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  4. Exterior
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Listed by EXP REALTY LLC

Status: Active

505 Sally Lee Dr 
Ellenton, FL 34222

$699,000

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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.
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Bedrooms
2
Baths
2
House Size
1,392 sqft
Year Built
1992
Lot Size
0.32 ac

Location

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Interior Information

appliances
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Wine Refrigerator
cooling
Central Air
features
High Ceilings
Open Floorplan
Stone Counters
Vaulted Ceiling(s)
Walk-in Closet(s)
flooring
Ceramic Tile
Wood
heating
Central
Electric
laundry features
Inside
view
Canal
Water
window features
Skylight(s)

Exterior Information

features
Awning(s)
Lighting
Rain Gutters
Storage
Dock
pool
In Ground
Private
road surface
Asphalt
roof
Shingle

Property Information

construction
Frame
lot
Waterfront
parking
Circular Driveway
Driveway
sewer
Public Sewer
subdivision name
Ibis Isle
utilities
Cable Available
Electricity Available
Electricity Connected
Sewer Connected
Underground Utilities
Water Connected
water source
Public
  • Listed By Benjamin Whetstone
  • (888) 883-8509
  • EXP REALTY LLC
  • (888) 883-8509
  • a.shahin.broker@exprealty.net
  • MLS TB8433762

Monthly Payments Calculator

Estimated Monthly Cost

$4,465

30 year fixed·6.9% interest rate
Principal & Interest
$3,683
Property Taxes
$583
Home Insurance
$200
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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