Under contract-accepting backup offers. A hidden gem in the middle of town, with a private mother in-law suite! Welcome to 326 E. Lake Drive, in the picturesque community of Sherwood Estates. Discover the ultimate in comfort and privacy with this spacious, four-bedroom, three-bath lakefront home, ideally designed for multi-generational living. You’ll have peace of mind knowing this home has undergone several updates, some of which includes a new roof, hurricane-impact windows and doors throughout, a whole-house Generac generator, 500-gallon buried propane tank, resurfaced 8ft deep pool, newer septic tank AND newer drain field, newer water heater, a water softener system, updated full property irrigation, an expanded pool cage and a 160-foot deep well. Boasting the best unobstructed lake views in the neighborhood, this home offers the rare opportunity for those looking for more space both inside and outside, all while on almost half an acre of your private paradise. As you walk through the front door, you’re instantly welcomed by a spacious open floor plan, providing an abundance of natural-light and views of the pool and lake. The recently renovated eat-in kitchen has been updated with quartz countertops, stainless steel appliances, a gorgeous oversized glass tile backsplash and a host of cabinetry storage. The popular split floor plan is highlighted by an expansive addition added onto one side of the home. The addition features a multi-use bonus room, a gorgeous primary bedroom with vaulted ceilings and a large walk-in closet with custom built-ins. The spacious and elegant en-suite bath boasts a separate soaking tub, elegant Italian-tiled shower, double vanities and linen closet for added storage. Through the primary bedroom is also a private dedicated office featuring beautiful maple built-in shelving as well as its entrance outside to the backyard. The entirety of the addition has also been equipped with hurricane-impact windows and sliders which offer expansive water views as well as direct lanai access. Perfect for multi-generational living or guest accommodations, this property also includes a second addition to the original floor plan. The recently constructed one-bedroom, one-bath mother in-law suite will make you feel like you're on a on a tropical vacation, with views of palm trees and the picturesque backyard. The in-law suite has its private entrance, a spacious walk-in closet, sitting room and kitchenette, with convenient ability to adjust the layout to fit your lifestyle. From there, step outside onto the expansive screened-in lanai, featuring recently installed brick pavers, a wet bar as well as a recently expanded section, equipped with an outdoor shower. Prepare to be wowed by not only the impressive size of the pool, but also by the stunning view of the entire lake. Enjoy swimming a few laps or watching the sun set across the water, while surrounded by the privacy of tropical plants and mature fruit trees including mango and avocado. This property is the dream of indoor and outdoor living. Sherwood Estates has no HOA fees and is centrally among a variety of shopping, restaurants and is less than three miles from Interstate 75, and less than four miles to downtown Sarasota. Homes in this neighborhood rarely come up for sale, so don’t miss out on this unparalleled lakefront lifestyle.