505 E LAKE DRIVE, Sarasota, FL 34232
SOLD
DEC 12, 2025

$512,200

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 2,000 sqft (on 0.35 acres)

505 E LAKE DRIVE, Sarasota, FL 34232

Fruitville
Est. Refi. Payment $3,327/mo*
Refinance Your Home
Currently Off Market - Sold Dec 12, 2025 for $515,000 (6% below list price)

Home Value

Trulia Estimate
$512K
Since last month
Increased$400 (+0.1%)
Since last year
Increased$25K (+5.2%)
Since last sale
Decreased$2K (-0.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +47% in the last 10 years
MonthEstimated value
2026
September 2026$513K
August 2026$512K
July 2026$506K
June 2026$508K
May 2026$507K
April 2026$506K
March 2026$508K
February 2026$509K
January 2026$510K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4422 N LAKE DRIVE, Sarasota, FL
0.28
Single-Family Home
$515,000
12/08/25
3
2
1,782
5094 BUNYAN STREET, Sarasota, FL
0.54
Single-Family Home
$528,000
12/11/25
3
2.5
2,308
4301 BRACKENWOOD COURT, Sarasota, FL
0.56
Single-Family Home
$525,000
04/10/26
3
2.5
2,108
732 TUXFORD DRIVE, Sarasota, FL
0.42
Single-Family Home
$420,000
12/02/25
3
2.5
2,050
4453 LITTLE JOHN TRAIL, Sarasota, FL
0.45
Single-Family Home
$495,000
10/15/25
3
2
1,909
4595 FRIAR TUCK LANE, Sarasota, FL
0.47
Single-Family Home
$415,000
10/30/25
3
2.5
1,686
5163 ASHER COURT, Sarasota, FL
0.45
Single-Family Home
$600,000
12/19/25
4
3
2,307
4711 MAID MARIAN LANE, Sarasota, FL
0.43
Single-Family Home
$553,000
02/11/26
3
3.5
1,665

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4518 N LAKE DRIVE, Sarasota, FL 34232
0.11
$427,000
3
2
1,753
Off Market
326 E LAKE DRIVE, Sarasota, FL 34232
0.11
$585,200
4
3
2,152
Off Market
4525 N LAKE DRIVE, Sarasota, FL 34232
0.15
$795,500
3
3
2,333
Off Market
4554 COOPER ROAD, Sarasota, FL 34232
0.19
$1,150,000
4
3.5
3,354
For Sale
725 WESTLAKE CIRCLE, Sarasota, FL 34232
0.17
$810,500
3
3
2,490
Off Market
92 TALL TREES COURT, Sarasota, FL 34232
0.21
$491,600
3
2
2,003
Off Market
133 TUCKER AVENUE, Sarasota, FL 34232
0.23
$420,700
3
2
1,524
Off Market
129 TUCKER AVENUE, Sarasota, FL 34232
0.24
$376,200
3
2
1,542
Off Market
125 TUCKER AVENUE, Sarasota, FL 34232
0.25
$417,300
3
2
1,549
Off Market
132 TALL TREES COURT, Sarasota, FL 34232
0.25
$515,000
3
2
1,865
For Sale
76 TALL TREES COURT, Sarasota, FL 34232
0.25
$512,500
3
2
1,612
Off Market

Local Information

  • Map ViewExplore the area around 505 E LAKE DRIVE.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1962
0.35 acre lot
2,000 sqft
$258/sqft
1 Car Garage
HOA $7/mo

About this House

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 10/14
505 E LAKE DRIVE, Sarasota, FL 34232 is a 4 bedroom, 3 bathroom, 2,000 sqft single-family home in Fruitville, built in 1962. It last sold for $515,000 on Dec 12, 2025 (6% below the $550,000 asking price). More recently, it was listed as a rental in July 2015 with an asking price of $2,395 per month. That rental listing was removed on September 9, 2015. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $512,200, with a rent estimate of $4,235/month.
Last check for updates: about 19 hours ago
Listed by Alice Clark, (863) 602-5970
COLDWELL BANKER REALTY, (813) 253-2444
Julie Morris, (813) 927-7265
RE/MAX REALTY UNLIMITED, (813) 684-0016
Bought with: Dave Beachy, (941) 371-8163, BEACHY PROPERTIES, (941) 371-8163
Originating MLS: Suncoast Tampa
Source: Stellar MLS, MLS#TB8435168
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511

Home Details for 505 E LAKE DRIVE

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Primary Bedroom, Primary Bedroom 2, Bedroom 2, Primary Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2000 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity Connected, PropaneAppliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water PurifierDishwasherDisposalDryerLaundry: Laundry ClosetMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Central,ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Spa: Above Ground, HeatedNo FireplaceHas a Spa
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: Blinds, Window TreatmentsDoor: Sliding DoorsFlooring: Ceramic Tile, Luxury Vinyl
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Ceramic Tile, Luxury Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Enclosed, Front Porch, Patio, ScreenedVegetation: Mature Landscaping, Trees/LandscapedExterior: Irrigation System, Rain GuttersFoundation: Block, SlabHas a Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Other Parking: Garage Dimensions: 20x20No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: Boat,Driveway,Garage Door Opener,Workshop in Garage
Pool
Pool: Deck, Gunite, Heated, In Ground, Screen EnclosurePool
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Septic Tank

