$715,000
$5K PRICE DROP

505 Sally Lee Dr Ellenton, FL 34222

Estimated payment $4,465/month

Total Views 6,169
2 Beds
2 Baths
1,396 Sq Ft
$512 Price per Sq Ft

Highlights

  • Dock made with concrete
  • Open Floorplan
  • Living Room with Fireplace
  • In Ground Pool
  • Canal View
  • Vaulted Ceiling

About This Home

Absolutely Stunning Key West Style Home, with Water Access to the Manatee River! Dive into the ultimate Florida lifestyle with this charming, remodeled home offering direct access to a saltwater canal just a few feet from the Manatee River, and only ten miles to the Gulf Coast. Whether you’re jumping into the pool, relaxing on the expansive wrap-around porch, enjoying a book by the fireplace, or taking your boat out for a day on the water, this home has it all! The property owners have invested well over $100,000 into renovations and updates over the past 10 years, showcasing attention to detail and care. Key Features and Updates Include: Open Floor Plan: Skylights, windows, and sliders flood the home with natural light, creating a bright and airy ambiance. Pool Installation (2016): Enjoy a sparkling pool with a paver driveway, enhanced landscaping, and an irrigation system. Rebuilt Porch (2018): A stunning wrap-around porch to enjoy the serene surroundings. New AC and Water Heater (2020): Ensuring comfort and energy efficiency. New Roof, insolation and Pool Pump (2024): Providing peace of mind for years to come. No HOA or Deed Restrictions! This property offers freedom and flexibility, perfect for those who value independence. Location Highlights: Direct access to a saltwater canal leading to the Manatee River, ideal for boating enthusiasts. Just 10 miles to the Gulf Coast, where pristine beaches and endless adventures await. Don’t miss the opportunity to own this captivating home brimming with character and modern updates. Schedule a private showing today before it’s gone!

Listing Agent

Mario Archila

EMPIRE NETWORK REALTY Brokerage Phone: 407-440-3798 License #694671 Listed on: 01/08/2025

EMPIRE NETWORK REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,923

Year Built

  • Built in 1992

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 83 x 168
  • Property fronts a saltwater canal
  • Cul-De-Sac
  • East Facing Home
  • Metered Sprinkler System
  • Property is zoned RSF4.5/C

Home Design

  • Turnkey
  • Frame Construction
  • Shingle Roof
  • Pile Dwellings

Interior Spaces

  • 1,396 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Awning
  • Shades
  • Sliding Doors
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Inside Utility
  • Canal Views
  • Crawl Space
  • Storm Windows

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Oversized Parking
  • Circular Driveway

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Access to Saltwater Canal
  • Boat Port
  • Dock made with concrete
  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ibis Isle Subdivision Community
  • Ibis Isle Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,923

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Frame
  • Fireplace: Yes
  • Living Area: 1396
  • Lot Size Acres: 0.32
  • New Construction: No
  • Year Built: 1992
  • Building Area Total: 2684
  • Lot Size Sq Ft: 13809
  • Directions to Property: from 75 head west on us-301 s, turn left onto sally lee dr and property will be .4 mile down on the right.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 37949633
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 512.18
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Concrete
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Canal Front,Community Boat Ramp,Water Access,Waterfront
  • Attribution Contact: 407-440-3798
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Crawlspace, Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Window Features: Skylight(s), Storm Window(s), Shades, Window Treatments
  • Street Number Modifier: 505
  • Additional Rooms: Formal Dining Room Separate,Inside Utility,Storage Rooms
  • Living Area Meters: 129.69
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Other Structures: Shed(s)
  • Pool Features: In Ground, Salt Water
  • Exterior Features: Awning(s), Lighting, Rain Gutters, Sliding Doors, Sprinkler Metered
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Water Body Name: SALTWATER CANAL LEADING OUT TO MANATEE RIVER
  • Waterfront: Yes
  • Road Surface Type: Asphalt, Paved
  • Water Access: Canal - Saltwater
  • Water Extras: Boat Port
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0168F
  • Additional Water Information: From a Saltwater canal on the property, approximately 400 feet long, provides access to the Mannatee River, Which flows into the Gulf of Mexico near Anna Maria Island.

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Circular Driveway, Driveway, Oversized

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF4.5/C
  • Parcel Number: 1036600151
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, Paved
  • Lot Dimensions: 83 X 168
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 1283

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 6923.47
  • Tax Block: N/A
  • Tax Book Number: 21-154
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Canal - Saltwater, Canal Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $7,212 $417,757 $149,600 $268,157
2024 $7,212 $520,976 $149,600 $371,376
2023 $6,834 $481,844 $149,600 $332,244
2022 $3,170 $252,411 $0 $0
2021 $1,573 $245,059 $0 $0
2020 $3,143 $241,676 $0 $0
2019 $3,092 $236,242 $0 $0
2018 $0 $231,837 $0 $0
2017 $2,836 $227,069 $0 $0
2016 $2,273 $183,957 $0 $0
2015 $3,407 $224,673 $0 $0
2014 $3,407 $217,958 $0 $0
2013 $3,355 $211,610 $102,600 $109,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $715,000 0.0% $512 / Sq Ft
07/28/2025 07/28/25 For Sale $715,000 -0.4% $512 / Sq Ft
07/16/2025 07/16/25 Off Market $718,000 -- --
04/26/2025 04/26/25 Price Changed $718,000 -0.3% $514 / Sq Ft
04/17/2025 04/17/25 For Sale $720,000 0.0% $516 / Sq Ft
04/07/2025 04/07/25 Off Market $720,000 -- --
01/08/2025 01/08/25 For Sale $720,000 +10.8% $516 / Sq Ft
08/12/2022 08/12/22 Sold $650,000 +1.7% $467 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $638,900 -- $459 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $650,000 Stewart Title
Warranty Deed $290,000 Stewart Title Company
Corporate Deed $129,900 Absolute Title Group Inc
Trustee Deed $106,400 Attorney
Warranty Deed $585,000 --
Warranty Deed $149,800 --
Trustee Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $617,500 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $468,000 Fannie Mae Freddie Mac
Previous Owner $210,000 Unknown
Previous Owner $50,000 New Conventional
Previous Owner $30,000 New Conventional
Previous Owner $142,250 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: O6269547

Stellar MLS

APN: 10366-0015-1