847 Evergreen Way · Longboat Key, FL 34228

$599,000

2 bd · 2.0 ba · 1,440 sqft · Condo public records · 274 Days on market

Built 1991 $874/mo HOA · 14% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• DSCR +5.5/10.0
• Appreciation +5.4/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

Key facts

• Turnkey furnished
• Gourmet kitchen
• Laundry on top floor

Tags

• TURNKEY FURNISHED
• GOURMET KITCHEN
• SPA INSPIRED BATHROOMS
• PRIVATE OVERSIZED GARAGE
• LAUNDRY ON TOP FLOOR
• RESORT LIKE AMENITIES

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Total annual fees listed as $10,492 and total monthly fees as $874.33
• HOA & community: Has HOA (quarterly fees; association requires approval); Monthly condo fee shown as $874 (quarterly term / condo fees listed as 2623); Association fee includes common area taxes, pool, insurance, structure maintenance, grounds maintenance, management, private road, recreational facilities, and trash; Community features: clubhouse, fitness center, pool, tennis courts, sidewalks, golf carts allowed, association-owned recreational facilities; Pets allowed with breed restrictions and 30 lb max

Exterior

• Parking: Attached 2-car garage (12x28)
• Utilities: Private water source; Public sewer; Broadband/high-speed internet available; Cable available; Electricity available
• Home design: Townhouse; Residential property; Faces north; Three or more levels; Entry on private maintained road
• Construction: Shingle roof; Slab foundation; Building name/complex: CEDARS EAST 3; Built on a 3.12 acre parcel (private maintained asphalt road)
• Exterior features: Balcony; Sliding doors; Walking/kayak/canoe/SUP access directly to bay; Community fishing pier

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Disposal; Microwave; Range; Refrigerator; Eat-in kitchen layout
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full baths; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; High ceilings; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Thermostat; Window treatments
• Laundry & utility: Washer and dryer included; Laundry located inside on upper level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $599k.

Deal economics

• At list price, monthly cash flow is $54 ($650/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $599k).
• Recommended offer: $527k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 0.5% in Longboat Key — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#693 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: schools C-, housing C-, amenities F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 539 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $6,360/mo this rent would consume 48% of the median local household income ($158k/yr) (locally 98% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $9k of equity ($4k loan paydown + $4k appreciation (0.7% local appreciation)).
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.7% appreciation + 3.0% rent growth), your $168k cash investment doubles in ~10 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($527k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 19y ago; this cycle's ask has dropped $40k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $527,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 7.26%
• Cash-on-cash: 3.44%
• DSCR: 1.15
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.04×
• Total profit: $7,325
• Equity at exit: $196,048

10-year hold

• IRR: 5.9%
• Equity multiple: 1.69×
• Total profit: $116,112
• Equity at exit: $254,125

Cash invested: $167,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34228

• Home prices YoY: 0.3%
• Active inventory: 539
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $6,360 high
• Mortgage (P&I): −$3,141
• Tax from tax record: −$279 /mo · $3,343/yr
• Insurance: −$250
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$874
• Vacancy / Maint / Mgmt: −$1,336
• Net cashflow: $54

Break-even live

Break-even rent $6,291

Max offer price $599,000

Occupancy floor 94%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $149,750
• Closing costs: $17,970
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
914 Spanish Dr S #76 Longboat Key, FL	2.0	2.0	1341	$6,500	$4.85	23d	1	0.04mi
820 Spanish Dr S Longboat Key, FL	2.0	2.0	1390	$3,000	$2.16	16d	1	0.11mi
957 Spanish Dr N Longboat Key, FL	2.0	2.0	1399	$5,500	$3.93	23d	1	0.13mi
730 Spanish Dr S #99 Longboat Key, FL	2.0	2.0	1255	$2,800	$2.23	2d	1	0.20mi
655 Cedars Ct #655 Longboat Key, FL	1.0	2.0	1244	$7,000	$5.63	23d	1	0.24mi
676 El Centro Longboat Key, FL	2.0	2.0	1427	$3,250	$2.28	23d	1	0.26mi
573 Spanish Dr N Longboat Key, FL	2.0	2.0	1380	$3,500	$2.54	16d	1	0.38mi
535 Forest Way Longboat Key, FL	2.0	2.5	1440	$6,900	$4.79	23d	1	0.40mi
5621 Gulf of Mexico Dr #103 Longboat Key, FL	3.0	2.0	1731	$5,500	$3.18	23d	1	0.50mi
5621 Gulf of Mexico Dr #102 Longboat Key, FL	2.0	2.0	1346	$6,000	$4.46	23d	1	0.50mi
5611 Gulf of Mexico Dr #3 Longboat Key, FL	3.0	2.0	1635	$5,000	$3.06	23d	1	0.51mi
5611 Gulf of Mexico Dr #5 Longboat Key, FL	3.0	3.0	1672	$7,750	$4.64	23d	1	0.51mi
5611 Gulf of Mexico Dr #1 Longboat Key, FL	3.0	2.0	1675	$14,000	$8.36	23d	1	0.51mi
615 Dream Island Rd #107 Longboat Key, FL	2.0	2.0	1293	$12,500	$9.67	23d	1	0.67mi
615 Dream Island Rd #201 Longboat Key, FL	2.0	2.0	1514	$10,500	$6.94	23d	1	0.67mi
4825 Gulf of Mexico Dr #201 Longboat Key, FL	2.0	2.0	1393	$7,800	$5.60	23d	1	1.32mi

