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515 FOREST WAY

House For Sale
$1,420,000

BTC: 23.12703583

ETH: 813.28751432

-$75K (2026/04/03)
134 days
Waterfront
4 bds
3 ba
2,880 sqft

Overview

NEW PRICE, AMAZING OPPORTUNITY!!! Experience the ultimate island lifestyle in this masterfully renovated 2,880 sqft, 4 Bed/3 Bath "lock-and-leave" condo at Cedars Tennis Resort and Club. Elevated sanctuary on the tranquil north end of Longboat Key. Offering the expansive feel of a single-family residence with the effortless "lock-and-leave" ease of being in the beautiful condo community of Cedars Tennis Resort and Club. This exquisite 4BR/3BA retreat defines coastal chic. A private elevator serves all three levels, opening into a sun-drenched great room with soaring ceilings, a fireplace, and a gourmet kitchen featuring dual islands and designer finishes. The refined dining room opens right off of this space with its custom built-in cabinetry and dry bar, ideal for any social gathering. Relax on your private, screened lanais overlooking lush tropical foliage and serene ponds, with peek-a-boo views of the Gulf. There is one on each living level. Rounding out the main living area is a versatile den/office (currently used as the 4th bedroom), a full third bathroom, beautiful hardwood floors throughout and a dedicated laundry room. The primary suite is a true oasis with a spa-inspired sunken bath, large walk-in shower, dual vanities and walk-in closets. Upstairs beyond the oasis of a primary there are two additional oversized guest bedrooms and a beautifully renovated guest bathroom with a walk-in shower. Recent updates beyond the full interior renovation include 2026 garage door replacements, and 2024 roof and AC replacement. Hardi- Board siding on exterior and Pella high-impact windows. The split 3-car garage provides total peace of mind and the rare abundance of space and storage. Nestled in the 66-acre village-like townhome community enveloped by nature, providing effortless access to both the beach and the bay on the beautiful north end of Longboat Key. The spacious and tropical community features lit boardwalks winding through mangroves, leading to an array of exceptional amenities including a heated Jr. Olympic Size Pool, nine Har-Tru Tennis Courts, three Pickleball courts, a Clubhouse with a Pro-Shop, a 24-hour Fitness Center, a Tiki bar, a restaurant, a fishing pier, and a kayak launch. Please note that some amenities require an additional club membership. The property is within walking distance to a variety of local attractions, such as Harry's Deli & Continental Kitchen, the true island gem that is Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft, and, of course, Longboat Key's globally renowned sugary white sand beaches. Furthermore, it offers convenient proximity to other major attractions and cultural venues, including St. Armand's Circle, Mote Aquarium, the Asolo Repertory Theatre, Van Zel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, the Ringling Museum complex, and numerous dining options on Longboat Key and in downtown Sarasota. Cedars East is the rare community on LBK that offers shorter-term rental allowance with its 2-week minimum, making it the perfect balance for offsetting costs when not in use, without living in a hotel community. Exceptional onsite management is in place if desired. Fantastic residence, rare opportunity, come take a look today!

Location

Details

Type:
Residential
Parking:
Covered / Driveway / Garage Door Opener / Ground Level / Guest / Oversized / Split Garage
Year Built:
1989
Lot:
No Data
Heating:
Central
Price/sqft:
$493
Cooling:
Central Air
HOA:
$5,094

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,899,000
$1.3M – $2.3M
Confidence Low
List vs. estimate
$479K below estimate
List $1,420,000 · -25.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$493
-40.5% vs. city median $828
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,802
2025
HOA
$5,094/qtr
Cable TV, Community Pool, Escrow Reserves Fund
View
Trees/Woods, Water
Waterfront
Bay/Harbor Front, Waterfront
Garage
3 car garage
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Porcelain Tile

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Dry Bar

    • Eating Space In Kitchen

    • Elevator

    • High Ceilings

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • PrimaryBedroom Upstairs

    • Solid Surface Counters

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Parking

    • Covered

    • Driveway

    • Garage Door Opener

    • Ground Level

    • Guest

    • Oversized

    • Split Garage

    Property

    • Levels: Three Or More

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

    Other Property Information

    • Parcel Number: 7927304878

    • Zoning: R3MX/PC

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Fiber Optics

    • Public

    • Sewer Connected

    • Street Lights

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA: $5,094

    • HOA Frequency: Quarterly

    • Annual tax amount: $4,802

  • Source details

    • MLS ID: A4679679

    Other facts

    • Construction Materials: Block / Cement Siding

    • Foundation Details: Basement

    • Fireplace Features: Family Room

    • Laundry Features: Inside

    • Lot Features: Landscaped / Near Marina / Near Public Transit / Sidewalk / Street Dead-End

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

    • Window Features: Blinds / Storm Window(s) / Window Treatments

    • Direction Faces: South

    • Architectural Style: Traditional

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: SARASOTA BAY

    • Garage Spaces: 3

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2880

    • 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: CENTURY 21 BEGGINS ENTERPRISES