531 EDLEE LN Active Save Request In-Person Tour Request Virtual Tour
Longboat Key,FL 34228
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,241 sqft
Price per Sqft $522
Subdivision Sleepy Lagoon
MLS Listing ID A4637426
Bedrooms 3
Full Baths 2
Year Built 1963
Annual Tax Amount $3,925
Lot Size 0.280 Acres
Property Sub-Type Single Family Residence
Property Description
Now offered at $649,000, 531 Edlee Lane presents one of the best values on Longboat Key—priced over $250,000 below the original list. Located on a quiet, no-HOA street just a 4-minute walk to the beach, this .28-acre property offers exceptional flexibility for builders, investors, or primary residents. Whether restoring the existing structure or starting with a brand-new build and building the home of your dreams, this is a rare opportunity in a prime coastal setting surrounded by custom homes.
Contractor estimates to bring the current home back to livable condition range from $110,000–$150,000, making it ideal for a profitable flip, seasonal rental, vacation escape, or forever home. The value is already here with a brand-new $120,000 gunite saltwater pool and spa, hurricane-rated enclosure, new filtration system, and a 2019 roof. The private pool and fully completed outdoor living space add instant appeal and can be seamlessly integrated into a renovation or future build.
Enjoy deeded boat launch access to Sarasota Bay at the end of Edlee Lane, a spacious lot, and a peaceful beachside neighborhood. Sellers are motivated and have priced the property below market value, with preference for cash buyers and a quick, clean close.
Location
State FL
County Manatee
Community Sleepy Lagoon
Area 34228 - Longboat Key
Zoning R3SF
Interior
Heating None
Cooling None
Flooring Ceramic Tile
Laundry None
Exterior
Exterior Feature Outdoor Shower
Fence Fenced
Pool Gunite,Heated,In Ground,Lighting,Screen Enclosure
Utilities Available Cable Available,Electricity Connected,Sewer Available,Water Available
Water Access Yes
View Garden,Trees/Woods
Roof Type Shingle
Building
Lot Description FloodZone,Level,Street Dead-End,Private,Unpaved
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Anna Maria Elementary
Middle Schools Martha B. King Middle
High Schools Bayshore High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://youtu.be/_NWhIFztB-c