$899,000
About this home
531 Edlee Lane, Longboat Key, FL – Offered at $899,000 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!
Highlights
Property details
- MLS
- Stellar MLS
- MLS #
- MFRA4637426
- Property type
- Single Family Residence
- Subdivision
- SLEEPY LAGOON
- Status
- Active
- Days on market
- 19
- On market date
- January 24, 2025
- Stories
- N/A
- Total bathrooms
- 2
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.28 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 533
- Student:teacher ratio
- 14.4:1
- District
- MANATEE
- Enrollment
- 1,016
- Student:teacher ratio
- 17.2:1
- District
- MANATEE
- Enrollment
- 1,385
- Student:teacher ratio
- 19.2:1
- District
- MANATEE
Walkability
Blended score for LONGBOAT KEY's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in LONGBOAT KEY, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 12, 2025.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.