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505 E Lake Drive, Sarasota, FL 34232
$500,000 Sale Pending
505 E Lake Drive, Sarasota, FL 34232View this property at 505 E Lake Drive, Sarasota, FL 34232
505 E Lake DriveSarasotaFL34232
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Property Description
Under contract-accepting backup offers. Enjoy the ultimate Florida lifestyle in this stunning four bedroom, 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 & doors as well as newer plumbing, electrical, septic, well water system and central heating & 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 of Sarasota living. There's nothing left to do but move in and enjoy!
Full Property Details
Full Property Details for 505 E Lake Dr
General
- Price: $500,000
- HOA FEE: $5/month
- HOA FEE FREQ.: Annually
- Taxes: $6,315 (2023)
- Status: Pending
- Type: Single Family
- MLS ID: A4606795
- Updated: 5/22/2024
- Added to Site: 53 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 11
- Interior Features: Ceiling Fan(s), Kitchen and Family Room Combination, Walk-In Closet(s)
- Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Flooring: Carpet, Ceramic Tile, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure
Exterior
- Exterior Features: Lighting, Sliding Doors
- Deck/Patio: Covered, Deck, Screened
- Porch/Patio/Deck: Covered, Deck, Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Boat, Converted Garage, Driveway, Garage Door Opener, RV Parking, Workshop in Garage
Location
- Area: 34232 - Sarasota/Fruitville
- County: Sarasota
- Development Name: 34232 - Sarasota/Fruitville
- Subdivision: SHERWOOD ESTATES
- Driving Directions: McIntosh to East on North Lake. Right on East Lake, home on the left.
- Direction Faces: West
School Information
- Elementary School: Fruitville Elementary
- Middle School: McIntosh Middle
- High School: Sarasota High
Community
- Community Name: 34232 - Sarasota/Fruitville
- Community Features: Deed Restrictions
- Association: Yes
- Assoc. Name: Suncoast Premier Realty Services
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Aerobic Septic
- Water: Well
- Utility Description: Cable Connected, Electricity Connected, Phone Available
Structural Information
- Architectural Info: Bungalow
- Architectural Style: Bungalow
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 2,000
- Sq. Ft. Source: Public Records
- Year Built: 1962
Lot Features
- Property View: Pool, Trees/Woods
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,215
- Lot Size: 15215
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
- Fencing (Description): Fenced, Wood
Financial Considerations
- Association Fee: $65
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- Tax Amount: $6,315
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 99 SHERWOOD ESTATES UNIT 3
- Flood Zone Info: x
- APN: 45140004
- Property ID: 45140004
Listed by Exp Realty Llc
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Schools
Schools serving 505 E Lake Dr
School District:Sarasota County School District
Rating | Name | Grades | Distance |
---|---|---|---|
601 Honore Ave, Sarasota, FL 34232 | PK-5 | 0.8 mi | |
701 McIntosh Rd, Sarasota, FL 34232 | 6-8 | 0.3 mi | |
2155 Bahia Vista St, Sarasota, FL 34239 | 9-12 | 3.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 E Lake Dr
Date
Details
Price
Change
Source
5/14/2024
Price Reduced
$500,000
-16.53%
MLS
4/22/2024
Price Reduced
$599,000
-3.23%
MLS
4/10/2024
Listed
$619,000
75.07%
MLS
1/26/2017
Sold
$353,571
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 E Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,315
60%
$490,100
57%
2021
$3,947
-34%
$312,754
-32%
2022
$5,999
52%
$458,900
56%
2021
$3,947
11%
$294,333
5%
2019
$3,550
-7%
$279,700
-8%
2018
$3,837
10%
$304,400
29%
2017
$3,482
6%
$235,700
9%
2016
$3,298
38%
$216,800
52%
2015
$2,390
6%
$142,600
8%
2014
$2,263
7%
$132,400
16%
2013
$2,116
—
$113,850
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 E Lake Dr
505 E Lake Drive, Sarasota, FL 34232 (MLS# A4606795) is a Single Family property with 4 bedrooms and 3 full bathrooms. 505 E Lake Drive is currently listed for $500,000 and was received on April 10, 2024. Want to learn more about 505 E Lake Drive? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.