Residential Property - Single Family Residence in Longboat Key
Listing Price: $859,000
Description of Property
Price Improvement $859,000. Sellers are motivated! 531 Edlee Lane, Longboat Key, FL Prime Coastal Property with New Luxury Pool & Spa – Restore or Build New Located on one of the few privately owned streets in Longboat Key, this property presents a unique opportunity to either restore the existing home or build a brand-new residence in a highly desirable coastal setting. While the home sustained damage during Hurricane Helene, the Town of Longboat Key has confirmed that it can be restored, allowing buyers the flexibility to renovate or start fresh. One of the most valuable features of this property is the brand-new $120,000 inground gunite swimming pool and spa, completed just before the storm. The hurricane-resilient cage remained fully intact, and the entire filtration system has been replaced, ensuring that the pool and spa are in pristine condition and ready for immediate use. Positioned just steps from the beach and offering deeded access to a private boat launch on Sarasota Bay, this property is ideally located for those seeking the ultimate coastal lifestyle. Surrounded by custom luxury homes, it offers generous lot dimensions, making it well-suited for a full-scale renovation or a completely new build. For those looking for even more space and investment potential, the adjacent property at 541 Edlee Lane (MLS #A4637254) is also available for purchase, offering the rare chance to own over half an acre of land in this exclusive and tranquil neighborhood. This is an incredible opportunity to own property in one of Longboat Key’s most sought-after locations, with the flexibility to restore, rebuild, or expand. Owner's are motivated!
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,241
Garage: No
Carport: Yes2 vehicles
Parking Features:
Private Pool: Yes
Pool Features:
- Gunite
- Heated
- In Ground
- Lighting
- Screen Enclosure
Spa Features: Heated, In Ground
Water Frontage:
Water Features: Boat Ramp - Private
Water Access: Bay/Harbor, Beach
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: $692
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
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
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:
- Gunite
- Heated
- In Ground
- Lighting
- Screen Enclosure
Spa Features: Heated, In Ground
Water Frontage:
Water Access: Yes
Water Access Type: Bay/Harbor, Beach
Water View:
Exterior & Construction
Architectural Style: Coastal, Florida
Construction: Block
Foundation: Block
Roof: Shingle
Exterior Features: Outdoor Shower
Carport: Yes
Carport Spaces: 2
Parking Features:
Floors Total:
Floors in Unit: One
Cooling: None
Heating & Fuel: None
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Garden, Trees/Woods
Fencing: Fenced
Utilities:
- Cable Available
- Electricity Connected
- Sewer Available
- Water Available
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
- Flood Zone
- Level
- Street Dead-End
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,258 square feet
Road Frontage: Street Dead-End, Private Road, Street Unpaved
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, 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
Disclosures: Flood Disclosure, Lead Paint, Seller Property Disclosure
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.