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
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Listing Snapshot
Price
$550,000
Days On Site
15 Days
Bedrooms
4
Inside Area (SqFt)
2,000 sqft
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.35 Acres
Year Built
1962
MLS® Number
TB8435168
Status
Active
Property Tax
$6,313
HOA/Condo/Coop Fees
$6.67 monthly
Sq Ft Source
Owner
Friends & Family
React
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Recent Activity
a week ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.35
Attached Garage
Yes
Direction Faces
West
Foundation
BlockSlab
Garage
Yes
Garage Spaces
1
Levels
One
Parking
BoatDrivewayGarage Door OpenerWorkshop in GarageAttached
Dimensions - 18x11Level - FirstFeatures - Kitchen Island
Living Room
Dimensions - 22x13Level - First
Master Bathroom
Dimensions - 6x11Level - First
Master Bedroom
Dimensions - 13x18Level - First
Primary Bedroom 2
Dimensions - 13x15Level - First
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Exterior Features
Construction Details
BlockStucco
Exterior
Rain Gutters
Lot Features
LandscapedLevelPaved
Patio And Porch
EnclosedFront PorchPatioScreened
Pool Features
GuniteHeatedIn GroundScreen EnclosurePrivate
Private Pool
Yes
Roof
Shingle
Spa
Yes
Spa Features
Above GroundHeated
Windows/Doors
Blinds
Community Features
Association Dues
80
Financing Terms Available
CashConventionalFHAVA Loan
HOA Fee Frequency
Annually
MLS Area
34232 - Sarasota/Fruitville
Roads
Paved
Township
36
Schools
School District
Unknown
Elementary School
Fruitville Elementary
Middle School
McIntosh Middle
High School
Sarasota High
Listing courtesy of COLDWELL BANKER REALTY 8636025970
Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-10-25 07:35 PM EDT
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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