Income-Producing Coastal Gem – This TURNKEY FURNISHED 2BR/2.5BA townhome in the exclusive Cedars East Tennis Resort isn’t just a slice of paradise—it’s a proven performer. With $80,000 in past annual rental income and future bookings already secured, this property offers immediate cash flow and long-term upside. Inside, enjoy 1,440 sq ft of updated living space featuring a gourmet kitchen with granite countertops, spa-inspired bathrooms, and a private oversized garage. Spacious, bright primary suite include 2 separate vanities in the ensuite bathroom. Laundry on the top bedroom floor for added convenience. The open layout and tasteful coastal décor make it ideal for guests and owners alike. Turnkey Investment Highlights: Strong rental history with $90K+ annual income, Future bookings in place for seamless transition. Resort like amenities include: 10 Har-Tru Tennis Courts, Heated Jr. Olympic Pool,24-Hour Fitness Center, Bay Access with Kayak Launch, Private Fishing Pier, and Scenic Boardwalks through Mangroves. Prime Location: Minutes from Longboat Key beaches, St. Armands Circle, downtown Sarasota, and Anna Maria Island. Whether you're expanding your portfolio or seeking a personal retreat with income potential, this Longboat Key treasure delivers lifestyle and ROI. *NO Flood Damage *NEW AC 2025
For sale
Price cut: $11K (11/14)
$628,000
847 Evergreen Way, Longboat Key, FL 34228
2beds
1,440sqft
Est.:
Townhouse
Built in 1991
3.12 Acres Lot
$593,300 Zestimate®
$436/sqft
$874/mo HOA
What's special
Updated living spacePrivate oversized garageOpen layoutSpacious bright primary suiteSpa-inspired bathrooms
- 84 days |
- 385 |
- 18 |
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 10:42am
Listing Provided by:
Kiki Bowers 941-718-3435,
COLDWELL BANKER REALTY 941-383-6411
Source: Stellar MLS,MLS#: A4665172
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: Third
- Area: 196 Square Feet
- Dimensions: 14x14
Bedroom 2
- Features: Built-in Closet
- Level: Third
- Area: 154 Square Feet
- Dimensions: 11x14
Bathroom 1
- Level: Second
- Area: 26 Square Feet
- Dimensions: 4x6.5
Bathroom 2
- Level: Third
- Area: 99 Square Feet
- Dimensions: 9x11
Bathroom 3
- Level: Third
- Area: 40 Square Feet
- Dimensions: 4x10
Balcony porch lanai
- Level: Second
- Area: 84 Square Feet
- Dimensions: 6x14
Dining room
- Level: Second
- Area: 156 Square Feet
- Dimensions: 12x13
Kitchen
- Level: Second
- Area: 110 Square Feet
- Dimensions: 10x11
Laundry
- Features: Built-in Closet
- Level: Third
- Area: 10 Square Feet
- Dimensions: 2x5
Living room
- Level: Second
- Area: 408 Square Feet
- Dimensions: 17x24
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Inside, Upper Level
Features
- Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Thermostat
- Flooring: Carpet, Tile
- Doors: Sliding Doors
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 2,268
- Total interior livable area: 1,440 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
- Details: Garage Dimensions: 12x28
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Balcony, Courtyard
- Waterfront features: Bay/Harbor Access, Fishing Pier
- Body of water: SARASOTA BAY
Lot
- Size: 3.12 Acres
Details
- Parcel number: 7927307459
- Zoning: R3MX/PC
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available
Community & HOA
Community
- Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Fitness Center, Golf Carts OK, Pool, Sidewalks, Tennis Court(s)
- Subdivision: CEDARS EAST SEC 3
HOA
- Has HOA: Yes
- Services included: Common Area Taxes, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities, Trash
- HOA fee: $874 monthly
- HOA name: Bob MacDonald
- HOA phone: 941-444-4119
- Pet fee: $0 monthly
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $436/sqft
- Tax assessed value: $552,500
- Annual tax amount: $8,510
- Date on market: 9/17/2025
- Cumulative days on market: 75 days
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$593,300
$564,000 - $623,000
$4,466/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Price change | $628,000-1.7%$436/sqft |
Source:  Stellar MLS #A4665172 Report a problem | ||
| 9/17/2025 | Listed for sale | $639,000+3.9%$444/sqft |
Source: Stellar MLS #A4665172 Report a problem | ||
| 4/11/2022 | Sold | $615,000$427/sqft |
Source: Public Record Report a problem | ||
| 2/22/2022 | Pending sale | $615,000$427/sqft |
Source: Stellar MLS #A4522705 Report a problem | ||
| 2/17/2022 | Listed for sale | $615,000$427/sqft |
Source: Stellar MLS #A4522705 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,510 +4.8% | $552,500 +7.4% |
| 2023 | $8,123 +51.4% | $514,250 +70% |
| 2022 | $5,365 +13.9% | $302,500 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,890/mo
Principal & interest
$3032
HOA Fees
$874
Other costs
$984
Climate risks
Neighborhood: 34228
Nearby schools
GreatSchools rating
- 8/10Anna Maria Elementary SchoolGrades: K-5Distance: 6.6 mi
- 4/10Martha B. King Middle SchoolGrades: 6-8Distance: 6 mi
- 2/10Bayshore High SchoolGrades: 9-12Distance: 4.2 mi
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