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Overview

2 bd3 ba1,440 sqft1 car garageTownhouse
TypeTownhouse
HOA$2,836/qtr
Built1990
Living area1,440 sqft
Price / sqft$399
Garage1 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Living Room/Dining Room ComboOpen FloorplanPrimarybedroom UpstairsSplit BedroomThermostatWalk-in Closet(s)Window Treatments

508 Forest Way is a 1990-built home in Cedars East Sec 2, Longboat Key. Inside you'll find 2 bedrooms, 3 bathrooms, and 1,440 square feet of living space. Listed at $574,900 (about $399/sqft), 142 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $2,836 quarterly.

From the listing

NEW AND IMPROVED PRICE! There is a certain ease to life on Longboat Key, where mornings can begin with a walk to the beach, afternoons unfold by the pool or on the tennis court, and dinner beside the water is never far from home. Set within Cedars East at Cedars Tennis Resort & Club, this beautifully maintained three-level townhome offers a refined way to experience one of Florida’s most desirable barrier-island lifestyles. Natural light is one of the first things you notice. An abundance of windows fills the home with sunshine, creating a bright, calm, and serene atmosphere that feels perfectly suited to its coastal surroundings. New luxury vinyl plank flooring extends through the entry and main living level, giving the home a fresh, cohesive look, while carpeting along the staircase and throughout the third-floor bedroom level adds warmth and comfort to the private spaces. The second floor brings the kitchen, dining, and living areas together in an easy, welcoming flow designed for relaxed everyday living and effortless entertaining. Just beyond the living room, the screened balcony creates a peaceful outdoor retreat for morning coffee, casual dining, quiet reading, or unwinding at the end of the day. A convenient half bath completes this level. Upstairs, the primary suite offers a private ensuite bath with dual sinks and a comfortable sense of separation from the main living areas. The second bedroom features a walk-in closet and is positioned near the full guest bath and upstairs laundry closet. The washer and dryer are approximately three months old and are included with the home. Thoughtful improvements add both style and confidence, including a roof replaced in 2024, a 2024 HVAC system serviced in April 2026, updated interior paint, refreshed flooring, newer toilets, faucets, light fixtures and vents, and a new garage door. Garage parking adds welcome convenience along with room for bicycles, beach equipment, and additional storage. Life at Cedars Tennis Resort & Club is centered around the outdoors and the relaxed sophistication of Longboat Key. Enjoy tennis and pickleball, spend the afternoon by the heated community pool, stay active in the fitness facilities, or gather for a meal without leaving the neighborhood. Nearby beach access makes Gulf days easy to enjoy, while waterfront restaurants, island cafés, marinas, biking routes, and the natural beauty of Longboat Key are all close at hand. For buyers considering investment potential, the property has a strong short-term rental history and is already heavily booked from December through June 2027, offering the advantage of established demand and reservations already in place. All rentals remain subject to current association rules, approval requirements, and the terms of existing reservations. From fresh seafood and sunset dinners to quiet mornings near the shore, this location places the best of Longboat Key within easy reach. St. Armands Circle, Anna Maria Island, and the cultural attractions of Sarasota are also nearby, allowing you to enjoy the island’s peaceful atmosphere without feeling removed from everything the area has to offer. Whether envisioned as a full-time residence, seasonal retreat, or income-producing coastal getaway, this is an opportunity to enjoy thoughtful updates, abundant natural light, resort-inspired amenities, garage parking, and the unmistakable lifestyle of Longboat Key. ¤ Please see 3D Tour and Video ¤

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The essentials

Built
1990
Price / sqft
$399
On market
142 days
Annual tax
$3,494
HOA
$2,836/qtr
Flood zone
AE
Type
Townhouse

At a glance

Townhouse
3 stories · 1990
Community pool
Fitness center too
1 car garage
Garage Door Opener
Private balcony
Outdoor space
1,440 sqft
Living area

Payment

Est. monthly payment
$4,522/mo
Down payment (20%)
$114,980
Property taxes
$291/mo
HOA
$2,836/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Townhouse
Year Built
1990
Lot
-
Cooling
Central Air
Heating
Electric
Parking
Garage Door Opener, Ground Level, Guest, Basement
Days on Market
142
Ceiling Fans(s)
Living Room/Dining Room Combo
Open Floorplan
Primarybedroom Upstairs
Split Bedroom
Thermostat
Walk-in Closet(s)
Window Treatments
Balcony
Garden
Lighting
Rain Gutters
Sidewalk
Clubhouse
Deed Restrictions
Fitness Center
Pool
Sidewalks
Tennis Court(s)
Street Lights
Dishwasher
Disposal
Dryer
Microwave
Range
Refrigerator
Washer
Flood Zone AE
Annual Tax (2025)
$3,494
Parcel #
7927304456

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Cedars East Sec 2
County
Manatee
MLS Area
34228 - Longboat Key
Lot Size
-
Cul-De-SacFlood Insurance RequiredFloodZoneCity LimitsIn CountyLandscapedLevelNear Public TransitSidewalkPaved
HOA
$2,836/qtr
Coastal Association Management

Price history

Date
Event
Price
9/10/2026
Price change
Source: Stellar MLS #N6144572
$574,900-2.4%
$399/sqft
5/29/2026
Listed for sale
Source: Stellar MLS #N6144572
$589,000
$409/sqft

Neighborhood

508 Forest Way
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $574,900
$565,000 – $574,900
98.3% – 100% of listTops out right at the list price
80% of listList price
40 of the last 79 townhouse or villa closings in Manatee County landed at this number or higher (51%). The median one sat 40 days before it went under contract, and this one is on day 142 after a $14,100 cut.

Sample: 79 closed townhouse or villa sales in Manatee County over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$4,522/mo
Principal & interest$2,998
Property taxes$291
Insurance$287
HOA$945
Down payment20% · $114,980
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$574,900

$399 per sq ft

Beds and baths

2 beds, 3 baths

Size

1,440 sq ft

Time on market

142 days

Year built

1990

Monthly payment

About $4,522/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,494 annual tax bill, insurance, and the $2,836/qtr HOA fee.

HOA fee

$2,836/qtr

Managed by Coastal Association Management.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

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Brokered byKELLER WILLIAMS ISLAND LIFE REAL ESTATEListing agent: Kevin HanleyListing data from Stellar MLS, MLS# N6144572.

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