Days on Market

Cumulative Days on Market: 21

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Block, StuccoNot a New ConstructionNot Attached PropertyNo Additional ParcelsDoes Not Include Home Warranty
Property Information
Condition: CompletedParcel Number: 0045140004

Price & Status

Price
List Price: $550,000Price Per Sqft: $258/sqft
Status Change & Dates
Off Market Date: Fri Oct 31 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Sold

Media

Location

Direction & Address
City: SARASOTACommunity: SHERWOOD ESTATES 3
School Information
Elementary School: Fruitville ElementaryJr High / Middle School: McIntosh MiddleHigh School: Sarasota High

Building

Building Area
Building Area: 2242 Square Feet

Community

Community Features: Deed RestrictionsNot Senior Community

HOA

HOA Name: Suncoast Premier Realty ServicesAssociation for this Listing: Suncoast TampaHas an HOAHOA Fee: $7/Monthly

Lot Information

Lot Area: 0.35 acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: TB8435168Showing Considerations: See RemarksShowing Requirements: Appointment Only, Call Listing Agent, Lockbox - CodedUniversal Property Id: US-12115-N-0045140004-R-N

Additional Information

Deed Restrictions

Price and Tax history

DateEventPrice
Dec 12, 2025
Source: Stellar MLS #TB8435168
Sold
$515,000
Nov 1, 2025
Source: Stellar MLS #TB8435168
Pending
$550,000
Oct 10, 2025
Source: Stellar MLS #TB8435168
Listed For Sale
$550,000
Jun 10, 2024
Source: Stellar MLS #A4606795
Sold
$551,000
May 22, 2024
Source: Stellar MLS #A4606795
Pending
$500,000

Market trends in Sarasota

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$423K
$3.33KMoM
Sale-to-List Price
96.1%
Price per sq ft
$259
$4MoM
Available listings
2175
126MoM

Around this home

Neighborhood Overview

Fruitville
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fruitville

At least 82 Trulia users voted on each feature.

