539 FOREST WAY, #539
Longboat Key, FL 34228
$619,000
Open Houses
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 ...
Listing Courtesy of: PREMIER SOTHEBY'S INTERNATIONAL REALTY
941-383-2500
| Listing Id: | A4706129 |
|---|---|
| List Price: | $619,000 |
| Property Type: | Residential |
| Property Sub Type: | Townhouse |
| Status: | Active |
| Bedrooms Total: | 2 |
| Bathrooms Full: | 2 |
| Bathrooms Half: | 1 |
| Living Area: | 1,440 |
| Condo Fees: | 2,836.0 |
| Tax Annual Amount: | $3,954 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Longboat Key |
| County Or Parish: | Manatee |
| Subdivision Name: | Cedars East Sec 2 |
| Postal Code: | 34228 |
| Year Built: | 1990 |
| Additional Parcels?: | No |
| Appliances: | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| Association Amenities: | Maintenance |
| Association Fee Frequency: | Quarterly |
| Association Fee Includes: | Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Private Road, Sewer, Trash, Water |
| Attached Garage?: | Yes |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 2268 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Direction Faces: | West |
| Foundation Details: | Slab |
| Construction Materials: | Block, Cement Siding, Frame |
| Cooling: | Central Air |
| Directions: | Drive north on Gulf of Mexico Drive. Turn right onto Companion Way at Cedars East. Take the first left onto Forest Way and follow Forest Way toward the end. 539 Forest Way will be on the right. |
| Exterior Features: | Balcony, Lighting, Rain Gutters |
| Flooring: | Luxury Vinyl, Tile |
| Furnished: | Furnished |
| Garage Spaces: | 1 |
| Garage?: | Yes |
| Community Features: | Buyer Approval Required, Deed Restrictions, Fitness Center, Pool, Tennis Court(s) |
| Heating: | Central, Electric |
| Interior Features: | Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments |
| Laundry Features: | Upper Level |
| Levels: | Three Or More |
| Ownership: | Condominium |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved |
| Postal Code Plus4: | 1840 |
| MLS Area Major: | 34228 - Longboat Key |
| MLS Area Major: | 34228 - Longboat Key |
| Original List Price: | $639,000 |
| Other Equipment: | Irrigation Equipment |
| Parcel Number: | 7927305453 |
| Parking Features: | Common, Driveway, Garage Door Opener, Ground Level, Guest, Open, Oversized |
| Patio And Porch Features: | Covered, Rear Porch, Screened |
| Pets Allowed: | Cats OK, Dogs OK, Number Limit, Size Limit, Yes |
| Pool Features: | In Ground |
| Property Attached?: | Yes |
| Stories Total: | 3 |
| Township: | 35S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | Yes |
| Utilities: | BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected |
| View: | Tennis Court, Trees/Woods |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 16E |
| Public Survey Section: | 26 |
| Zoning: | R3MX/PC |
| Possession: | Close Of Escrow |
| Spa?: | No |
| Window Features: | Blinds |
| Home Warranty?: | No |
| Additional Lease Restrictions: | see Condo docs and management |
| Approval Process: | See Condo Docs and Management for Buyer approval form |
| Association Approval Required Yn: | Yes |
| Association Email: | bmacdonald@camgtfl.com |
| Association Fee Requirement: | Required |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 210.70 |
| Building Elevator Yn: | No |
| Building Name Number: | NA |
| Calculated List Price By Calcula: | 429.86 |
| Cddyn: | No |
| Condo Fees Term: | Quarterly |
| Condo Land Included Yn: | Yes |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4706129?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4706129?w=Customer |
| Dpryn: | Yes |
| Exist Lse Tenant Yn: | No |
| Flood Zone Code: | AE |
| Floor Number: | 1 |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | Yes |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 133.78 |
| Lot Size Square Meters: | 0 |
| Max Pet Weight: | 35 |
| Minimum Lease: | 2 Weeks |
| Monthly Condo Fee Amount: | $945 |
| Number Of Pets: | 2 |
| Num Times per Year: | 26 |
| Pet Restrictions: | See community by laws |
| Pet Size: | Small (16-35 Lbs.) |
| Property Description: | Elevated |
| Realtor Info: | Lease Restrictions, No Sign, Short Term Rental Allowed |
| Room Count: | 7 |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Cedars East |
| Total Acreage: | Non-Applicable |
| Total Annual Fees: | $11,344 |
| Total Monthly Fees: | $945 |
| Unit Number Yn: | No |
| Water Access: | Bay/Harbor |
| Water Access Yn: | Yes |
| Water Extras: | Fishing Pier |
| Water Extras Yn: | Yes |
| Water View: | No |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Association Name: | Coastal Association Management/Bob MacDonald |
| Association Phone: | 941-302-9816 |
| Association 2 Yn: | 0 |
| Attribution Contact: | 941-383-2500 |
| Originating System Name : | Stellar MLS |
| Community Association Water Features: | Fishing, Water Access, Waterfront |
| Dock Description: | Dock - Composite |
| Dock Yn: | No |
| In Law Suite Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-09-14 |
| Fireplace?: | No |
| Pool Private?: | No |
| New Construction?: | No |
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Property Last Updated: November 06, 2026 01:53 PM - ET
