Residential Property - Single Family Residence in Sarasota
Listing Price: $550,000 (Mortgage Calculator →)
Description of Property
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
Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 2,242
Garage: Yes1 vehicles
Carport: No
Parking Features: Workshop in Garage
Private Pool: Yes
Pool Featuress: Screen Enclosure
Spa Features: Heated
Water Frontage:
Water Features:
Water Access:
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Sherwood Estates 3
Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 2,242
Sq. Ft. Living Area: 2,000
Cost per (heated) sqare foot: $275
Year built: 1962
Annual Tax: $6,313
HOA Fee: $80 Annually
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Water Purifier
Window Features: Blinds
Flooring: Luxury Vinyl
Schools
Elementary School: Fruitville Elementary
Middle/Junior High School: McIntosh Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Yes
Pool Features: Screen Enclosure
Spa Features: Heated
Exterior & Construction
Architectural Style: Traditional
Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Sliding Doors
Garage: Yes
Garage Spaces: 1
Parking Features: Workshop in Garage
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Screened
Security Features:
Other Structures:
View:
Fencing:
Sewer: Septic Tank
Water Source: Well
Community Features: Deed Restrictions
Lot Information
Lot Features: Oversized Lot
Lot Size (acres): 0.35
Lot Size (sq. ft.): 15,215 square feet
Road Frontage: Street Paved
Front Exposure: West
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 0045140004
Zoning: RSF1
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 99 SHERWOOD ESTATES UNIT 3
Section: 23
Range: 18
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.