  • 98 % Say it's dog friendly

  • 86 % Say there's holiday spirit

  • 85 % Say parking is easy

  • 80 % Say car is needed

  • 77 % Say it's quiet

  • 74 % Say yards are well-kept

  • 66 % Say there are sidewalks

  • 62 % Say kids play outside

  • 61 % Say people would walk alone at night

  • 60 % Say they plan to stay for at least 5 years

  • 59 % Say neighbors are friendly

  • 58 % Say there's wildlife

  • 57 % Say streets are well-lit

  • 42 % Say it's walkable to grocery stores

  • 38 % Say it's walkable to restaurants

  • 31 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Hamilton
    "I am visiting for a couple of weeks and so far Sarasota seem very safe for me. I am staying outside downtown. About 20 minutes outside downtown Sarasota and I feel very safe outside here. I am yet to experience downtown at night."
    1
    Flag
  • Dana Smith
    "Very busy road close by. Quite dark outside. Mostly younger people. Some kids around but nowhere safe to play. "
    0
    Flag
  • Dana Smith
    "Roads are quite busy but the highway is easily accessible, many businesses in the area, and a short drive to the beach!"
    0
    Flag
  • Trulia User
    "I don’t actually have one. I work from home, but if you walk out of the development, there is a bus stop not too far away if you don’t have a car. Most things are within 20 minutes away from here."
    2
    Flag
  • Trulia User
    "There are Farmers markets on the weekends. Close to the beach and tons of events at UTC year round. It also has a lot of dog parks around town in case you have pets. "
    1
    Flag
  • Trulia User
    "Beautiful weather and atmosphere. Amish restaurants, hotel and goods sold in the area. Very fresh produce. Friendly people. Tons of shopping plazas, everything you could need. Great area, central to beaches, as well."
    3
    Flag
  • Trulia User
    "There’s dog poo everywhere. And very busy roads. Not the best area for dogs that need to get out a lot. Way too much traffic "
    3
    Flag
  • Trulia User
    "Amazing place to raise kids and also to live. When neighbors are not afraid to speak to one another is an amazing thing "
    0
    Flag
  • Staciewilliams
    "Close to utc, restaurants and entertainment. Great area to live in. Benderson park close for exercise. "
    0
    Flag
  • Litaacutt
    "In the subdivision of Cedar Hammock it is safe , peaceful and private. Very neighborly. My children enjoy their culdesa. This community is great for riding bikes and long walks with our dog. Conviniently located by the park and soccer field for even more enjoyment."
    0
    Flag
  • Jlbagnano%40gmail.com
    "Neighborhood is quiet and safe. We have annual garage sales, holiday contests, and barbecues. I have lived here almost 30 years. "
    8
    Flag
  • Genna S.
    "We are close to Cattlemen and can easily take it to Bee Ridge or Fruitville to get on 75. "
    2
    Flag
  • C
    "Every Halloween there is a hot dog block party in the neighborhood. Free food and free beer for the parents. Good music and good vibes"
    8
    Flag
  • Sarathompson941
    "I live here. Great neighborhood! Close to everything. Within walking dostance to restaurants, shops, and more. "
    6
    Flag
  • Sarathompson941
    "Nice place to live. Lived in the area for about 6 years now. People do drive a. It too fast on the back roads, but other than that it’s a quiet neighborhood. "
    1
    Flag
  • Bridgetv99
    "Great neighborhood ... convenient to stores such as publix, target, winndixie, lowes, homedepot.. also great restaurants just around the corner less than 3 mins away."
    0
    Flag
  • Skinnerkoroll
    "we have had community yard sales occasionally. social networking on nextdoor. occasionally socializing at a neighbor party"
    1
    Flag
  • Mike
    "HAVE LIVED HERE 5 YRS LOVE IT . PET FRINDLEY GREAT NEIGHBORS, SAFE , HAS LOTS OF TREES."
    2
    Flag
  • Eileen D. D. B.
    "Pinewood Forest has 2 fresh water lakes. Family friendly neighborhood. Sidewalks and street lights. Easy access to shopping of all sorts. 15 minute to Lido Key Beach and St Armands Circle."
    1
    Flag
  • Sharon M.
    " I live in the Meadows, just a few minutes from this home which was my family home where I raised my children. It is a rental. This area is growing fast. The new University Pkwy. shopping mall is a big plus. The entire area has almost every top store to shop at now. Doctors and medical needs have come to this area too. No more driving to the Ssta Mem Hospital area. Dr's Hospital has brought many doctors to this area. I have lived in this area since 1982 and have watched it grow. Home prices will go up because of all the new stores opening and so many other needs for shopping are now here. This is a quiet neighborhood, speed limit is 25 mph. Safe for kids, pets and nice walks in the evenings. It is an affordable neighborhood to rent or buy in."
    3
    Flag
  • Keith N.
    "This community has Colonial Oaks Park within it, which is a beautiful, multi-use park with a playground, tennis courts and lovely public rooms available for community use. They are often used for yoga, jazzercise and other classes and programs. We love the family and pet friendly spirit of the neighborhood. On the weekends there are always a few great yard sales, too!"
    0
    Flag
  • wyatt s.
    "Small development just off Fruitville. Quiet streets Close to shopping and dining. "
    0
    Flag
  • Corbett D.
    "This neighborhood is a bit of a hidden gem, forgotten by the new massive communities with beige colored houses as far as the eye can see. There is real character here in the tall oak lined streets and numerous lakes. Also, the community park, cared for by the county, is a tremendous feature. Everyone must drive through this neighborhood at some point in there Sarasota travels."
    0
    Flag
  • rockwell4325
    "Excellent location. Secluded, Large lots, very well kept homes. Very pet friendly. One mile to Sarasota Christian School, (Pre-k thru 12th grade) within three miles of Brentwood Elementary, Bishop Nevin's/ St. Martha's, and McIntosh Middle. Within five miles of Tatum Elementary and Cardinal Mooney High School. Convenient to shopping, (Target, Publix, Home Depot, Lowes, Beall's, Burlington Coat Factory, etc., etc.!) and fast food, restaurants, Colonial Oaks Park, and the Celery Fields. Easy access to I75. This is close to it all, yet very quiet and secluded neighborhood. No through traffic. Only five minutes to Doctor's Hospital and ten to fifteen minutes to Sarasota Memorial Hospital. Like I said, close to everything! Kids in neighborhood range in age from six to young college age. Incredibly nice and friendly neighbors. "
    0
    Flag
  • dano_c2001
    "I live in this area for 5 years with my fanily, safe and clean and is close to everything...love it"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 505 E LAKE DRIVE

  • What is 505 E LAKE DRIVE estimated to be worth?
    Trulia's estimated value for 505 E LAKE DRIVE in Sarasota, FL is $512,200.
  • What is the price history for 505 E LAKE DRIVE?
    505 E LAKE DRIVE in Sarasota, FL last sold for $515,000 in December 2025.
  • Is Sarasota a buyer's or seller's market?
    Sarasota is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Sarasota?
    The median sale price in Sarasota is $423K. That is down $3.33K from the prior month.
  • Does 505 E LAKE DRIVE have air conditioning?
    Yes, 505 E LAKE DRIVE in Sarasota, FL has air conditioning.
  • Does 505 E LAKE DRIVE have a pool?
    Yes, 505 E LAKE DRIVE in Sarasota, FL has a pool.

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