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Back 505 E Lake Dr
Off Market

505 E Lake Dr

Fruitville FL 34232

4
3
1
2242 sq. ft.
15215 sq. ft.
Single-Family
Last sold for $515,000
Alice ClarkAlice Clark, last sold this property on 10 December 2025 after 60 days on market.

Overview

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

Features

4 bedrooms
3 bathrooms
1 carspace
1 garage space
2242 sq. ft. floor area
15215 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Fruitville over the last 12 months, the estimated median property value of 505 E Lake Dr is $471.08k.

Median value
$471.08k
Estimated value range
$240k - $1.57m
Median days on market
19
Estimated value trend
-15%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Fruitville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505 E Lake Dr

2025
Sold
$515,000
10 Dec 2025 by Alice Clark, of COLDWELL BANKER REALTY
2024
Sold
$551,000
10 Jun 2024 by Cal Chepil
2017
Sold
$345,000
28 Jan 2017

Happy sellers in Fruitville

82%
82% of sellers in Fruitville reported that their sale price either exceeded or met their price expectations.

Fruitville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Fruitville over the last 12 months.

Local market activity for 4 bedroom single-family properties in Fruitville

In the last 12 months, 55 four-bedroom single-family properties similar to 505 E Lake Dr, have been sold.

This represents a 5% decrease in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Fruitville

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Scotty Ledford

Scotty Ledford is a recommended agent for Fruitville.  They have 11 local sales and collected 2 local reviews across the last 12 months.

  •   5   (15 reviews)
  •  2 Reviews in Fruitville
  •  11 Sales in Fruitville
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Midge McCarthy

Sellers who recommend Midge McCarthy have praised them for being local expert, reliable, supportive, responsive, detail-oriented, empathetic, and honest

  •   5   (54 reviews)
  •  2 Reviews in Fruitville
  •  4 Sales in Fruitville
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Cathy Watson

Sellers who recommend Cathy Watson have praised them for being local expert

  •   5   (21 reviews)
  •  2 Reviews in Fruitville
  •  2 Sales in Fruitville
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APRIL GREEN

Sellers who recommend APRIL GREEN have praised them for being local expert, clear communication, responsive, supportive, detail-oriented, proactive, and friendly

  •   5   (75 reviews)
  •  2 Reviews in Fruitville
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