541 EDLEE LANE
About This Property
Welcome to 541 Edlee Lane, a private Key West-inspired retreat tucked away on a quiet and secluded street in the heart of Longboat Key. Just a 6-minute walk to the pristine beaches and steps from your deeded boat launch into Sarasota Bay, this home offers an unparalleled blend of privacy, charm, and coastal convenience. Surrounded by lush tropical landscaping, this 3-bedroom, 3-bathroom home seamlessly combines timeless architectural details with thoughtful, modern updates throughout.
Inside, the home is light, bright, and airy, featuring engineered wood flooring, recessed lighting, and a beautifully remodeled kitchen with custom cabinetry, quartz countertops, high-end appliances, and a touch-free faucet-perfect for cooking and entertaining. Each of the three bathrooms has been completely redesigned with spa-like finishes, creating the ultimate space to relax and unwind. The first floor is built entirely with cement board, providing durability and peace of mind.
The outdoor living spaces are just as inviting, featuring a resort-style pool with a new pump, heater, and salt cell system, all surrounded by lush tropical landscaping that enhances the home's private and tranquil setting. Whether you're enjoying the beach, launching your boat into the bay, or relaxing by the pool, this home offers the best of coastal Florida living.
This property is move-in ready, making it ideal for a full-time residence or exceptional rental investment. Additionally, no sheetrock needed to be removed following Hurricane Helene, ensuring a solid and worry-free investment. For those looking to expand, the opportunity exists to **purchase the adjacent lot MLS #A4637426, creating an estate of just over half an acre-perfect for enhancing the existing home, adding outdoor living spaces, or designing a custom coastal retreat.
Don't miss this rare opportunity to own a piece of Longboat Key paradise at an incredible value!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017