tomo logo

$1,285,000

Beds
3
Baths
3.0
sq ft
2,664

541 Edlee Ln, Longboat Key, FL 34228

541 Edlee Ln

LONGBOAT KEY, FL 34228

  • Pending
    • Price drop $100,000↓
Under contract-accepting backup offers. 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!

Details

Property type

Single Family Residence

Est. home value

$1,449,629

Lot size

0.28 acres

Price per sq ft

$483

Year built

1976

Annual property taxes

$11,093

HOA

No

Price History

03/16/2025
StellarMLS

StellarMLS #A4637254

Pending
$1,285,000
03/06/2025
StellarMLS

StellarMLS #A4637254

Price change
$1,285,000
-7.22%
01/24/2025
StellarMLS

StellarMLS #A4637254

Listed
$1,385,000
+113.08%

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

$709,532
Asking price
$1,285,000
Closing costs (~8% of asking)
-$102,800
Est. remaining loan balance
-$472,668
Cash to seller
$709,532

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

$472,668

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

StellarMLS
$1,395,000
3 bd
|
2.5 ba
|
3,069 sq ft
|
Condo

73 Tidy Island Blvd, Bradenton, FL 34210

Sold
StellarMLS
$549,900
3 bd
|
2 ba
|
2,363 sq ft
|
House

4527 Bimini Dr, Bradenton, FL 34210

StellarMLS
$1,385,000
3 bd
|
2 ba
|
1,758 sq ft
|
House

550 De Narvaez Dr, Longboat Key, FL 34228

Status: Pending/Under Contract

Tomo last checked: 04/03/2025 at 4:10 AM

Listing updated: 03/15/2025 at 8:57 PM

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

MLS: StellarMLS #A4637254

StellarMLS logo