
$795,000
501 Sally Lee DriveEllenton, FL 34222
Listing updated: November 7, 2026 at 6:51 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Garage spaces
Flood zone
About this home
EXCEPTIONAL WATERFRONT LIVING WITH 250 FEET OF WATER FRONTAGE AND DIRECT ACCESS TO THE MANATEE RIVER! Welcome to a truly distinctive Key West-style waterfront retreat, tucked away on the exclusive enclave of Ibis Island in Ellenton, a small collection of custom executive waterfront homes. Situated on an oversized, peninsula-like lot with tranquil saltwater canal frontage wrapping around two sides of the property, this extraordinary residence offers the perfect combination of coastal elegance, exceptional construction, boating access, and an entertainer's dream lifestyle. Built with durability and peace of mind at the forefront, this elevated residence features insulated concrete form (ICF) construction/power wall, metal framing, a long lasting metal roof, and construction engineered to withstand winds of up to 200 mph. The elevated design also contributes to remarkably affordable flood insurance at only 1,350$ 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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveNov 6, 2026
- Listed$795,000Nov 6, 2026
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 1
- Subdivision
- Ibis Isle
- County
- Manatee
- Year built
- 2000
- Living area
- 2,008 sq ft
- Price/sq ft
- $396
- Building area
- 4,812 sq ft (Public Records)
- Lot size
- 12,894 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12081C0168F)
- Garage
- 4 spaces
- Pool
- Private pool
- Annual taxes
- $5,844 (2025)
- Parcel #
- 1036600102
- Zoning
- RSF4.5/C
- MLS #
- A4712073
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Carpet, Luxury Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Range, Washer
- Interior features
- Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat
- Laundry
- Inside, Laundry Room
- Stories / Levels
- Two
- Direction faces
- East
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 4
- Attached garage
- Yes
- Parking features
- Golf Cart Parking, Oversized, Tandem, Workshop in Garage
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Confirm minimum with Manatee County
Exterior & Construction
- Exterior features
- Dog Run, Outdoor Kitchen, Outdoor Shower, Private Yard, Rain Gutters, Storage
- Construction materials
- ICFs (Insulated Concrete Forms)
- Roof
- Metal
- Foundation
- Concrete Perimeter, Pillar/Post/Pier, Slab
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Public
Community
- Pets allowed
- Cats OK, Dogs OK
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Second | |
| Great Room | Second | |
| Primary Bedroom | Second | |
| Laundry | Second | |
| Great Room | Second |
Listing Details
- Listing date
- 2026-11-06
- On market date
- 2026-11-06
- Original list price
- $795,000
- Occupant type
- Owner
- MLS area
- 34222 - Ellenton
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-11-06
- Tax legal description
- LOT 1 IBIS ISLE SUB PI#10366.0010/2
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From 75 Exit 224 Head South/West Left on Sally Lee, Follow to the island. House on Right.
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