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Major Price Improvement - Now $750,000 (down a total of $149,000) | SELLERS SAY SELL!!!! Welcome to 531 Edlee Lane"”one of the best-priced properties on all of Longboat Key, and the only one featuring a brand-new $120,000 gunite saltwater swimming pool and spa. Located on one of the few privately owned streets in this exclusive barrier island community, this property presents a rare opportunity to restore the existing home or build new in an enviable coastal setting. While the home did sustain damage during Hurricane Helene, the Town of Longboat Key has confirmed it can be restored, providing flexibility for renovation or new construction. The recently completed luxury saltwater pool and spa are fully operational, with a hurricane-resilient cage that remained intact and a completely new filtration system installed post-storm, leaving the outdoor living space in pristine, move-in-ready condition. Enjoy deeded boat launch access to Sarasota Bay, and walk just steps to the Gulf beaches, all while surrounded by custom homes in a peaceful and private neighborhood. Now offered at $750,000 ($604 per sq. ft.), this is a standout value in Longboat Key's competitive market. The sellers are motivated, and the opportunity to own this unique property won't last.
| DAYS ON MARKET | 112 | LAST UPDATED | 3/24/2025 |
|---|---|---|---|
| TRACT | SLEEPY LAGOON | YEAR BUILT | 1963 |
| COMMUNITY | 34228 - Longboat Key | COUNTY | Manatee |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Anna Maria Elementary |
|---|---|
| Jr. High School | Martha B. King Middle |
| High School | Bayshore High |
| PRICE HISTORY | |
| Prior to Mar 7, '25 | $899,000 |
|---|---|
| Mar 7, '25 - Mar 24, '25 | $859,000 |
| Mar 24, '25 - Today | $750,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | None |
| AREA | 34228 - Longboat Key |
| CONSTRUCTION | Block |
| EXTERIOR | Outdoor Shower |
| HEAT | None |
| LOT | 0.28 acre(s) |
| LOT DESCRIPTION | Level, Private |
| POOL | Yes |
| POOL DESCRIPTION | Gunite, Heated, In Ground, Screen Enclosure, Private |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Coastal, Florida |
| SUBDIVISION | SLEEPY LAGOON |
| TAXES | 3925 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Garden, Trees/Woods |
| WATER | Public |
| WATERFRONT DESCRIPTION | Beach Access |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Lisa Garcia, COLDWELL BANKER REALTY, 941-366-8070
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/14/25 7:20 PM PDT.
This IDX solution is (c) Diverse Solutions 2025.
