Now Offered at $699,000 | Massive Price Drop | Investor & Builder Opportunity Sellers Say SELL! Welcome to 531 Edlee Lanenow $200,000 below original list price, this is one of the best values on Longboat Key and ideal for builders or investors seeking a quick close opportunity. Located on a private street with no HOA, just a 4 minute walk to the beach, this property offers the rare flexibility to restore the existing structure or tear down and build new in an exclusive coastal setting. Already in place is a brand new $120,000 gunite saltwater pool and spa, paired with a hurricane rated enclosure and new filtration systemdelivering a fully completed luxury outdoor living spaceready to incorporate into the updated home or future build. Roof is 2019. Enjoy deeded boat launch access to Sarasota Bay, generous lot dimensions at .28 acres, and a quiet neighborhood surrounded by custom homes. Property is priced to reflect current market conditions. Sellers are seeking strong offers with preference for a clean, cash closing.