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539 FOREST WAY UNIT 539

Condo/Co-op For Sale
$639,000

BTC: 7.68583113

ETH: 241.13207547

6 days
2 bds
2 ba
1,440 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Common / Driveway / Garage Door Opener / Ground Level / Guest / Open / Oversized
Year Built:
1990
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$444
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$261,250
$175K – $606K
Confidence Low
List vs. estimate
$377K above estimate
List $639,000 · +144.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$443
-22.7% vs. city median $573
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,954
2025
Pool
In Ground
View
Tennis Court, Trees/Woods
Garage
1 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    • Porcelain Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • PrimaryBedroom Upstairs

    • Solid Surface Counters

    • Split Bedroom

    • Stone Counters

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Common

    • Driveway

    • Garage Door Opener

    • Ground Level

    • Guest

    • Open

    • Oversized

    Property

    • Levels: Three Or More

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

    Other Property Information

    • Parcel Number: 7927305453

    • Zoning: R3MX/PC

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA Frequency: Quarterly

    • Annual tax amount: $3,954

  • Source details

    • MLS ID: A4706129

    Other facts

    • Construction Materials: Block / Cement Siding / Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Upper Level

    • Lot Features: Cul-De-Sac / Landscaped / Level / Street Dead-End

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

    • Pool Features: In Ground

    • Window Features: Blinds

    • Direction Faces: West

    • Architectural Style: Traditional

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1440

    • Water Source: Public

    • Subdivision Name: CEDARS EAST SEC 2

Private inquiry
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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: PREMIER SOTHEBY'S INTERNATIONAL REALTY