HOA detail condo

• Monthly dues: $874 · $10,488/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $599,000 Active 274 DOM
2. 2026-06-17
   days on market $599,000 Active 273 DOM
3. 2026-06-16
   days on market $599,000 Active 272 DOM
4. 2026-06-15
   days on market $599,000 Active 271 DOM
5. 2026-06-13
   days on market $599,000 Active 269 DOM
6. 2026-06-13
   days on market $599,000 Active 268 DOM
7. 2026-06-10
   days on market $599,000 Active 266 DOM
8. 2026-06-09
   days on market $599,000 Active 265 DOM
9. 2026-06-08
   days on market $599,000 Active 264 DOM
10. 2026-06-08
    days on market $599,000 Active 263 DOM
11. 2026-06-03
    days on market $599,000 Active 259 DOM
12. 2026-06-02
    days on market $599,000 Active 258 DOM
13. 2026-06-01
    days on market $599,000 Active 257 DOM
14. 2026-05-31
    days on market $599,000 Active 256 DOM
15. 2026-05-04
    price $599,000
16. 2026-04-07
    price $609,000
17. 2025-11-14
    price $628,000
18. 2025-09-17
    listed $639,000 Active
19. 2022-04-12
    soldstatus $615,000 Closed 2731-char remark

    Show marketing remark (2731 chars)

    New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

20. 2022-04-11
    soldstatus $615,000
21. 2022-02-22
    status Pending 2731-char remark

    Show marketing remark (2731 chars)

    New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

22. 2022-02-17
    status Active 2731-char remark

    Show marketing remark (2731 chars)

    New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

23. 2022-01-24
    status Pending 2731-char remark

    Show marketing remark (2731 chars)

    New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

24. 2022-01-18
    listed $615,000 Active 2731-char remark

    Show marketing remark (2731 chars)

    New Opportunity, Here Now! Simply Perfection on stunning Longboat Key!! Completely remodeled Townhome in Cedars East Fitness & Tennis Resort. High-end finishes & features throughout. Practically every inch has been touched & improved! Gourmet Kitchen offering stunning granite, Subway tile back-splash, 43in cabinets w/ crown tops & SS appliances. Gorgeous upgraded flooring throughout. Craftsmanship & carpentry of this remodel is seen in beautiful details of the coffered and beadboard ceilings, recessed lighting & crown molding. All 3 bathrooms have a Spa-feel - completely remodeled & upgraded to every detail w/ the finest quality of material. Offered turn-key w/ Tasteful & Newer furnishings and retractable sun shades in the lanai. Exterior resided w/ maintenance-free Hardie Board Siding along w/ Newer High Impact windows offering nice energy efficiency. Spacious garage with large storage closet. Both AC units have been recently replaced, one just last month. The complete interior was just re-painted and new carpet installed in the main living area. Partial Bay view out guest room. Home is within steps to community Bay beach, kayak launch and fishing pier. Cedars East is a 66-acre village-like townhome setting, surrounded by nature & close access to both the beach or bay on the beautiful north-end of Longboat Key. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Walking distance to area attractions like Harry's Deli and Continental Kitchen, a true island gem in Joan Durante Park, Euphemia Haye Restaurant & The Haye Loft and of course Longboat Key's world famous sugary white sand beaches. Close to other main attractions and cultural events, e. g. , St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Anna Maria Island, Ringling Museum complex and numerous dining options on Longboat and in downtown Sarasota. If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2-week minimum rental policy in the community. Cedars is a pet-friendly community!! So, as you can see, what a property for your new beach residence. Come see it today.

