540 E Lake Dr, Sarasota, FL 34232
OFF MARKET

540 E Lake Dr
Sarasota, FL 34232

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

$460,300

Trulia Estimate
as of Jun 11, 2026
Est. Refi. Payment $2,877/mo*
Refinance Your Home

$460,300

Trulia Estimate
as of Jun 11, 2026
Est. Refi. Payment $2,877/mo*
Refinance Your Home
3 Beds
2 Baths
1,728 sqft
(on 0.51 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
Porch, Patio, Deck
View
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 540 E Lake Dr

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Number of Rooms: 7Types of Rooms: Walk In ClosetCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDryerMicrowaveRefrigeratorWasher
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 History for 540 E Lake Dr

DatePriceEventSource
11/15/2016$238,000Sold
Stellar MLS #A4164356
09/14/2016$289,900Listed For SaleAgent Provided
02/10/2005$319,000Sold
N/A

Market trends in Sarasota

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$413K
$8.33KMoM
Sale-to-List Price
95.8%
0.1%MoM
Price per sq ft
$256
$4MoM
Available listings
2831
56MoM
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Property Tax and Assessment

Year2025
Tax$5,390
Assessment$412,400
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,913/mo
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Homes for rent near 540 E Lake Dr

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Comparable Sales for 540 E Lake Dr

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 Dr, 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 Dr, Sarasota, FL
0.27
Single-Family Home
$515,000
12/08/25
3
2
1,782
505 E Lake Dr, Sarasota, FL
0.05
Single-Family Home
$515,000
12/12/25
4
3
2,000
4253 Prairie View Dr, Sarasota, FL
0.49
Single-Family Home
$470,000
09/30/25
3
2
1,643
4453 Little John Trl, Sarasota, FL
0.40
Single-Family Home
$495,000
10/15/25
3
2
1,909
4443 Robin Hood Trl W, Sarasota, FL
0.54
Single-Family Home
$455,000
01/28/26
3
2
1,930
75 S Houle Ave, Sarasota, FL
0.47
Single-Family Home
$350,000
09/30/25
3
2
1,632
135 Tall Trees Ct, Sarasota, FL
0.30
Single-Family Home
$433,500
12/23/25
3
2
1,740

Nearby homes

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Assigned Schools

These are the assigned schools for 540 E Lake Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • 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
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Homes for sale near 540 E Lake Dr

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Off Market Homes Near 540 E Lake Dr

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540 E Lake Dr, Sarasota, FL 34232 is a 3 bedroom, 2 bathroom, 1,728 sqft single-family home built in 1989. 540 E Lake Dr is located in Fruitville, Sarasota. This property is not currently available for sale. 540 E Lake Dr was last sold on Nov 15, 2016 for $238,000. The current Trulia Estimate for 540 E Lake Dr is $460,300.