tomo logo

$1,385,000

Beds
3
Baths
3.0
sq ft
2,664

541 Edlee Ln, Longboat Key, FL 34228

541 Edlee Ln

LONGBOAT KEY, FL 34228

  • 8 days on market
Welcome to 541 Edlee Lane, a private Key West-inspired retreat tucked away on a quiet and private street in the heart of Longboat Key. Surrounded by lush tropical landscaping, this 3-bedroom, 3-bathroom home effortlessly blends timeless charm with thoughtful, modern updates throughout. From the moment you arrive, the Key West-style architecture, natural wood accents, and crisp white finishes invite you into your own peaceful oasis. Inside, the home feels light, bright, and airy, with engineered wood flooring, recessed lighting, and a beautifully updated kitchen featuring new cabinets, countertops, high-end appliances, and a touch-free faucet—perfect for those who love to cook or entertain. Each of the three bathrooms has been completely remodeled with a touch of spa-like luxury, creating the perfect space to relax and unwind. The outdoor spaces are equally inviting, with a private, resort-style pool featuring a brand-new pump, heater, and salt cell system, all surrounded by vibrant, tropical landscaping that enhances the home’s sense of seclusion. Just steps from a private boat launch into Millar Bay and a 6 minute walk to the pristine beaches of Longboat Key, this home offers the ideal combination of privacy, charm, and convenience. This property is truly move-in ready, whether you’re looking for your dream home or an exceptional rental opportunity. Additionally, no sheetrock needed to be removed following Hurricane Helene, ensuring peace of mind and a solid investment. For those looking to expand or dream even bigger, the opportunity also exists to purchase the adjacent lot, creating a property of just over half an acre. This unique option allows for endless possibilities, whether it’s adding to the existing home, creating expansive outdoor living spaces, or building a brand-new custom home to take full advantage of this prime Longboat Key location. Don’t miss this rare chance to make this tranquil retreat your own! MLS #A4637426

Details

Property type

Single Family Residence

Est. home value

$1,449,629

Lot size

0.28 acres

Price per sq ft

$520

Year built

1976

Annual property taxes

$11,093

HOA

No

Price History

01/24/2025
StellarMLS

StellarMLS #A4637254

Listed
$1,385,000
+113.08%
03/26/2021
StellarMLS

StellarMLS #A4486650

Sold
$650,000
+115.23%
09/03/2013
StellarMLS

StellarMLS #A3980110

Sold
$302,000
+11.85%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$799,455
Asking price
$1,385,000
Closing costs (~8% of asking)
-$110,800
Est. remaining loan balance
-$474,745
Cash to seller
$799,455

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2021

Original loan amount

$520,000

Est. remaining balance

$474,745

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Jennifer Derosa

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
StellarMLS
$1,399,000
3 bd
|
3 ba
|
2,588 sq ft
|
House

5910 Red Mangrove Ln, Bradenton, FL 34210

Price drop
StellarMLS
$1,339,973
3 bd
|
3 ba
|
2,681 sq ft
|
House

5932 Red Mangrove Ln, Bradenton, FL 34210

Price drop
StellarMLS
$1,345,000
3 bd
|
2 ba
|
2,156 sq ft
|
House

4535 Bimini Dr, Bradenton, FL 34210

Status: Active

Tomo last checked: 02/01/2025 at 9:40 PM

Listing updated: 02/01/2025 at 2:10 PM

Listed by: Lisa Garcia, COLDWELL BANKER REALTY Phone #: (941) 366-8070

MLS: StellarMLS #A4637254

StellarMLS logo

Recently listed in LONGBOAT KEY