505 E Lake Dr Sarasota, FL 34232
Estimated payment $3,449/month
Highlights
- Parking available for a boat
- Screened Pool
- Traditional Architecture
- Fruitville Elementary School Rated A-
- Open Floorplan
- Main Floor Primary Bedroom
About This Home
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
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 813-253-2444 License #3582816 Listed on: 10/10/2025
Co-Listing Agent
RE/MAX REALTY UNLIMITED Brokerage Phone: 813-253-2444 License #3527767
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,313
Year Built
- Built in 1962
Lot Details
- 0.35 Acre Lot
- West Facing Home
- Mature Landscaping
- Oversized Lot
- Level Lot
- Irrigation Equipment
- Landscaped with Trees
- Property is zoned RSF1
HOA Fees
- $7 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Workshop in Garage
- Garage Door Opener
- Driveway
- Parking available for a boat
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Block Foundation
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,000 Sq Ft Home
- Open Floorplan
- Blinds
- Sliding Doors
- Combination Dining and Living Room
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Ceramic Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
- Soaking Tub
Laundry
- Laundry closet
- Dryer
- Washer
Pool
- Screened Pool
- Heated In Ground Pool
- Heated Spa
- Gunite Pool
- Above Ground Spa
- Fence Around Pool
- Pool Deck
Outdoor Features
- Enclosed Patio or Porch
- Rain Gutters
Schools
- Fruitville Elementary School
- Mcintosh Middle School
- Sarasota High School
Utilities
- Central Heating and Cooling System
- Power Generator
- Propane
- Water Filtration System
- Well
- Water Purifier
- Septic Tank
- Cable TV Available
Community Details
- Suncoast Premier Realty Services Association
- Sherwood Estates Community
- Sherwood Estates 3 Subdivision
- The community has rules related to deed restrictions
Listing and Financial Details
- Legal Lot and Block 99 / 3
- Assessor Parcel Number 0045140004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,315 | $486,600 | $170,000 | $316,600 |
| 2023 | $6,315 | $490,100 | $180,800 | $309,300 |
| 2022 | $5,999 | $458,900 | $150,700 | $308,200 |
| 2021 | $3,947 | $312,754 | $0 | $0 |
| 2020 | $3,779 | $294,333 | $0 | $0 |
| 2019 | $3,550 | $279,700 | $73,800 | $205,900 |
| 2018 | $3,837 | $304,400 | $90,300 | $214,100 |
| 2017 | $3,482 | $235,700 | $75,700 | $160,000 |
| 2016 | $3,298 | $216,800 | $73,900 | $142,900 |
| 2015 | $2,390 | $142,600 | $69,900 | $72,700 |
| 2014 | $2,263 | $113,850 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | For Sale | $550,000 | -0.2% | $275 / Sq Ft | |
| 06/10/2024 06/10/24 | Sold | $551,000 | +10.2% | $276 / Sq Ft | View Prior Sale |
| 05/21/2024 05/21/24 | Pending | -- | -- | -- | |
| 05/14/2024 05/14/24 | Price Changed | $500,000 | -16.5% | $250 / Sq Ft | |
| 04/22/2024 04/22/24 | Price Changed | $599,000 | -3.2% | $300 / Sq Ft | |
| 04/10/2024 04/10/24 | For Sale | $619,000 | +282.1% | $310 / Sq Ft | |
| 08/17/2018 08/17/18 | Off Market | $162,000 | -- | -- | |
| 12/12/2014 12/12/14 | Sold | $162,000 | 0.0% | $99 / Sq Ft | View Prior Sale |
| 10/24/2014 10/24/14 | Pending | -- | -- | -- | |
| 09/11/2014 09/11/14 | Price Changed | $162,000 | -1.8% | $99 / Sq Ft | |
| 07/20/2014 07/20/14 | For Sale | $165,000 | +1.9% | $100 / Sq Ft | |
| 07/09/2014 07/09/14 | Off Market | $162,000 | -- | -- | |
| 05/09/2014 05/09/14 | For Sale | $165,000 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $551,000 | Sunbelt Title | |
| Warranty Deed | $104,100 | Attorney | |
| Warranty Deed | $353,571 | Attorney | |
| Special Warranty Deed | $162,000 | Attorney | |
| Trustee Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Genuine Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $412,000 | New Conventional | |
| Previous Owner | $324,000 | New Conventional | |
| Previous Owner | $323,000 | New Conventional | |
| Previous Owner | $333,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Stellar MLS
MLS Number: TB8435168
APN: 0045-14-0004
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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