540 E Lake Dr, Sarasota, FL 34232
Property image
Property image
OFF MARKET

$467,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,728 sqft (on 0.51 acres)

540 E Lake Dr, Sarasota, FL 34232

Fruitville
Est. Refi. Payment $2,935/mo*
Refinance Your Home
Currently Off Market - Sold Nov 15, 2016 for $238,000

Home Value

Trulia Estimate
$467K
Since last month
Decreased$2K (-0.4%)
Since last year
Increased$19K (+4.4%)
Since last sale
Increased$226K (+94.8%)
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 +64% in the last 10 years
MonthEstimated value
2026
August 2026$464K
August 2026$463K
July 2026$466K
June 2026$468K
May 2026$460K
April 2026$463K
March 2026$468K
February 2026$471K
January 2026$455K
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
604 Westlake Dr, Sarasota, FL
0.28
Single-Family Home
$305,000
10/28/25
3
2
1,888
604 W LAKE DRIVE, Sarasota, FL
0.28
Single-Family Home
$305,000
10/27/25
3
2
1,888
305 E Lake Dr, Sarasota, FL
0.14
Single-Family Home
$302,000
04/29/26
4
3
1,986
4422 N LAKE DRIVE, Sarasota, FL
0.27
Single-Family Home
$515,000
12/08/25
3
2
1,782
505 E LAKE DRIVE, Sarasota, FL
0.05
Single-Family Home
$515,000
12/12/25
4
3
2,000
25 S Houle Ave, Sarasota, FL
0.51
Single-Family Home
$300,000
08/04/26
3
2
1,696
4253 PRAIRIE VIEW DRIVE, Sarasota, FL
0.49
Single-Family Home
$470,000
09/30/25
3
2
1,643
4453 LITTLE JOHN TRAIL, Sarasota, FL
0.40
Single-Family Home
$495,000
10/15/25
3
2
1,909
4443 ROBIN HOOD TRAIL W, Sarasota, FL
0.54
Single-Family Home
$455,000
01/28/26
3
2
1,930
75 S HOULE AVENUE, Sarasota, FL
0.47
Single-Family Home
$350,000
09/30/25
3
2
1,632

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
505 E LAKE DRIVE, Sarasota, FL 34232
0.05
$515,000
4
3
2,000
Recently Sold
326 E LAKE DRIVE, Sarasota, FL 34232
0.10
$585,200
4
3
2,152
Off Market
725 WESTLAKE CIRCLE, Sarasota, FL 34232
0.14
$814,100
3
3
2,490
Off Market
4518 N LAKE DRIVE, Sarasota, FL 34232
0.14
$421,100
3
2
1,753
Off Market
4525 N LAKE DRIVE, Sarasota, FL 34232
0.18
$793,600
3
3
2,333
Off Market
4554 COOPER ROAD, Sarasota, FL 34232
0.24
$1,200,000
4
3.5
3,354
For Sale
92 TALL TREES COURT, Sarasota, FL 34232
0.25
$490,000
3
2
2,003
Off Market
4422 N LAKE DRIVE, Sarasota, FL 34232
0.27
$515,000
3
2
1,782
Recently Sold
604 W LAKE DRIVE, Sarasota, FL 34232
0.28
$302,100
3
2
1,888
Off Market
510 WESTLAKE DRIVE, Sarasota, FL 34232
0.28
$476,300
3
2
2,311
Off Market
133 TUCKER AVENUE, Sarasota, FL 34232
0.29
$419,100
3
2
1,524
Off Market
76 TALL TREES COURT, Sarasota, FL 34232
0.29
$507,500
3
2
1,612
Off Market

Local Information

  • Map ViewExplore the area around 540 E Lake Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1989
Lot Size
0.51 acres
Living Area
1,728 sqft
Price/Sqft
$270
Parking
Garage

About this House

AWC - Taking Backup Offers Fantastic property in highly sought after Sherwood Estates. This thoughtfully placed home on over half an acre boasts lake views from the living room, master bedroom, kitchen and third bedroom. The 3 bedroom 2 bath split floor plan is perfect for families or when guests visit. Enjoy relaxing in the large living room with wood burning fireplace. The home has many great features including eat-in kitchen with plenty of storage and built in desk area, inside laundry and screened lanai overlooking the lake, complete with hot tub. This house is a must see, schedule your showing today!
540 E Lake Dr, Sarasota, FL 34232 is a 3 bedroom, 2 bathroom, 1,728 sqft single-family home in Fruitville, built in 1989. It last sold for $238,000 on Nov 15, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $467,300, with a rent estimate of $2,827/month.

Home Details for 540 E Lake Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Number of Rooms: 7Types of Rooms: Walk In ClosetCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
FireplaceHot Tub or Spa

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Stucco, WoodFoundation Type: ConcretePatioPorch
Parking & Garage
GarageParking: Carport, Garage

Property Information

Year Built
Year Built: 1989Year Updated: 1989
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.51 acres

Mobile R/V

RV Parking
Rv Parking

Price and Tax history

DateEventPrice
Nov 15, 2016
Source: Stellar MLS #A4164356
Sold
$238,000
Sep 14, 2016
Source: Agent Provided
Listed For Sale
$289,900
Feb 10, 2005
Source: N/A
Sold
$319,000

Market trends in Sarasota

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$427K
$5KMoM
Sale-to-List Price
96.1%
0.1%MoM
Price per sq ft
$263
$1MoM
Available listings
2298
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 540 E Lake Dr

  • What is 540 E Lake Dr estimated to be worth?
    Trulia's estimated value for 540 E Lake Dr in Sarasota, FL is $467,300.
  • What is the price history for 540 E Lake Dr?
    540 E Lake Dr in Sarasota, FL last sold for $238,000 in November 2016.
  • 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 $427K. That is down $5K from the prior month.
  • Does 540 E Lake Dr have air conditioning?
    Yes, 540 E Lake Dr in Sarasota, FL has air conditioning.
  • Does 540 E Lake Dr have laundry facilities?
    Yes, 540 E Lake Dr in Sarasota, FL has in-unit laundry.

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