505 E Lake Drive, Sarasota, FL 34232

Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
505 E Lake Drive,Sarasota, FL 34232
$550,000
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  • 4 Beds
  • 3 Baths
  • 2,000 sq. ft.
  • Single family
  • Pending
Listed by: alice clark, julie morris
Office: coldwell banker realty
MLS#:TB8435168
Source:MFRMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$245.32
  • Monthly HOA dues:$6.67

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)

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Home facts

  • Year built:1962
  • Listing ID #:TB8435168
  • Added:46 day(s) ago
  • Updated:November 26, 2025 at 11:28 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1962
  • Building area:2,000 sq. ft.
  • Lot area:0.35 Acres

Schools

  • High school:Sarasota High
  • Middle school:McIntosh Middle
  • Elementary school:Fruitville Elementary

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$245.32
  • Tax amount:$6,313 (2024)
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