Residential Property - Single Family Residence in Longboat Key
Listing Price: $699,000 (Mortgage Calculator →)
Description of Property
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.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Longboat Key
County: Manatee
Subdivision: Sleepy Lagoon
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,241
Sq. Ft. Living Area: 1,241
Cost per (heated) sqare foot: $563
Year built: 1963
Annual Tax: $3,925
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Flooring: Ceramic Tile
Schools
Elementary School: Anna Maria Elementary
Middle/Junior High School: Martha B. King Middle
High School: Bayshore High
Pool & Waterfront Info
Private Pool: Yes
Pool Features: Screen Enclosure
Spa Features: In Ground
Water Access: Yes
Water Access Type: Beach
Exterior & Construction
Architectural Style: Florida
Construction: Block
Foundation: Block
Roof: Shingle
Exterior Features: Outdoor Shower
Carport: Yes
Carport Spaces: 2
Floors in Unit: One
Cooling: None
Heating & Fuel: None
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Trees/Woods
Fencing: Fenced
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Street Dead-End
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,258 square feet
Road Frontage: Street Unpaved
Front Exposure: South
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 7839800005
Zoning: R3SF
Tax Legal Desc.: PART OF LOTS 14A & 15A, SLEEPY LAGOON SUB, MORE PARTICULARLY DESC AS FOL; BEG AT THE NW COR OF LOT 15A, SLEEPY LAGOON SUB; THENCE RUN E A DIST OF 392.66 FT FOR A POB, THENCE CONT E A DIST OF 100 FT; THENCE RUN S A DIST OF 122.58 FT; TH RUN W A DIST O F 100 FT; THENCE RUN N A DIST OF 122.58 FT TO THE POB; SUBJ TO AN EASMT FOR AN ACCESS RD, BEING THE S 22.58 FT OF
Section: 23
Range: 16
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.