515 Forest Way, FL

$1,420,000

515 Forest Way

Longboat Key, FL 34228

Active
4
Beds
3
Baths
2,880
Sq Ft
0
Acres
1989
Built
WaterfrontWater accessFireplace3-car garage$493/sqft
Single Family Residence

Property type

1989

Year built

$493

Price / sq ft

$1,698/mo

HOA dues

98

Days on market

3

Garage spaces

AE

Flood zone

About this home

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!

Estimated monthly payment

Principal & interest$7,180
Property taxes$400
Home insurance (est.)$651
HOA dues$1,698

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history98 days on market

  1. Status: Active
    Jan 23, 2026
  2. Listed$1,495,000
    Jan 23, 2026
  3. Price reduced$1,420,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
98
Subdivision
Cedars East Sec 2
County
Manatee
Year built
1989
Living area
2,880 sq ft
Price/sq ft
$493
Building area
4,536 sq ft (Public Records)
Lot size
0 sq ft
Lot category
Non-Applicable
Flood zone
AE (12081C0291F)
Garage
3 spaces
Annual taxes
$4,802 (2025)
Parcel #
7927304878
Zoning
R3MX/PC
MLS #
A4679679

Interior Details

Bedrooms
4
Full bathrooms
3
Flooring
Carpet, Ceramic Tile, Tile, Wood
Appliances
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Interior features
Built-in Features, Ceiling Fans(s), Dry Bar, Eat-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
Laundry
Inside
Stories / Levels
Three Or More
Direction faces
South
Fireplace
Yes

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Garage spaces
3
Attached garage
Yes
Parking features
Covered, Driveway, Garage Door Opener, Ground Level, Guest, Oversized, Garage

HOA & Financial

HOA fee
$5,094 / Quarterly
Monthly HOA
$1,698/mo
Total monthly fees
$1,698/mo
Total annual fees
$20,376
HOA name
N/A
CDD
No
Homestead exemption
Yes
Min lease term
2 Weeks
Listing terms
Cash, Conventional
Ownership
Condominium
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Balcony, Lighting, Private Mailbox, Rain Gutters, Sliding Doors
Construction materials
Block, Cement Siding
Roof
Shingle
Foundation
Basement
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Public, Sewer Connected, Underground Utilities, Water Connected

Community

Pets allowed
Yes

Schools

ElementaryAnna Maria ElementaryGreatSchools ↗
MiddleMartha B. King MiddleGreatSchools ↗
High SchoolBayshore HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

RoomLevelDimensions
Living RoomSecond18x22
Dining RoomSecond17x11
KitchenSecond14x11
Bedroom 4Second14x11
Bedroom 3Third13x11
Bedroom 2Third13x11
Primary BedroomThird14x14
Primary BathroomThird16x12

Listing Details

Listing date
2026-01-23
On market date
2026-01-23
Original list price
$1,495,000
Occupant type
Owner
MLS area
34228 - Longboat Key
Listing AOR
Sarasota - Manatee
Status changed
2026-01-23
Tax legal description
UNITS 11 & 12, SECTION TWO CEDARS EAST CONDO PI#79273.0487/8

Flood risk

High riskFEMA Zone AEPanel 12081C0291F

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Gulf of Mexcio Dr. to East on Companion Way to First left on Forest Way. 515 Forest Way directly ahead.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively 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.

Based on information submitted to the MLS GRID as of May 1, 2026 at 1:26 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA