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$505,281

Listing Price

4beds

3baths

1,884sqft

15,215sqft lot

505 E Lake Dr, Sarasota, FL 34232

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

268.2

Price / sqft

1962

Year built

Home Details

Beautifully Updated Home in Highly Sought-After Sherwood Estates in Sarasota. This is a rare find. nWelcome 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

Interior Details

Square Feet
  • 1884

Bedrooms
  • 4

Bathrooms
  • 3

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    Carpet

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 15215

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Stucco

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$3,779

$0

$0

--%

$294,333

2019

$3,550

$73,800

$205,900

--%

$279,700

2018

$3,837

$90,300

$214,100

--%

$304,400

2017

$3,482

$75,700

$160,000

--%

$235,700

2016

$3,298

$73,900

$142,900

--%

$216,800

2014

$2,263

$0

$0

--%

$132,400

2013

$2,115

$0

$0

--%

$113,850

2012

$1,885

$0

$0

--%

$103,500

percent-home-icon

Average Home Price in 34232

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$465,073

3 Beds

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Sold 09/05/2026

$299,329

3 Beds

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15,420 Lot (sqft)

Sold 08/14/2026

$538,484

3 Beds

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Sold 07/15/2026

$368,946

3 Beds

2 Baths

1,635 Sqft

15,322 Lot (sqft)

Sold 06/22/2026

$381,789

2 Beds

2 Baths

1,690 Sqft

18,326 Lot (sqft)

Sold 05/15/2026

$699,900

4 Beds

3 Baths

2,163 Sqft

8,360 Lot (sqft)

Sold 09/29/2026

$544,835

3 Beds

3.5 Baths

1,665 Sqft

10,933 Lot (sqft)

Sold 10/06/2026

$505,281

4 Beds

3 Baths

1,884 Sqft

15,215 Lot (sqft)

Sold 10/06/2026

$480,900

3 Beds

2 Baths

1,989 Sqft

14,577 Lot (sqft)

Sold 09/29/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
505,281
$
Down payment
101,056.20
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
3,031.68
$
HOA (Monthly)
0
$
PMI
0
$
$3,271
Your Payment
Total Monthly Payment:$3,271
Percent of Income:56%
Affordable:No

Details for 505 E LAKE DR

Property Debt

Foreclosure Contact Details