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$515,000

  • Sold
  • Closed
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,000 Sq. Ft.
See This Home
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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

Full Property Details for 505 E Lake Dr

General

  • Sold For: $515,000
  • HOA FEE: $7/month
  • HOA FEE FREQ.: Annually
  • Taxes: $6,313 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8435168
  • Added to Site: 98 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 7
  • Interior Features: Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Purifier
  • Furnishings: Negotiable
  • Flooring: Ceramic Tile, Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Closet

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Deck, Gunite, Heated, In Ground, Screen Enclosure
  • Spa: Yes
  • Spa Description: Above Ground, Heated

Exterior

  • Exterior Features: Irrigation System, Rain Gutters, Sliding Doors
  • Deck/Patio: Enclosed, Front Porch, Patio, Screened
  • Porch/Patio/Deck: Enclosed, Front Porch, Patio, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Boat, Driveway, Garage Door Opener, Workshop in Garage

Location

  • Area: 34232 - Sarasota/Fruitville
  • County: Sarasota
  • Development Name: 34232 - Sarasota/Fruitville
  • Subdivision: SHERWOOD ESTATES 3
  • Driving Directions: 175 to exit 210 Fruitville Rd Head West towards Sarasota (hwy 780) to McIntosh Rd head South to N Lake Dr Head East to E Lake Dr
  • Direction Faces: West

School Information

  • Elementary School: Fruitville Elementary
  • Middle School: McIntosh Middle
  • High School: Sarasota High

Community

  • Community Name: 34232 - Sarasota/Fruitville
  • Community Features: Deed Restrictions
  • Association: Yes
  • Assoc. Name: Suncoast Premier Realty Services

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Septic Tank
  • Water: See Remarks, Well
  • Utility Description: Cable Connected, Electricity Connected, Propane

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Exterior Const.: Block, Stucco
  • Roof: Shingle
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 2,000
  • Sq. Ft. Source: Owner
  • Living Area: 2,000 Sq. Ft.
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 0.35
  • Lot Size (Sq. Ft.): 15,215
  • Lot Size: 15215
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Financial Considerations

  • Association Fee: $80
  • Assoc Fee Freq.: Annually
  • Assoc Fee Desc.: Optional
  • Tax Amount: $6,313
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LOT 99 SHERWOOD ESTATES UNIT 3
  • Flood Zone Info: X
  • APN: 45140004
  • Property ID: 45140004
  • Block/Lot/Section: 3

Meet the listing agent

Meet the listing agent
— 505 E Lake Dr —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 505 E Lake Dr

School District:Sarasota County School District
NameGradesDistance
Fruitville Elementary School
601 Honore Avenue, Sarasota, FL 34232
PK-50.8 mi
Mcintosh Middle School
701 McIntosh Road, Sarasota, FL 34232
6-80.3 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-123.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 E Lake Dr

Date
Details
Price
Change
Source
12/12/2025
Sold
$515,000
-6.36%
MLS
10/10/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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505 E Lake Drive, Sarasota, FL 34232 (MLS# TB8435168) is a Single Family property that was sold at $515,000 on December 12, 2025. This property was listed by Maggie Clark from our Aventura Office.Want to learn more about 505 E Lake Drive? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.