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EXCEPTIONAL WATERFRONT LIVING WITH 250 FEET OF WATER FRONTAGE AND DIRECT ACCESS TO THE MANATEE RIVER! Welcome to a truly distinctive Key West-style waterfront retreat, tucked away on the exclusive enclave of Ibis Island in Ellenton, a small collection of custom executive waterfront homes. Situated on an oversized, peninsula-like lot with tranquil saltwater canal frontage wrapping around two sides of the property, this extraordinary residence offers the perfect combination of coastal elegance, exceptional construction, boating access, and an entertainer's dream lifestyle.
Built with durability and peace of mind at the forefront, this elevated residence features insulated concrete form (ICF) construction/power wall, metal framing, a long lasting metal roof, and construction engineered to withstand winds of up to 200 mph. The elevated design also contributes to remarkably affordable flood insurance at only 1,350$ per year, an increasingly valuable advantage for Florida waterfront living.
The main living level encompasses over 2,000 square feet of a beautifully maintained, ride of ownership updated living space, featuring 3 true bedrooms plus a separate generously sized den or home office that easily rivals a fourth bedroom. Coastal-inspired luxury vinyl plank flooring flows throughout the coastal motif main living areas, complementing the home's bright, airy atmosphere. The open kitchen features bart top seating, serving island, sand swirl granite countertops, stainless steel appliances, ample cabinetry, and an inviting layout ideal for everyday living and entertaining. Guest bedroom and office/den enjoy private balcony access, while the expansive primary suite offers a peaceful retreat complete with dual vanities, a soaking tub, separate walk-in shower, and generous closet space.
Step outside onto the rear balcony and take in the peaceful waterfront surroundings before descending the charming spiral staircase to your own private tropical oasis. A spectacular two-story screened lanai encloses the solar-heated saltwater pool, outdoor kitchen, and generous entertaining areas, creating the perfect setting for year-round Florida living.
BUT WHAT TRULY SETS THIS PROPERTY APART IS THE INCREDIBLE GROUND-LEVEL SPACE! Behind two oversized tandem garage bays lies an expansive, versatile area with room to accommodate up to four vehicles, a boat, golf cart, recreational equipment, and all your favorite Florida toys. Beyond the garage, discover a climate-controlled bonus and recreation area with a mini-split A/C system, dedicated workshop, and sliding glass doors opening directly to the pool and lanai. Currently arranged as a pool lounge & bar, and comfortable entertaining space, this incredible level offers flexibility rarely found in waterfront properties or any Florida properties for that matter. It's a Florida BASEMENT!
Additional highlights include newly installed A/C systems, new solar panels, updated interior paint and flooring, a dedicated laundry room, RV parking pad, lawn irrigation and meticulous upkeep throughout. Every aspect of this home reflects pride of ownership and thoughtful design. Call and schedule your private showing today!
Property Details
Price: $795,000
Sq Ft: 2,008
($396 per
sqft)
Bedrooms: 3
Bathrooms: 2
City: Ellenton
County: Manatee
Type: Single Family
Development: Ibis Isle
Acres: 0.3000
Virtual Tour/Floorplan:
View
Year Built: 2000
Listing Number: A4712073
Status Code: A-Active
Taxes: $5,843.82
Tax Year: 2025
Garage:
4
/
Y
Furnishings: Unfurnished
Pets Allowed: Cats OK, Dogs OK
Interior Features:
Cathedral Ceiling(s)
Ceiling Fans(s)
Central Vaccum
High Ceilings
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Upstairs
Solid Surface Counters
Split Bedroom
Stone Counters
Thermostat
Financial Information:
Taxes: $5,843.82
Tax Year: 2025
Exterior Features:
Dog Run
Outdoor Kitchen
Outdoor Shower
Private Yard
Rain Gutters
Storage
Equipment:
Dishwasher
Dryer
Microwave
Range
Washer
View:
Water
Waterfront Description:
Canal - Saltwater
Canal Front
Deck
Ibis Isle
View: Canal
Additional Information:
Building Description: Elevated, Key West
MLS Area: 34222 - Ellenton
Total Square Footage: 4,812
Price per Square Feet: $395.92
Total Floors: 2
Water: Public
Construction: Icfs (Insulated Concrete Forms)
Date Listed: 2026-11-06 00:00:00
Pool: Y
Pool Description: In Ground, Gunite, Heated, Salt Water, Screen Enclosure, Solar Heat
Furnished: Unfurnished
Parking: Golf Cart Parking, Oversized, Tandem, Workshop In Garage
Garage Description: Y
Garage Spaces: 4
Attached Garage: Y
Flooring: Carpet, Luxury Vinyl
Roof: Metal
Heating: Central
Cooling: Central Air
Security: Security System
Laundry: Inside, Laundry Room
Pets: Cats Ok, Dogs Ok
Sewer: Public Sewer
Lot Desc.: Cul-De-Sac, Flood Insurance Required, In County, Paved
Parcel ID: 1036600102
Map of 501 Sally Lee Drive, Ellenton, FL 34222
Listing Courtesy Of: Fine Properties
jpatoray24@aol.com