25 days on rocket

505 E Lake Dr, Sarasota, FL, 34232

$599,000

Home List Price

$7,113*

Closing Credit

4 Bedrooms
3 Full Baths
2,000 SqFt
$300/SqFt
House
Schools Nearby

Location

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505 E Lake Dr, Sarasota$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Converted Garage, Driveway, Garage Door Opener, RV Parking, Workshop in Garage
Attached Garage2 spaces
Year Built1962
HeatingCentral, Electric, Heat Pump
CoolingCentral Air
ViewPool, Trees/Woods
Private PoolYes
MLS #A4606795
Lot Size0.35 Acres
StatusActive

About 505 E Lake Dr

Enjoy the ultimate Florida lifestyle in this stunning four bedroom, three bathroom home located at 505 E Lake Drive. Boasting a seamless flow from the kitchen to the living room and outdoor entertaining area with a salt water pool, this home is an entertainer's dream. The private backyard oasis features an oversized pool with two sun shelves. Recent upgrades including a new roof as well as newer plumbing, electrical, septic, well water system and central heating & A/C, along with a top-to-bottom interior renovations featuring a newer kitchen with granite and stainless steel appliances. Nestled in a highly coveted location, this residence offers unparalleled convenience to all amenities, come experience the pinnacle of Sarasota living. There’s nothing left to do but move in and enjoy!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1962
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: EXP REALTY LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Cal Chepil

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile, Laminate
  • Interior: Ceiling Fans(s), Kitchen/Family Room Combo, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Pool, Trees/Woods
  • Exterior: Lighting, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Boat, Converted Garage, Driveway, Garage Door Opener, RV Parking, Workshop in Garage

Lot Features

Lot Information:

  • Lot: Landscaped, Level, Near Public Transit, Oversized Lot, Private, Paved
  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • McIntosh Middle School, Public District Grades 6-8
  • Fruitville Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: McIntosh to East on North Lake. Right on East Lake, home on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $300/SqFt

HOA Fees:

  • Amount: $65
  • Frequency: Annually

Tax Information:

  • Annual Amount: $3,779
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

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Sarasota, FL

City

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

505 E Lake Dr vs Sarasota

25 DAYS ON ROCKET

-31 Days

$599,000

+$79.9K More

$300/SqFt

-$7 Less

KEY TAKEAWAY

This property is $79.9K more than the Median Sold Price and $7/SqFt less than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4606795

Listing Office:

  • Office Name: EXP REALTY LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Cal Chepil

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/5/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 30, 2017Home Sold
$345,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,779$294,333
2019$3,550$279,700
2018$3,837$304,400
2017$3,482$235,700

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6802813
6
/10

  • Fruitville Elementary School

  • 601 Honore Ave

  • 0.77 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6802814
5
/10

  • McIntosh Middle School

  • 701 Mcintosh Rd

  • 0.21 miles

  • Public District Grades 6-8

High School

school-card-donut-6802815
4
/10

  • Sarasota High School

  • 1000 S School Ave

  • 3.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,472. Most Sarasota, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 E Lake Dr

What is the listing price of this property?

The listing price of 505 E Lake Dr property is $599,000.

What type of property is this?

The property 505 E Lake Dr is a house located in Sarasota, Florida, 34232.

Is this property for sale now?

Active Listing: 505 E Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 E Lake Dr are:
Fruitville Elementary School: GreatSchools Rating 6/10
McIntosh Middle School: GreatSchools Rating 5/10
Sarasota High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,779 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 30, 2017 for $345,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 E Lake Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 505 E Lake Dr is 2,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 E Lake Dr is 1962.

Rocket Homes›Florida›Sarasota County›Sarasota›34232›505 E Lake Dr

This home is located at 505 E Lake Dr in Sarasota, FL and zip code 34232. This 2,000 square foot home, which was built in 1962, sits on a 0.35 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $599,000.

In April 2024, from all listings sold in Sarasota, FL there were more than 41 sold above asking price, over 462 sold below and more than 90 were sold right at the asked price. In April 2024 in Sarasota, FL there were 1.8% less homes for sale than in March 2024. In April 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $519,031.

From Rocket Homes Real Estate and based on county public records data.

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