3 months on rocket

516 E Lake Dr, Sarasota, FL, 34232

$679,999

Home List Price

$8,075*

Closing Credit

3 Bedrooms
2 Full Baths
2,362 SqFt
$288/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

516 E Lake Dr, Sarasota$679,999

Buyer Closing Credits

$8,075*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Attached Garage2 spaces
Year Built1960
HeatingCentral, Electric
CoolingCentral Air, Zoned
WaterfrontLake Front
FireplaceFamily Room, Wood Burning
ViewGarden, Pool, Water
Private PoolYes
MLS #A4594489
Lot Size0.34 Acres
StatusActive

About 516 E Lake Dr

This enchanting 3-bedroom, 2-bathroom, 2-car garage pool home nestled along the serene shores of a picturesque lake. This meticulously maintained residence seamlessly combines modern living with the tranquility of its surroundings, creating a rare haven of comfort and peace. Surrounded by lush landscaping, the property unfolds as a private oasis, extending a warm welcome each time you return. Stunning and Dramatic Direct Sunset Views . Immerse yourself in mesmerizing lake views, either from your backyard sanctuary or while taking a leisurely swim in the inviting solar heated pool. The fenced yard not only ensures privacy but also provides an ideal space for pets, and serene moments. Recent upgrades to the home include in 2023-2024 New HVAC system, New mini split AC in Great Room, New Pool Filtration System , New Flat Roof , New Kitchen Stove, Micro Wave and Wine Refrigerator , Updated Bathrooms, State-of-the-art water treatment system ensures clean and refreshing water throughout the property, Sewer Main Drain Pipes recently jet cleaned , a new washer and dryer (2023) for modern convenience. House recently painted and Bahama Shutters added inside and out. Over 100K in upgrades since 2021 ! Move in Condition. With no deed restrictions, you have the freedom to tailor your home to your unique tastes. Additionally, enjoy direct access to the lake for fishing, kayaking, and paddleboarding. Conveniently located just minutes from Cardinal Mooney, McIntosh Middle School, and the recreational haven of Fruitville Park, this property offers an unparalleled combination of beauty, comfort, and accessibility. Don't miss out—schedule a private showing today and step into your dream home!

Property Details

Property Features

Property Information:

  • Architectural Style: Florida, Traditional
  • Year Built: 1960
  • Stories: 1
  • Living Area: 2,362 SqFt

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 954-5454
  • Listing Agent: Lee Brewer

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Refrigerator, Washer, Water Filtration System, Wine Cooler
  • Flooring Type: Ceramic Tile, Laminate
  • Interior: Ceiling Fans(s), L Dining, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Vaulted Ceiling(s), Walk-In Closet(s)
  • Fireplace: Family Room, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Lake Front
  • View: Garden, Pool, Water
  • Exterior: Garden, Irrigation System, Lighting, Private Mailbox, Sliding Doors, Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Landscaped, Paved
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Zoned

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: From Fruitville Road, South on McIntosh Road, left on N. Lake Drive, right on E. Lake Drive, the house is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $679,999
  • Price Per SqFt: $288/SqFt

HOA Fees:

  • Amount: $125
  • Frequency: Annually

Tax Information:

  • Annual Amount: $2,041
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Sarasota, FL

City

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

516 E Lake Dr vs Sarasota

116 DAYS ON ROCKET

+60 Days

$679,999

+$160.9K More

$288/SqFt

-$19 Less

KEY TAKEAWAY

This property is $160.9K more than the Median Sold Price and $19/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: #A4594489

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 954-5454
  • Listing Agent: Lee Brewer

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: 5/2/2024, 9:19:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 15, 2021Home Sold
$459,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,041$153,390
2019$1,957$149,941
2018$1,898$147,145
2017$1,886$144,119

History based on county public records data.

Payment Calculator

$3,471

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,105

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-4659026
6
/10

  • Fruitville Elementary School

  • 601 Honore Ave

  • 0.81 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4659027
5
/10

  • McIntosh Middle School

  • 701 Mcintosh Rd

  • 0.17 miles

  • Public District Grades 6-8

High School

school-card-donut-4659028
4
/10

  • Sarasota High School

  • 1000 S School Ave

  • 3.18 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 most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 516 E Lake Dr

What is the listing price of this property?

The listing price of 516 E Lake Dr property is $679,999.

What type of property is this?

The property 516 E Lake Dr is a house located in Sarasota, Florida, 34232.

Is this property for sale now?

Active Listing: 516 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 516 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 $2,041 (source: MLS/based on county public records data).

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

The last sale was on June 15, 2021 for $459,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 516 E Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 516 E Lake Dr is 2,362 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 516 E Lake Dr is 1960.

Rocket Homes›Florida›Sarasota County›Sarasota›34232›516 E Lake Dr

This home is located at 516 E Lake Dr in Sarasota, FL and zip code 34232. This 2,362 square foot home, which was built in 1960, sits on a 0.34 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 06, 2024 and is currently priced at $679,999.

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. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. In April 2024 median list price was $519,031 and the average listing age was 56 days.

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

More Resources