by Global Lifestyle Properties

See Home Value
Longboat Key 34228
541 EDLEE LANE
$1,250,000
● House - Off Market

541 EDLEE LANE

LONGBOAT KEY, FL 34228
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,664 Ft²
$7,234
Est. Monthly
1.66%
Cap Rate

About This Property

PRICE IMPROVEMENT OF $100,000 – NOW $1,285,000

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!
Unit Size
2,664 Ft²
Days on Market
81 days
Land Size
0.28 acres
Price per sqft
$482
Property Type
House
Property Taxes
$924
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #A4637254)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Sold
Mar 16, 2025 In contract -
In contract
Mar 7, 2025 Price Decreased $1,285,000
↓ $100K (7.2%)
Price Decreased
Jan 22, 2025 Listed by COLDWELL BANKER REALTY $1,385,000
Listed by COLDWELL BANKER REALTY
Apr 1, 2021 Sold
Sold
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 12,300
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,256
  • Gross Building Area: 3,256
  • Building Area: 2,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,664
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SLEEPY LAGOON
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: A PART OF LOTS 14-A & 15-A MORE PARTICULARLY DESC AS FOL COM AT THE INTERSEC OF THE NLY LN OF SD LOT 15-A & THE ELY R/W LN OF GULF OF MEX DR; TH ELY, 492.66 FT FOR THE POB; TH

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001705

Zoning

  • Zoning: LBK_R-3SF

Geography

  • Assessors Map Reference: 35B
  • Subdivision Tract Number: 07835900
  • Parcel: 78389-0000-4
  • Lot: 15-A
  • Meridian: SEC 23 TWN 35S RNG 16E
  • Municipality: LONGBOAT KEY
  • Latitude: 27.4249
  • Longitude: -82.6708

    Address

  • Full Address: 541 Edlee Ln
  • Address - House Number: 541
  • Address - Street Name: Edlee
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Longboat Key
  • Carrier Code: C007
  • 4-Digit Zip Code: 1506
  • Zip Code: 34228

Valuation

    Tax

  • Total Area: 1,132
  • Tax Year: 2022
  • Tax Amount: $1,080,395
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 226

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 1,072,744
  • High Value: 1,261,023
  • Low Value: 884,464

    Market Valuation

  • Market Total Value: $1,114,812
  • Market Land Value: $388,875
  • Market Improvement Value: $725,937

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $721,107

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202141042539
  • Previous Sale Recording Date: Sep 12, 2013
  • Previous Sale Contract Date: Sep 04, 2013
  • Previous Sale Amount: $302,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Longboat Key


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Nearby Rentals

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909 Spanish Drive N, LONGBOAT KEY, FL, 34228 Listing by Alex Lane
Unit for rent at 885 Spanish Drive N, LONGBOAT KEY, FL, 34228

$2,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,423 ft²
885 Spanish Drive N, LONGBOAT KEY, FL, 34228 Listing by Alex Lane
Unit for rent at 747 Saint Judes Drive S, FL, 34228

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 667 ft²
747 Saint Judes Drive S #2, FL, 34228 Listing by Gregory Koss


Frequently Asked Questions

When was property at 541 Edlee Lane built and last sold?
The property at 541 Edlee Lane was built in 1976 and last sold on Mar 26, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 541 Edlee Lane is $1,270,855.
What are some comparable homes to 541 Edlee Lane?
There are currently no comparable homes to 541 Edlee Lane.