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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.
Property Details
Price: $699,000
Sq Ft: 1,392
($502 per sqft)
Bedrooms: 2
Bathrooms: 2
City: Ellenton
County: Manatee
Type: Single Family Reside
Development: Ibis Isle
Acres: 0.32
Virtual Tour/Floorplan:
View
Year Built: 1992
Listing Number: TB8433762
Status Code: A-Active
Taxes: $7.00
Tax Year: 2024
Interior Features:
Ceiling Fans(s)
High Ceilings
Open Floorplan
Primary Bedroom Main Floor
Stone Counters
Thermostat
Vaulted Ceiling(s)
Walk-In Closet(s)
Window Treatments
Financial Information:
Taxes: $7.00
Tax Year: 2024
Exterior Features:
Awning(s)
Lighting
Rain Gutters
Sliding Doors
Sprinkler Metered
Storage
Equipment:
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Wine Refrigerator
Waterfront Description:
Canal - Saltwater
School Information:
Elementary School: James Tillman Elementary
Middle School: Lincoln Middle
Junior High: Lincoln Middle
High School: Palmetto High
Additional Information:
MLS Area: 34222 - Ellenton
Price per Square Feet: $502.16
Total Floors: 1
Water: Public
Construction: Frame
Date Listed: 2025-10-02 15:38:44
Pool: Yes
Pool Type: In Ground
Private Spa: No
Windows: Skylight(S)
Parking: Circular Driveway, Driveway
Flooring: Ceramic Tile, Wood
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Sewer: Public Sewer
Map of 505 Sally Lee Drive, Ellenton, FL 34222
Listing Courtesy Of: Exp Realty Llc
ben@southshoreteam.com