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$500,000   Price Analysis
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505 E Lake Dr
Sarasota, FL 34232
4 bed 3 bath 2,000 SqFt ($250/SqFt)
0.35 acre lot. Built 1962
Listed 2024-04-10, HOA $5, Taxes $5,999
Ⓧ USDA Ineligible
due to location

near Sarasota

Enjoy the ultimate Florida lifestyle in this stunning four bedroom

* No Longer For Sale *
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Three bathroom home located at 505 E Lake Drive. Boasting a seamless flow from the kitchen to the living room and outdoor entertaining area with a salt water pool, this home is an entertainer's dream. The private backyard oasis features an oversized pool with two sun shelves. Recent upgrades including a new roof, hurricane windows and doors as well as newer plumbing, electrical, septic, well water system and central heating and A/C, along with a top-to-bottom interior renovations featuring a newer kitchen with granite and stainless steel appliances.

Nestled in a highly coveted location, this residence offers unparalleled convenience to all amenities, come experience the pinnacle f Sarasota living. Theres nothing left to do but move in and enjoy!





Property MLS #A4606795 from StellarMLS

Total Rooms: 11
Extra Room-3 Dimensions: 19 x 12
Living Room Dimensions: 22 x 13
Extra Room-3 Level: First
Living Room Level: First
Extra Room-1 Description: Bonus Room

Dishwasher
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Laundry Features: Laundry Closet

Bedrooms: 4
Primary Bedroom Dimensions: 13 x 18
Bedroom 2 Dimensions: 13 x 15
Bedroom 3 Dimensions: 13 x 13
Bedroom 4 Dimensions: 12 x 13
Primary Bedroom Level: First
Bedroom 2 Level: First
Bedroom 3 Level: First
Bedroom 4 Level: First

Total Bathrooms: 3
Full Bathrooms: 3
Bathroom 1 Dimensions: 6 x 11
Bathroom 2 Dimensions: 8 x 5
Bathroom 3 Dimensions: 8 x 5
Bathroom 1 Level: First
Bathroom 2 Level: First
Bathroom 3 Level: First

Ceiling Fans(s)
Kitchen/Family Room Combo
Walk-In Closet(s)
Flooring: Carpet, Ceramic Tile, Laminate

Cooling Features: Central Air
Heating Features: Central, Electric, Heat Pump

Dining Room Dimensions: 12 x 11
Dining Room Level: First
Kitchen Dimensions: 18 x 11
Kitchen Level: First

Lighting
Sliding Doors
Fencing: Fenced, Wood
Road Surface Type: Asphalt

Pool Features: Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure
Pool Private: Yes
Pool Size: 30' x 25'

Attached Garage: Yes
Garage Spaces: 2
Garage Features: 20x20
Parking Features: Boat, Converted Garage, Driveway, Garage Door Opener, RV Parking, Workshop in Garage

Lot Description: In County, Landscaped, Level, Near Public Transit, Oversized Lot, Private, Paved
Lot Size Acres: 0.35
Lot Size Square Feet: 15215

View: Pool, Trees/Woods

Association: Yes
Association Fee: 65
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 5
Association Name: Suncoast Premier Realty Services
Pets Allowed: Yes

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

Mcintosh Middle School is a public middle school located approximately 0.3 miles away.
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Fruitville Elementary School is a public elementary school located approximately 0.8 miles away.
directions icon Map directions

Sarasota High School is a public high school located approximately 3.2 miles away.
directions icon Map directions

Elevation Preparatory Academy is a private high school located approximately 0.4 miles away.
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Lease Term: Minimum Lease: No Minimum

Community Features: Deed Restrictions

Annual Tax Amount: 6315
Source Listing Status: Closed
County: Sarasota
Directions: McIntosh to East on North Lake. Right on East Lake, home on the left.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential
Area: 34232 - Sarasota/Fruitville
Source Neighborhood: SHERWOOD ESTATES
Parcel Number: 0045140004
Postal Code Plus 4: 1919
Subdivision: SHERWOOD ESTATES
Zoning: RSF1
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$308,200 + $150,700
$458,900
$5,999
2021$unknown + $unknown
$312,754
$3,947
2020$unknown + $unknown
$294,333
$3,779
2019$205,900 + $73,800
$279,700
$3,550
2018$214,100 + $90,300
$304,400
$3,837
2017$160,000 + $75,700
$235,700
$3,482
2016$142,900 + $73,900
$216,800
$3,298
2015$72,700 + $69,900
$142,600
$2,389
2014$unknown + $unknown
$132,400
$2,263
2013$unknown + $unknown
$113,850
$2,115
2012$unknown + $unknown
$103,500
$1,885
2011$unknown + $unknown
$106,100
$1,895
2010$unknown + $unknown
$127,200
$2,255
2009$unknown + $unknown
$84,702
$1,195
2008$unknown + $unknown
$84,617
$1,205
2007$unknown + $unknown
$82,152
$1,317

Sold 2024-06-10
$551,000
StellarMLS
Price Changed 2024-05-14
$500,000
StellarMLS
Price Changed 2024-04-22
$599,000
StellarMLS
Listed 2024-04-10
$619,000
StellarMLS
Listing removed 2023-01-19
$2,250
StellarMLS
Sold 2017-02-01
$345,000
StellarMLS
Price Changed 2016-11-08
$349,500
StellarMLS
Listed 2016-10-12
$359,500
StellarMLS
Listing removed 2016-07-14
$359,950
StellarMLS
Listed 2016-06-08
$359,950
StellarMLS
Listing removed 2015-09-10
$2,250
StellarMLS
Price Changed for rent 2015-08-31
$2,250
StellarMLS
Listed for rent 2015-07-07
$2,395
StellarMLS
Sold 2014-12-12
$162,000
StellarMLS
Price Changed 2014-09-11
$162,000
StellarMLS
Relisted 2014-07-20
$165,000
StellarMLS
Listing removed 2014-07-09
$165,000
StellarMLS
Relisted 2014-06-20
$165,000
StellarMLS
Listing removed 2014-06-18
$165,000
StellarMLS
Listed 2014-05-09
$165,000
StellarMLS
Sold 1978-08-01
$48,900
Public Record

Total Square Feet Living: 2000
Year Built: 1962
Building Area Source: Public Records
Building Area Total: 2242
Construction Materials: Block
Direction Faces: West
Foundation Details: Slab
Levels: One
Property Age: 62
Roof: Shingle
Architectural Style: Bungalow

Sewer: Aerobic Septic
Cable Connected
Electricity Connected
Phone Available
Water Source: Well

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.