

BTC: 7.61966365

ETH: 240.50632911

90 days
2 bds
2 ba
1,440 sqft

Overview

There is a certain ease to life on Longboat Key, where mornings can begin with a walk to the beach, afternoons unfold by the pool or on the tennis court, and dinner beside the water is never far from home. Set within Cedars East at Cedars Tennis Resort & Club, this beautifully maintained three-level townhome offers a refined way to experience one of Florida’s most desirable barrier-island lifestyles. Natural light is one of the first things you notice. An abundance of windows fills the home with sunshine, creating a bright, calm, and serene atmosphere that feels perfectly suited to its coastal surroundings. New luxury vinyl plank flooring extends through the entry and main living level, giving the home a fresh, cohesive look, while carpeting along the staircase and throughout the third-floor bedroom level adds warmth and comfort to the private spaces. The second floor brings the kitchen, dining, and living areas together in an easy, welcoming flow designed for relaxed everyday living and effortless entertaining. Just beyond the living room, the screened balcony creates a peaceful outdoor retreat for morning coffee, casual dining, quiet reading, or unwinding at the end of the day. A convenient half bath completes this level. Upstairs, the primary suite offers a private ensuite bath with dual sinks and a comfortable sense of separation from the main living areas. The second bedroom features a walk-in closet and is positioned near the full guest bath and upstairs laundry closet. The washer and dryer are approximately three months old and are included with the home. Thoughtful improvements add both style and confidence, including a roof replaced in 2024, a 2024 HVAC system serviced in April 2026, updated interior paint, refreshed flooring, newer toilets, faucets, light fixtures and vents, and a new garage door. Garage parking adds welcome convenience along with room for bicycles, beach equipment, and additional storage. Life at Cedars Tennis Resort & Club is centered around the outdoors and the relaxed sophistication of Longboat Key. Enjoy tennis and pickleball, spend the afternoon by the heated community pool, stay active in the fitness facilities, or gather for a meal without leaving the neighborhood. Nearby beach access makes Gulf days easy to enjoy, while waterfront restaurants, island cafés, marinas, biking routes, and the natural beauty of Longboat Key are all close at hand. For buyers considering investment potential, the property has a strong short-term rental history and is already heavily booked from December through June 2027, offering the advantage of established demand and reservations already in place. All rentals remain subject to current association rules, approval requirements, and the terms of existing reservations. From fresh seafood and sunset dinners to quiet mornings near the shore, this location places the best of Longboat Key within easy reach. St. Armands Circle, Anna Maria Island, and the cultural attractions of Sarasota are also nearby, allowing you to enjoy the island’s peaceful atmosphere without feeling removed from everything the area has to offer. Whether envisioned as a full-time residence, seasonal retreat, or income-producing coastal getaway, this is an opportunity to enjoy thoughtful updates, abundant natural light, resort-inspired amenities, garage parking, and the unmistakable lifestyle of Longboat Key. ¤ Please see 3D Tour and Video ¤

Location

Details

Type:
Residential
Parking:
Garage Door Opener / Ground Level / Guest / Under Building
Year Built:
1990
Lot:
No Data
Heating:
Electric
Price/sqft:
$409
Cooling:
Central Air
HOA:
$2,836

Valuation

Our model vs. what's actually selling nearby.
Estimate
$525,000
$328K – $671K
Confidence Low
List vs. estimate
$64K above estimate
List $589,000 · +12.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$409
+0.0% vs. city median $409
Based on
29 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,494
2025
HOA
$2,836/qtr
Common Area Taxes, Community Pool, Escrow Reserves Fund
View
Garden, Trees/Woods
Garage
1 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Luxury Vinyl

    • Tile

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • PrimaryBedroom Upstairs

    • Split Bedroom

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Garage Door Opener

    • Ground Level

    • Guest

    • Under Building

    Property

    • Levels: Three Or More

    • Exterior Features: Balcony / Garden / Irrigation System / Lighting / Rain Gutters / Sidewalk / Sliding Doors

    Other Property Information

    • Parcel Number: 7927304456

    • Zoning: R3MXPC

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Townhouse

  • Utility

    • Cable Available

    • Electricity Connected

    • Sewer Connected

    • Street Lights

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA: $2,836

    • HOA Frequency: Quarterly

    • Annual tax amount: $3,494

  • Source details

    • MLS ID: N6144572

    Other facts

    • Construction Materials: Wood Frame (FSC Certified)

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Closet / Upper Level

    • Lot Features: Cul-De-Sac / Flood Insurance Required / FloodZone / City Lot / In County / Landscaped / Level / Near Public Transit / Sidewalk

    • Patio And Porch Features: Covered / Enclosed / Rear Porch / Screened

    • Window Features: Blinds / Drapes / Window Treatments

    • Direction Faces: Northwest

    • Architectural Style: Florida

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1440

    • Water Source: Public

    • Subdivision Name: CEDARS EAST SEC 2

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$680,000
House
3 bds · 2 ba · 1,504 sqft
WINDWARD BAY AMD, LONGBOAT KEY
4750 GULF OF MEXICO DRIVE UNIT Villa 8
For Sale
$595,000
Condo/Co-op
2 bds · 2 ba · 1,312 sqft
WINDWARD BAY AMD, LONGBOAT KEY
4540 GULF OF MEXICO DRIVE UNIT 204
New
For Sale
$565,240
House
3 bds · 2 ba · 1,839 sqft
SEAFLOWER, BRADENTON
7941 REFLECTION PARKWAY
New
For Sale
$520,000
Condo/Co-op
2 bds · 2 ba · 1,072 sqft
LONGBOAT HARBOUR, LONGBOAT KEY
4310 FALMOUTH DRIVE UNIT 307
For Sale
$565,000
Condo/Co-op
2 bds · 2 ba · 1,088 sqft
SAINT JUDES APTS, LONGBOAT KEY
713 SAINT JUDES DRIVE S UNIT 2
For Sale
$592,025
House
3 bds · 2 ba · 1,958 sqft
SEAFLOWER, BRADENTON
7937 REFLECTION PARKWAY
For Sale
$509,000
House
3 bds · 2 ba · 1,821 sqft
BAY LAKE ESTATES PH I, BRADENTON
5015 86TH STREET COURT W
For Sale
$450,000
Condo/Co-op
2 bds · 2 ba · 1,327 sqft
SPANISH MAIN YACHT CLUB CONDO, LONGBOAT KEY
711 SPANISH DRIVE S UNIT 211

Market around this address

Live counts in the same area.
View all

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS ISLAND LIFE REAL ESTATE