This home's estimate is 17.3% higher than the average sale price ($738K) of 6 comparable homes.
Search- Overview
- Sale & tax history
- Property details
- Neighborhood
- Climate
515 Forest Way, Longboat Key, FL 34228
About this home
Investors take notice!! Tremendous income property. Turnkey furnished and ready for your group (Can sleep 8 comfortably). Historically, current owner has made $50k to $60k a year and inquiries are coming in for 2021! Rent immediately, or update and flip this spacious 2880 square ft. 3bedroom, 2 1/2 bath with den/study stand alone condo with elevator has room for all. Extra large, light, bright home. One of a select few stand alone condos in Cedars East. Great location on LBK close to restaurants (The Whitney, The Shore, Mar Vista and Harry's), Beaches and stores. Two large screened decks to enjoy the ocean breeze. Partial gulf view to see the waves. Open Kitchen with two islands provides an exceptional dining /living space, perfect for large gatherings. Enormous Master suite with ensuite bath includes sunken tub, bidet, spacious shower and two walk in closets. Screen deck with hammock is steps off the Master. Additional well appointed bedrooms are on the top floor. Den/office space on the main level can sleep two more. Two private garages for your vehicles and toys with extra parking spaces available. Cedars East is well maintained community with heated Junior Olympic swimming pool, fishing pier and walking trails. Recent improvement include Hardi board siding and rebuilt lanai space in 2018. Owners have the option to join the active tennis center with 10 lighted Har-tru courts, cafe , pro-shop and fitness center.
Redfin Estimate
Earn from this home
List your home with Redfin and save $8,656
Get cash now or lower your monthly rate
List your home for rent
Market trends in 34228, FL
Last updated September 2026
Buyer's Market
Seller's Market
Buyer's market
See all
Provided by Redfin
Sale history for 515 Forest Way
$189/sq ft
$194/sq ft
$203/sq ft
$208/sq ft
$118/sq ft
Tax history for 515 Forest Way
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Garage Door Opener, Guest
- Garage Spaces: 2
- Has Carport
- Carport Spaces: 2
- Has Attached Garage
- Has Garage
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 3
- Bathroom Information
- # of Full Baths (Total): 2
- # of Half Baths (Total): 1
- Laundry Room Information
- Laundry Features: Laundry Room
- Other Rooms Information
- Additional Rooms: Den/Library/Office
- # of Rooms: 8
- Fireplace Information
- Has Fireplace
- Fireplace Features: Wood Burning
- Heating & Cooling
- Heating Information: Heat Pump
- Cooling Information: Central Air, Zoned
- Interior Features
- Interior Features: Elevator, High Ceilings, Kitchen/Family Room Combo, Walk-in Closet(s)
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
- Flooring: Carpet, Tile, Wood
- Building Elevator YN: 1
Exterior
- Building Information
- Construction Materials: Cement Siding
- Roof: Shingle
- Exterior Features
- Patio And Porch Features: Deck, Screened
- Exterior Features: Rain Gutters, Sidewalk
- Waterfront Information
- Waterfront Feet Total: 0
- Water View Y/N: 1
- Water View Description: Gulf/Ocean - Partial
- Water Access Y/N: 1
- Water Access Description: Beach - Public
- Water Extras Y/N: 1
- Water Extras Description: Fishing Pier
- Property Information
- CDD Y/N: 0
- Homestead Y/N: 0
- Property Type: Residential
- Property Sub Type: Condominium
- Zoning: R3MX/PC
- Building Information
- MFR_BuildingAreaTotalSrchSqM: 421.41
- MFR_BuildingNameNumber: N/A
Financial
- Tax Information
- Tax Annual Amount: $7,947.78
- Tax Year: 2019
- Lease / Rent Details
- Lease Restrictions YN: 1
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Utilities: Cable Available, Public
Location
- Multi-Family Financial Information
- Total Annual Fees: $13,344
- Total Monthly Fees: $1,112
- Multi-Unit Information
- Unit Number YN: 1
- Furnished: Turnkey
- HOA Information
- Association Name: Lighthouse Property Management/Heather Hill
- Has HOA
- Montly Maintenance Amount In Addition To HOA Dues: 0
- Association Fee Requirement: None
- Association Approval Required Y/N: 1
- Association Amenities: Other, Pool
- Association Fee Frequency: Monthly
- Association Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Pool, Recreational Facilities, Trash
- School Information
- Elementary School: Anna Maria Elementary
- Middle Or Junior High School: Martha B. King Middle
- High School: Bayshore High
- Location Information
- Directions: North on Gulf of Mexico Dr. Turn right on Companion Way. First left on Forest Way. 515 is straight ahead.
- Condo Information
- Floor Number: 1
- Monthly Condo Fee Amount: 1112
- Condo Land Included Y/N: 0
- Condo Fees Term: Quarterly
- Condo Fees: 3336
- Community Information
- Community Features: Deed Restrictions, Fishing, Pool, Tennis Courts
- Pets Allowed: Yes
- Max Pet Weight: 0
Public facts
- Beds: 3
- Baths: 2.5
- Sq. Ft.: 2,880
- Stories: 2.0
- Lot Size: —
- Style: Condo/Co-op
- Year Built: 1989
- Year Renovated: 2001
- County: Manatee County
- APN: 7927304878
Other
- Miscellaneous Information
- Third Party YN: 1
- Listing Information
- Previous Status: Pending
- Backups Requested YN: 1
- Listing Date Information
- Days to Contract: 188
- Status Contractual Search Date: 2020-11-30
- Listing Price Information
- Calculated List Price By Calculated Sq Ft: 194.10
- Green Information
- Green Verification Count: 0
- Direction Faces: South
- Home Information
- Living Area: 2880
- Living Area Units: Square Feet
- Living Area Source: Public Records
- Living Area Meters: 267.56
- Building Area Total: 4536
- Building Area Units: Square Feet
- Building Area Source: Public Records
- Foundation Details: Slab
- Stories Total: 3
- Levels: Three Or More
Around this home
Schools
Public PreK-5 • Assigned • 6.7mi
Public 8-12 • Assigned • 4.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 80%+ chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 106° expected this year, 29 days in 30 years
99% chance of strong winds in next 30 years
2 unhealthy days expected this year, 2 days in 30 years
Sun exposure
Exceptional sunlight
SunscoreThis home receives average direct sun exposure in Longboat Key. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Nearby similar homes
New listings for sale in 34228
Home values near 515 Forest Way
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1440 Sq. Ft. | $568,406 |
2 Beds | 2.5 Baths | 1440 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1440 Sq. Ft. | $487,783 |
2 Beds | 2.5 Baths | 1440 Sq. Ft. | $550,483 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2.5 Baths | 1440 Sq. Ft. | $542,019 |
2 Beds | 2 Baths | 1440 Sq. Ft. | $551,615 |
More real estate resources
- Zip Codes
- Cities
- Neighborhoods
- Popular Searches
| 34207 homes for sale | |||
| 34228 homes for sale | |||
| 34210 homes for sale |
| St. Petersburg homes for sale | |||
| Venice homes for sale | |||
| Sarasota homes for sale |
| Longboat Key Club homes for sale | |||
| Bay Shore Gardens homes for sale | |||
| Spanish Main Yacht Club Condominiums homes for sale | |||
| Beachplace homes for sale | |||
| Longboat Shores homes for sale |
Find us
Subsidiaries
Affiliated Business
Copyright: © 2026 Redfin. All rights reserved.
Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.
Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.









































United States
Canada