Listing Details for MLS # TB8435168
505 E Lake Drive, Sarasota, Fl 34232

Residential Property - Single Family Residence in Sarasota

Listing Price: $550,000Days on Market: 1

Description of Property

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 10/14The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $640,000. This single family residence is listed at about 86% of the average asking price. There are 7 4 bedroom/3 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »