Putnam Realty GroupFlorida Home Value AI · Michael Putnam, Sales Associate

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539 FOREST WAY #539
$639,000

539 FOREST WAY #539

LONGBOAT KEY, FL 34228 · Condominium

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Bedrooms2
Bathrooms2 full, 1 half
Living area1,440 Sq. Ft.
Total area2,268 Sq. Ft.
Year built1990
Garage1 spaces, attached
Stories3
Flood zoneAE
SubdivisionCEDARS EAST SEC 2
Days on market14
MLS numberMFRA4706129

Property taxes: $3,954 (2025) is the current owner's bill. In Florida the bill usually goes up after a sale, when the homestead cap and exemption go away. See what yours would be.

About this home

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.

Features

InteriorCeiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
FlooringLuxury Vinyl, Tile
LaundryUpper Level
WindowsBlinds
ExteriorBalcony, Lighting, Rain Gutters
Patio and porchCovered, Rear Porch, Screened
PoolIn Ground
ViewTennis Court, Trees/Woods
ParkingCommon, Driveway, Garage Door Opener, Ground Level, Guest, Open, Oversized
ConstructionBlock, Cement Siding, Frame
RoofShingle
FoundationSlab
StyleTraditional
LevelsThree Or More
FacesWest
HeatingCentral, Electric
CoolingCentral Air
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
SewerPublic Sewer
WaterPublic
CommunityBuyer Approval Required, Deed Restrictions, Fitness Center, Pool, Tennis Court(s)
Association amenitiesMaintenance
HOA fee includesCable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Private Road, Sewer, Trash, Water
PetsCats OK, Dogs OK, Number Limit, Size Limit, Yes
FurnishedFurnished
Sale conditionsNone
CountyManatee

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Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY, 941-383-2500 (Sharon Austin). Stellar MLS via MLS GRID.

Listings courtesy of Stellar MLS as distributed by MLS GRID. Information is deemed reliable but is not guaranteed accurate by Stellar MLS, MLS GRID, or Putnam Realty Group, and should be independently verified. This 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. Properties may be listed by brokerages other than Putnam Realty Group. To report an inaccuracy, contact Michael Putnam at 941-662-9941 or [email protected].