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$795,000
Monthly Est:$3,957
3 Beds
- 2 Baths
2 full baths
2,008sqft
501 Sally Lee Dr, Ellenton, FL 34222
$795,000
$3,957/moEst:
Get Pre-Approved
Single Family Residence
Built in 2000
$-- HOA
12,894 sqft lot
$396/sq.ft
Description
EXCEPTIONAL WATERFRONT LIVING WITH 250 FEET OF WATER FRONTAGE AND DIRECT ACCESS TO THE MANATEE RIVER! Welcome to a truly distinctive Key West-style waterfront retreat, tucked away on the exclusive enclave of Ibis Island in Ellenton, a small collection of custom executive waterfront homes. Situated on an oversized, peninsula-like lot with tranquil saltwater canal frontage wrapping around two sides of the property, this extraordinary residence offers the perfect combination of coastal elegance, exceptional construction, boating access, and an entertainer's dream lifestyle.
Built with durability and peace of mind at the forefront, this elevated residence features insulated concrete form (ICF) construction/power wall, metal framing, a long lasting metal roof, and construction engineered to withstand winds of up to 200 mph. The elevated design also contributes to remarkably affordable flood insurance at only 1,350$ 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!
- Houzeo last checked: 1 minute ago
- Listing updated: November 6, 2026 at 11:37 pm
- Listing Provided by: Joseph Patoray, LLC (941) 448-8971 | FINE PROPERTIES (941) 782-0000
- Source: Stellar MLS-FL as distributed by MLS GRID | MLS#: A4712073

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
2
County
City
Neighborhood
--
Year Built
2000
HOA Fees
-
Finished Area
2,008 sqft
Lot Size
12,894 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
A4712073
MLS Status
Active
Days on Market
1

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Kitchen
Level: Second
Great Room
Level: Second
Primary Bedroom
Level: Second
Laundry
Level: Second
Great Room
Level: Second
Interior
Sewer
Public Sewer
Cooling
Central Air
Flooring
Carpet, Luxury Vinyl
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
Exterior Features
Dog Run, Outdoor Kitchen, Outdoor Shower, Private Yard, Rain Gutters, Storage
Heating
Central
Appliances
Dishwasher, Dryer, Microwave, Range, Washer
Construction
Year Built
Year Built: 2000
Home type
Single Family Residence
Roof
Metal
Foundation Details
Concrete Perimeter, Pillar/post/pier, Slab
Property Condition
Completed
Construction Materials
Ic Fs (insulated Concrete Forms)
Architectural Style
Elevated, Key West
Utilities & Energy
Utilities
Cable Available, Public
Parking Features
Golf Cart Parking, Oversized, Tandem, Workshop In Garage
Security Features
Security System
Pool Features
In Ground, Gunite, Heated, Salt Water, Screen Enclosure, Solar Heat
Laundry Features
Inside, Laundry Room
Water Source
Public
Other Features
Subdivision Name
Ibis Isle
Patio And Porch Features
Covered, Enclosed, Patio, Rear Porch
Lot Features
Cul De Sac, Flood Insurance Required, In County, Paved
Price History
| Date | Event | Price |
|---|---|---|
11/06/2026 Source: | Listed for Sale | $795,000 +26400.00% $396/sqft |
04/28/2017 Source: | Price Increased | $3,000 +1.69% $1/sqft |
06/09/2016 Source: | Price Decreased | $2,950 -99.37% $1/sqft |
04/11/2016 Source: | Price Decreased | $465,000 -2.92% $232/sqft |
04/11/2016 Source: | Sold | $479,000 $239/sqft |
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Based on information from Stellar MLS® through Nov 07, 2026, 10:00AM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
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