531 EDLEE LN, LONGBOAT KEY, FL, 34228
$649,000
Residential
|
Bedrooms
3
|
Bathrooms
2
|
Living Area
1,241 Sqft
|
Lot Size
12,258 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4637426 | Year Built: | 1963 | |
| Appliances: | None | Architectural Style: | Coastal, Florida | |
| Construction Materials: | Block | Cooling: | None | |
| Country: | US | County Or Parish: | Manatee | |
| Direction Faces: | South | Exterior Features: | Outdoor Shower | |
| Fencing: | Fenced | Flooring: | Ceramic Tile | |
| Foundation Details: | Block | Heating: | None | |
| Laundry Features: | None | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | FloodZone, Level, Street Dead-End, Private, Unpaved | Occupant Type: | Vacant | |
| Pool Features: | Gunite, Heated, In Ground, Lighting, Screen Enclosure | Property Sub Type: | Single Family Residence | |
| Property Type: | Residential | Road Responsibility: | Private Maintained Road | |
| Road Surface Type: | Gravel | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Combination Lock Box, Go Direct, No Lockbox, ShowingTime | |
| Spa Features: | Heated, In Ground | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Electricity Connected, Sewer Available, Water Available | View: | Garden, Trees/Woods | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Primary Bedroom: | Primary Bathroom: | |||
| Living Room: | Kitchen: | |||
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