25. 2018-04-26
    soldstatus $315,000
26. 2016-06-07
    soldstatus $285,000
27. 2016-06-06
    historical 1189-char remark

    Show marketing remark (1189 chars)

    Fresh, clean and smooth. This newly updated Cedars unit is ready for you. Seller recently improved the property with brand new exterior hardy board siding, new high impact tempered windows throughout, updated exterior back porch, updated bathroom. New furnishings in the living room and updated carpet in the bedrooms. Come and enjoy the active lifestyle of Cedars. Beautiful brand new landscape just installed in this tropical oasis. Great investment opportunity, part-time use or permanent residence. This unit comes with rental production in place for this upcoming season. Past rentals and future booking information available upon request. The unit receives a great rental income with future bookings, but can be adjusted with you want to move directly in. Cedars East Tennis Club offers a recently resurfaced heated Jr Olympic Pool, newly updated 24hr fitness center, 10 lighted Har-Tru courts, Tiki bar, recently remodeled restaurant, fishing pier on Sarasota Bay, kayak launch and Bay Beach, and pro shop. Centrally located on beautiful Longboat Key provides easy access to St Armand's Circle, Anna Maria Island, Downtown Sarasota and the breathtaking Gulf Beaches of Longboat Key.

28. 2016-06-06
    soldstatus $285,000 Sold 1189-char remark

    Show marketing remark (1189 chars)

    Fresh, clean and smooth. This newly updated Cedars unit is ready for you. Seller recently improved the property with brand new exterior hardy board siding, new high impact tempered windows throughout, updated exterior back porch, updated bathroom. New furnishings in the living room and updated carpet in the bedrooms. Come and enjoy the active lifestyle of Cedars. Beautiful brand new landscape just installed in this tropical oasis. Great investment opportunity, part-time use or permanent residence. This unit comes with rental production in place for this upcoming season. Past rentals and future booking information available upon request. The unit receives a great rental income with future bookings, but can be adjusted with you want to move directly in. Cedars East Tennis Club offers a recently resurfaced heated Jr Olympic Pool, newly updated 24hr fitness center, 10 lighted Har-Tru courts, Tiki bar, recently remodeled restaurant, fishing pier on Sarasota Bay, kayak launch and Bay Beach, and pro shop. Centrally located on beautiful Longboat Key provides easy access to St Armand's Circle, Anna Maria Island, Downtown Sarasota and the breathtaking Gulf Beaches of Longboat Key.

29. 2016-04-29
    historical Contingent - Inspections 1189-char remark

    Show marketing remark (1189 chars)

    Fresh, clean and smooth. This newly updated Cedars unit is ready for you. Seller recently improved the property with brand new exterior hardy board siding, new high impact tempered windows throughout, updated exterior back porch, updated bathroom. New furnishings in the living room and updated carpet in the bedrooms. Come and enjoy the active lifestyle of Cedars. Beautiful brand new landscape just installed in this tropical oasis. Great investment opportunity, part-time use or permanent residence. This unit comes with rental production in place for this upcoming season. Past rentals and future booking information available upon request. The unit receives a great rental income with future bookings, but can be adjusted with you want to move directly in. Cedars East Tennis Club offers a recently resurfaced heated Jr Olympic Pool, newly updated 24hr fitness center, 10 lighted Har-Tru courts, Tiki bar, recently remodeled restaurant, fishing pier on Sarasota Bay, kayak launch and Bay Beach, and pro shop. Centrally located on beautiful Longboat Key provides easy access to St Armand's Circle, Anna Maria Island, Downtown Sarasota and the breathtaking Gulf Beaches of Longboat Key.

30. 2016-04-16
    historical 1189-char remark

    Show marketing remark (1189 chars)

    Fresh, clean and smooth. This newly updated Cedars unit is ready for you. Seller recently improved the property with brand new exterior hardy board siding, new high impact tempered windows throughout, updated exterior back porch, updated bathroom. New furnishings in the living room and updated carpet in the bedrooms. Come and enjoy the active lifestyle of Cedars. Beautiful brand new landscape just installed in this tropical oasis. Great investment opportunity, part-time use or permanent residence. This unit comes with rental production in place for this upcoming season. Past rentals and future booking information available upon request. The unit receives a great rental income with future bookings, but can be adjusted with you want to move directly in. Cedars East Tennis Club offers a recently resurfaced heated Jr Olympic Pool, newly updated 24hr fitness center, 10 lighted Har-Tru courts, Tiki bar, recently remodeled restaurant, fishing pier on Sarasota Bay, kayak launch and Bay Beach, and pro shop. Centrally located on beautiful Longboat Key provides easy access to St Armand's Circle, Anna Maria Island, Downtown Sarasota and the breathtaking Gulf Beaches of Longboat Key.

