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505 E Lake Drive, Sarasota, FL

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$550,000

($275/sqft)

List Status: Pending
505 E Lake Drive
Sarasota, FL 34232


4 beds
3 baths
2000 living sqft
Top Features
  • Subdivision: Sherwood Estates 3
  • Built in  1962
  • Single Family Residence
Description
Property Details
Additional Information
Additional Lease Restrictions
Buyer to verify with City / county
Additional Parcels YN
false
Alternate Key Folio Num
0045140004
Appliances
Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Purifier
Approval Process
None Required
Architectural Style
Traditional
Association Fee
80
Association Fee Frequency
Annually
Association Fee Requirement
Optional
Association YN
true
Attached Garage YN
true
Available For Lease YN
1
Bathrooms Total Integer
3
Building Area Source
Owner
Building Area Total
2242
Building Area Total Srch SqM
208.29
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
275.00
Carport YN
false
Community Features
Deed Restrictions
Construction Materials
Block, Stucco
Contract Status
Financing
Cooling
Central Air
Country
US
Cumulative Days On Market
21
Current Price
550000.00
Direction Faces
West
Elementary School
Fruitville Elementary
Expected Closing Date
2026-01-09T00:00:00.000
Exterior Features
Rain Gutters, Sliding Doors
Fireplace YN
false
Flood Zone Code
X
Flood Zone Date
2024-03-27
Flood Zone Panel
12115C0153G
Floor Number
1
Flooring
Ceramic Tile, Luxury Vinyl
Foundation Details
Block, Slab
Furnished
Negotiable
Garage Dimensions
20x20
Garage Spaces
1
Garage YN
true
Heating
Central, Electric
High School
Sarasota High
Home Warranty YN
false
Homestead YN
1
Interior Features
Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s), Window Treatments
Internet Address Display YN
true
Internet Automated Valuation Display YN
true
Internet Consumer Comment YN
true
Internet Entire Listing Display YN
true
Laundry Features
Laundry Closet
Levels
One
List AOR
Suncoast Tampa
Living Area Meters
185.81
Living Area Source
Owner
Living Area Units
Square Feet
Lot Features
Landscaped, Level, Oversized Lot, Paved
Lot Size Acres
0.35
Lot Size Square Feet
15215
Lot Size Square Meters
1414
Middle Or Junior School
McIntosh Middle
Minimum Lease
No Minimum
Modification Timestamp
2025-11-01T14:06:09.748Z
Monthly HOA Amount
6.67
New Construction YN
false
Occupant Type
Owner
Other Equipment
Irrigation Equipment, Fuel Tank(s), Generator
Ownership
Fee Simple
Parcel Number
0045140004
Patio And Porch Features
Enclosed, Front Porch, Patio, Screened
Pets Allowed
Yes
Pool Dimensions
30 x 25
Pool Private YN
true
Postal Code Plus 4
1919
Property Attached YN
false
Property Condition
Completed
Public Remarks
Beautifully Updated Home in Highly Sought-After Sherwood Estates in Sarasota. This is a rare find. Welcome to 505 E Lake Dr, a stunning residence offering comfort, style and updated. The sellers have thoughtfully added numerous upgrades, including a whole-house automatic generator connected to an inground 280-gallon propane tank, a full water purification system, and a new water heater. Enjoy Florida living at its best with a screened pool enclosure featuring a brand-new screen, an above-ground whirlpool hot tub, and a new backyard firepit—perfect for relaxing or entertaining. Additional updates include new gates on both sides of the home. Inside, the spacious kitchen, living, and dining areas flow seamlessly together to create a bright, open great room ideal for gatherings. Conveniently located in central Sarasota close to shopping, dining, beaches, and A-rated schools, this home truly has it all. New roof (2020) Water heater (2024), well system (2024) Hot Tub (2025) Firepit (2025) Buyer responsible for verify all information. City or County may have restriction on short term rentals, buyer to verify. Professional photos coming Mon 10/13, showings to begin Tues 10/14
Public Survey Range
18
Public Survey Section
23
Purchase Contract Date
2025-10-31
RATIO Current Price By Calculated SqFt
275.00
Realtor Info
As-Is
Road Surface Type
Paved
Roof
Shingle
Room Count
7
SW Subdiv Community Name
Sherwood Estates
Senior Community YN
false
Sewer
Septic Tank
Showing Requirements
Appointment Only, Call Listing Agent, Lock Box Coded
Spa Features
Above Ground, Heated
Spa YN
true
Status Change Timestamp
2025-11-01T14:06:07.000Z
Tax Annual Amount
6313
Tax Block
3
Tax Book Number
10-61
Tax Legal Description
LOT 99 SHERWOOD ESTATES UNIT 3
Tax Lot
99
Tax Year
2024
Total Acreage
1/4 to less than 1/2
Total Annual Fees
80.00
Total Monthly Fees
6.67
Township
36
Universal Property Id
US-12115-N-0045140004-R-N
Unparsed Address
505 E LAKE DR
Utilities
Cable Connected, Electricity Connected, Propane
Vegetation
Mature Landscaping, Trees/Landscaped
Water Source
See Remarks, Well
Waterfront YN
false
Window Features
Blinds
Zoning
RSF1
Neighborhood Map
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MLS #MFRTB8435168 Listing courtesy of Coldwell Banker Realty provided by Stellar MLS.

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 12/5/25 7:02 PM) |

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