About 531 Edlee Lane
Now Offered at $699,000 | Massive Price Drop | Investor & Builder Opportunity – Sellers Say SELL! Welcome to 531 Edlee Lane—now $200,000 below original list price, this is one of the best values on Longboat Key and ideal for builders or investors seeking a quick-close opportunity. Located on a private street with no HOA, just a 4-minute walk to the beach, this property offers the rare flexibility to restore the existing structure or tear down and build new in an exclusive coastal setting. Already in place is a brand-new $120,000 gunite saltwater pool and spa, paired with a hurricane-rated enclosure and new filtration system—delivering a fully completed luxury outdoor living space—ready to incorporate into the updated home or future build. Roof is 2019. Enjoy deeded boat launch access to Sarasota Bay, generous lot dimensions at .28 acres, and a quiet neighborhood surrounded by custom homes. Property is priced to reflect current market conditions. Sellers are seeking strong offers with preference for a clean, cash closing.
Features of 531 Edlee Lane
| MLS® # | A4637426 |
|---|---|
| Price | $699,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,241 |
| Acres | 0.28 |
| Year Built | 1963 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Coastal, Florida |
| Status | Active |
| HOA Fees | $0 |
| Has CDD | N |
| Property Taxes | $3,925 |
Rentals Section
| Mininum Lease | 1 Month |
|---|
Community Information
| Address | 531 Edlee Lane |
|---|---|
| Area | Longboat Key |
| Subdivision | SLEEPY LAGOON |
| City | LONGBOAT KEY |
| County | Manatee |
| State | FL |
| Zip Code | 34228 |
Amenities
| View | Garden, Trees/Woods |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior Features | Ninguno |
|---|---|
| Appliances | None |
| Heating | None |
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior Features | Outdoor Shower |
|---|---|
| Lot Description | FloodZone, Level, Street Dead-End, Private, Unpaved |
| Roof | Shingle |
| Foundation | Block |
School Information
| Elementary | Anna Maria Elementary |
|---|---|
| Middle | Martha B. King Middle |
| High | Bayshore High |
Additional Information
| Date Listed | January 24th, 2025 |
|---|---|
| Days on Market | 139 |
| Zoning | R3SF |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | COLDWELL BANKER REALTY |
|---|