31. 2015-12-11
    listed $294,900 Active 1189-char remark

    Show marketing remark (1189 chars)

    Fresh, clean and smooth. This newly updated Cedars unit is ready for you. Seller recently improved the property with brand new exterior hardy board siding, new high impact tempered windows throughout, updated exterior back porch, updated bathroom. New furnishings in the living room and updated carpet in the bedrooms. Come and enjoy the active lifestyle of Cedars. Beautiful brand new landscape just installed in this tropical oasis. Great investment opportunity, part-time use or permanent residence. This unit comes with rental production in place for this upcoming season. Past rentals and future booking information available upon request. The unit receives a great rental income with future bookings, but can be adjusted with you want to move directly in. Cedars East Tennis Club offers a recently resurfaced heated Jr Olympic Pool, newly updated 24hr fitness center, 10 lighted Har-Tru courts, Tiki bar, recently remodeled restaurant, fishing pier on Sarasota Bay, kayak launch and Bay Beach, and pro shop. Centrally located on beautiful Longboat Key provides easy access to St Armand's Circle, Anna Maria Island, Downtown Sarasota and the breathtaking Gulf Beaches of Longboat Key.

32. 2015-07-01
    historical
33. 2015-01-02
    status Active
34. 2014-12-31
    historical
35. 2014-10-20
    status Active
36. 2014-10-20
    price $294,900
37. 2014-08-25
    historical
38. 2014-08-22
    status Active
39. 2014-08-22
    historical
40. 2014-08-16
    historical Contingent - Inspections
41. 2014-06-14
    status Active
42. 2014-06-10
    historical
43. 2014-01-03
    listed $249,900 Active
44. 2013-10-03
    listed $249,900
45. 2011-11-28
    listed $274,000
46. 2007-11-27
    listed $469,000
47. 2001-04-12
    soldstatus $204,000
48. 2001-02-20
    soldstatus $185,000
49. 1994-08-22
    soldstatus $209,900
50. 1992-05-14
    soldstatus $3,415,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,343 · $279/mo
• Projected year-2 tax: $4,972 · $414/mo
• Expected delta: +$1,628/yr (+$136/mo · 48.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $76,316
• − Mortgage interest: −$33,553
• − Property taxes: −$3,343
• − Insurance: −$8,114
• − Repairs & maintenance: −$6,105
• − Management: −$6,105
• − HOA: −$10,488
• − Depreciation: −$17,425
• Taxable loss: −$8,818
• Est. tax savings @ 24.0%: +$2,116
• After-tax cash flow: $2,767/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Longboat Key

• Score: 64/100
• State rank: #693
• US rank: #14452

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing C- Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Longboat Key, FL
• County: Sarasota County · 448,376 people
• City population: 7,539
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 7,539
• Household income: $158,030
• Rent vs Own: 6.4% rent · 93.6% own
• Severe rent burden: 98.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 3% Asian 1%
• Common ancestry: Scotch-Irish 7% Romanian 6% Lithuanian 4%
• Foreign-born: 14% · Canada, China
• Languages at home: 92% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 2%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.73%
• Current HPI: 234.5017
• Rent YoY: —
• Metro: North Port-Sarasota-Bradenton, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+152.3% since first listed

37 events — show timeline

• 2026-05-04 Price Changed $599,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $609,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Price Changed $628,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Listed $639,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-12 Sold (MLS) $615,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-11 Sold (Public Records) $615,000 Public Records
• 2022-02-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-01-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-18 Listed $615,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-26 Sold (Public Records) $315,000 Public Records
• 2016-06-07 Sold (Public Records) $285,000 Public Records
• 2016-06-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-06-06 Sold (MLS) $285,000 Stellar MLS as Distributed by MLS Grid
• 2016-04-29 Contingent — Stellar MLS as Distributed by MLS Grid
• 2016-04-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-12-11 Listed $294,900 Stellar MLS as Distributed by MLS Grid
• 2015-07-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-01-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-10-20 Price Changed $294,900 Stellar MLS as Distributed by MLS Grid
• 2014-10-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-08-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-08-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-08-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-08-16 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-01-03 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2013-10-03 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2011-11-28 Listed $274,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-27 Listed $469,000 Stellar MLS as Distributed by MLS Grid
• 2001-04-12 Sold (Public Records) $204,000 Public Records
• 2001-02-20 Sold (Public Records) $185,000 Public Records
• 1994-08-22 Sold (Public Records) $209,900 Public Records
• 1992-05-14 Sold (Public Records) $3,415,000 Public Records
• 1991-09-13 Sold (Public Records) $237,400 Public Records

Property tax history

+1.0%/yr

Latest (2025): $3,343 · -60.7% YoY. Source: county tax records.