8751 FRUITVILLE ROAD, Sarasota, FL, 34240 | $3,500,000

11 +/- acres for sale! This is a RARE OPPORTUNITY to acquire versatile land in the heart of Sarasota just South of Lakewood Ranch and the rapidly developing communities of Waterside Place. This property sits adjacent to Faith Baptist Church on Fruitville road, just east of the Fruitville initiative. As Sarasota continues to develop Eastward, this property stands to be a valuable centerpiece in the community. The infrastructure and utilities are already in place for anything that would be approved under a Special Exception, or a rezone and the owner has started the process for Special Exception in order to fast track approvals for the buyer. The “OUR” zoning provides many opportunities and use cases for the use of the property. See the attachments for a comprehensive list of uses which could be approved under a “Special Exception. ” The way this property is offered allows entitlements to be calculated using the whole 22+/- acres of the entire parcel and the Seller will allow use of some of the 600 parking spaces and perhaps some of the facilities of the existing campus. Owner financing is a possibility for an approved use as long as the use is compatible with the church. The owners would also consider a long-term lease or a lease-purchase.


  • Lot Size: 520X624
  • Lot Desc: Cleared, Compact Soil, Filled, In County, Level, Out Parcel, Sidewalk, Street Lights, Zoned for Horses
  • Elem. School: Tatum Ridge Elementary
  • Middle School: McIntosh Middle
  • High School: Sarasota High
  • MLS#: A4553122
  • Days on Market: 285 days
  • Website: https://www.raveis.com
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/6/2023 6:52:12 PM)
Listing courtesy of KELLER WILLIAMS ON THE WATER S   Phone: 941-803-7522

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NMLS Mortgage Loan Originator ID 16953



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8751 FRUITVILLE ROAD, Sarasota, FL, 34240


Customer Service

William Raveis Real Estate

Phone: 888.699.8876


Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300


NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,800,000 $2,800,000 $2,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.250% 7.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.380% 7.459%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,101 $19,101 $25,560
Total Monthly Payment $19,226 $19,226 $25,685

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.