About 505 Sally Lee Drive
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.
Features of 505 Sally Lee Drive
| MLS® # | TB8433762 |
|---|---|
| Price | $699,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,392 |
| Acres | 0.32 |
| Year Built | 1992 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 505 Sally Lee Drive |
|---|---|
| Area | Ellenton |
| Subdivision | IBIS ISLE |
| City | ELLENTON |
| County | Manatee |
| State | FL |
| Zip Code | 34222-2048 |
Amenities
| Parking | Circular Driveway, Driveway |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Canal - Saltwater |
| Has Pool | Yes |
Interior
| Interior Features | Ceiling Fan(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Awning(s), Irrigation System, Lighting, Rain Gutters, Sliding Doors, Sprinkler Metered, Storage |
|---|---|
| Roof | Shingle |
| Foundation | Stilt/On Piling |
School Information
| Elementary | James Tillman Elementary |
|---|---|
| Middle | Lincoln Middle |
| High | Palmetto High |
Additional Information
| Date Listed | October 2nd, 2025 |
|---|---|
| Days on Market | 13 |
| Zoning | RSF4.5/C |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | EXP REALTY LLC |
|---|