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Sold for $515,000
    • $515,000

    505 E LAKE DRIVE, SARASOTA, FL 34232

    4beds
    2,000sqft
    Single Family Residence
    Built in 1962
    0.35 Acres Lot
    $505,800 Zestimate®
    $258/sqft
    $4,926 Estimated rent

    Home value

    $505,800

    $460,000 - $556,000

    $4,926/mo

    Zestimate® history
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    What's special

    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Alice Clark 863-602-5970,

    COLDWELL BANKER REALTY 813-253-2444,

    Julie Morris 813-927-7265,

    RE/MAX REALTY UNLIMITED

    Bought with:

    Dave Beachy, 0672708

    BEACHY PROPERTIES

    Source: Stellar MLS,MLS#: TB8435168MLS LogoOriginating MLS: Suncoast Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: Rain Shower Head, Built-in Closet
    • Level: First
    • Area: 234 Square Feet
    • Dimensions: 13x18
    Other
    • Features: Walk-In Closet(s)
    • Level: First
    • Area: 195 Square Feet
    • Dimensions: 13x15
    Bedroom 2
    • Features: Walk-In Closet(s)
    • Level: First
    • Area: 169 Square Feet
    • Dimensions: 13x13
    Primary bathroom
    • Level: First
    • Area: 66 Square Feet
    • Dimensions: 6x11
    Dining room
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Kitchen
    • Features: Kitchen Island
    • Level: First
    • Area: 198 Square Feet
    • Dimensions: 18x11
    Living room
    • Level: First
    • Area: 286 Square Feet
    • Dimensions: 22x13
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Purifier
    • Laundry: Laundry Closet
    Features
    • Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
    • Flooring: Ceramic Tile, Luxury Vinyl
    • Doors: Sliding Doors
    • Windows: Blinds, Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 2,242
    • Total interior livable area: 2,000 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Boat, Driveway, Garage Door Opener, Workshop in Garage
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions: 20x20
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Enclosed, Front Porch, Patio, Screened
    • Exterior features: Irrigation System, Rain Gutters
    • Has private pool: Yes
    • Pool features: Deck, Gunite, Heated, In Ground, Screen Enclosure
    • Has spa: Yes
    • Spa features: Above Ground, Heated
    Lot
    • Size: 0.35 Acres
    • Features: Landscaped, Level, Oversized Lot
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Parcel number: 0045140004
    • Zoning: RSF1
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Block, Stucco
    • Foundation: Block, Slab
    • Roof: Shingle
    Condition
    • Completed
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: See Remarks, Well
    • Utilities for property: Cable Connected, Electricity Connected, Propane

    Community & HOA

    Community
    • Features: Deed Restrictions
    • Pet fee: $0 monthly
    • Subdivision: SHERWOOD ESTATES 3
    HOA
    • Has HOA: Yes
    • HOA fee: $7 monthly
    • HOA name: Suncoast Premier Realty Services
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $258/sqft
    • Tax assessed value: $415,100
    • Annual tax amount: $6,313
    • Date on market: 10/10/2025
    • Cumulative days on market: 21 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/12/2025Sold$515,000-6.4%$258/sqft
    Source: Stellar MLS #TB8435168 Report a problem
    11/1/2025Pending sale$550,000$275/sqft
    Source: Stellar MLS #TB8435168 Report a problem
    10/10/2025Listed for sale$550,000-0.2%$275/sqft
    Source: Stellar MLS #TB8435168 Report a problem
    6/10/2024Sold$551,000+10.2%$276/sqft
    Source: Stellar MLS #A4606795 Report a problem
    5/22/2024Pending sale$500,000$250/sqft
    Source: Stellar MLS #A4606795 Report a problem
    5/14/2024Price change$500,000-16.5%$250/sqft
    Source: Stellar MLS #A4606795 Report a problem
    4/22/2024Price change$599,000-3.2%$300/sqft
    Source: Stellar MLS #A4606795 Report a problem
    4/10/2024Listed for sale$619,000+79.4%$310/sqft
    Source: Stellar MLS #A4606795 Report a problem
    1/27/2017Sold$345,000-1.3%$173/sqft
    Source: Agent Provided Report a problem
    12/14/2016Pending sale$349,500$175/sqft
    Source: SUNCOAST PREMIER RLTY SOLUTION #A4166668 Report a problem
    11/7/2016Price change$349,500-2.8%$175/sqft
    Source: SUNCOAST PREMIER RLTY SOLUTION #A4166668 Report a problem
    10/12/2016Listed for sale$359,500-0.1%$180/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4166668 Report a problem
    7/13/2016Listing removed$359,950$180/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4156280 Report a problem
    6/8/2016Listed for sale$359,950+122.2%$180/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4156280 Report a problem
    9/9/2015Listing removed$2,250$1/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4126660 Report a problem
    9/1/2015Price change$2,250-6.1%$1/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4126660 Report a problem
    7/8/2015Listed for rent$2,395$1/sqft
    Source: SUNCOAST PREMIER REALTY SERV #A4126660 Report a problem
    12/12/2014Sold$162,000$81/sqft
    Source: Stellar MLS #N5784574 Report a problem
    9/12/2014Price change$162,000-1.8%$81/sqft
    Source: Exit King Realty #N5784574 Report a problem
    5/10/2014Listed for sale$165,000$83/sqft
    Source: Exit King Realty #N5784574 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,010 -20.6%$415,100 -14.7%
    2024$6,313 0%$486,600 -0.7%
    2023$6,315 +5.3%$490,100 +6.8%
    2022$5,999 +52%$458,900 +46.7%
    2021$3,947 +4.5%$312,754 +6.3%
    2020$3,779 +6.4%$294,333 +5.2%
    2019$3,550 $279,700 -8.1%
    2018$3,550 -7.5%$304,400 +29.1%
    2017$3,837 +60.6%$235,700 +8.7%
    2016$2,390 $216,800 +52%
    2015$2,390 $142,600 +25.3%
    2014$2,390 +12.9%$113,850 -7.7%
    2013$2,116 +12.3%$123,400 +19.2%
    2012$1,885 -0.5%$103,500 -2.5%
    2011$1,895 -16%$106,100 -16.6%
    2010$2,256 +87.1%$127,200 +50.2%
    2009$1,206 $84,702 +0.1%
    2008$1,206 -8.5%$84,617 +3%
    2007$1,318 $82,152 +2.5%
    2006-- $80,148 +3%
    2005-- $77,814 +3%
    2004$1,313 -0.4%$75,548 +1.9%
    2003$1,318 -3.3%$74,139 +2.4%
    2002$1,363 +5.8%$72,401 +1.6%
    2001$1,287 +1.9%$71,261 +3%
    2000$1,263 $69,185
    Find assessor info on the county website

    Neighborhood: Fruitville

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Fruitville Elementary
    • Middle: McIntosh Middle
    • High: Sarasota High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $505,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $505,800

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