531 Edlee Lane Longboat Key, FL 34228

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.