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

Residential Property - Single Family Residence in Ellenton

Listing Price: $675,000Days on Market: 45Cumulative Days on Market: 288

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 $541,667. This single family residence is listed at about 125% of the average asking price. This is the only 2 bedroom/2 bath single family residence between $600,000 and $750,000 currently listed for sale in this Zip code.