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Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1963
Sq.Footage
1,241
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.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
Area & Lot
-
Lot Features
Level, Private
-
Lot Size(acres)
0.28
-
Property Type
Residential
-
Architectural Style
Coastal, Florida
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Outdoor Shower
Financial
-
Sales Price
$649,000
-
Tax Amount
3925.0
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Location
County
Manatee
Elementary School
Anna Maria Elementary
Middle School
Martha B. King Middle
High School
Bayshore High
Listing Courtesy of Lisa Garcia , COLDWELL BANKER REALTY
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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