Listing Details for MLS # TB8433762
505 Sally Lee Drive, Ellenton, Fl 34222

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    Residential Property - Single Family Residence in Ellenton

    Listing Price: $649,900Days on Market: 73Cumulative Days on Market: 316

    Description of Property

    ***GREAT NEW PRICE*** Live in it, use it as a vacation rental or both! This Key West-style waterfront home in Ibis Isle in Ellenton offers a rare blend of coastal charm and modern updates. Perched on stilts with 83 feet of saltwater canal frontage, the property provides direct access to the Manatee River and sits less than 10 miles from the Gulf Coast. The open floor plan is flooded with natural light from skylights, hurricane-resistant windows, and sliding doors, creating a bright and airy ambiance throughout over 1,390 square feet. The kitchen features stone counters and a wine refrigerator, while the primary suite opens to walk-in closets. Step outside to your private pool (installed 2016) surrounded by paver driveway and lush landscaping, or relax on the expansive wrap-around porch (rebuilt 2018). The concrete dock is equipped with electric, water supply, and a fish cleaning station—perfect for fishing enthusiasts. Recent updates include a new roof, insulation, and pool pump (2024), plus new AC and water heater (2020). With no HOA fees or deed restrictions, this third-acre property offers freedom, flexibility, and endless opportunities for waterfront living.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $548,725. This single family residence is listed at about 118% of the average asking price. There are 4 2 bedroom/2 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »

     

    Property Details At A Glance

    Property Type: Residential
    Property Use or Sub Type: Single Family Residence
    City: Ellenton
    County: Manatee
    Subdivision: Ibis Isle
    Bedrooms: 2
    Bathrooms: 2
    Sq. Ft. Gross: 2,684
    Sq. Ft. Living Area: 1,392
    Cost per (heated) sqare foot: $467
    Year built: 1992
    Annual Tax: $7,212

    Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

    Interior Features: Window Treatments
    Appliances: Wine Refrigerator

    Flooring: Hardwood

    Laundry Features: Inside

    Schools

    Elementary School: James Tillman Elementary
    Middle/Junior High School: Lincoln Middle
    High School: Palmetto High

    Pool & Waterfront Info

    Private Pool: Yes
    Pool Features: In Ground
    Water Front: Yes
    Water Frontage: Canal - Saltwater
    Water Access: Yes
    Water Access Type: Canal - Saltwater

    Water Extras: Fishing Pier

    Exterior & Construction

    Construction: Wood Frame
    Foundation: Stilt/On Piling
    Roof: Shingle
    Exterior Features: Storage
    Parking Features: Driveway
    Floors Total: 1
    Floors in Unit: One
    Cooling: Central Air
    Heating & Fuel: Electric
    Electric:
    Patio & Porch Features:
    Security Features:
    Other Structures:
    View:
    Fencing:

    Utilities: Water Connected
    Sewer: Public Sewer
    Water Source: Public

    Lot Information

    Lot Size (acres): 0.32
    Lot Size (sq. ft.): 13,809 square feet
    Front Exposure: East

    Legal Description & Other Information

    Parcel Number: 1036600151
    Zoning: RSF4.5/C
    Tax Legal Desc.: LOT 2 IBIS ISLE SUB PI#10366.0015/1
    Section: 18
    Range: 18E

    Map

     

    Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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        Main Office: 21202 Olean Blvd Unit C-3, Port Charlotte, FL 33952
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        https://www.sctre.com/details?MLNum=TB8433762