7720 TUTTLE AVENUE, Sarasota, FL, 34243 | $1,500,000

Under contract-accepting backup offers. Offered for development, this nearly square 2. 311-acre corner parcel presents a rare opportunity for both analytical investors seeking strong fundamentals and visionary developers looking for high-impact visibility in a central, high-demand corridor. Strategically located just 3 miles from the airport, 5 miles to I-75, and approximately 5 miles to downtown Sarasota, the property benefits from exceptional regional connectivity, efficient commute patterns, and proximity to major employment, medical, and lifestyle centers that consistently drive housing and commercial demand. Positioned at a signalized, multi-lane intersection on Tuttle Avenue, the site enjoys excellent frontage, clear sightlines, and favorable traffic exposure. All critical elements for retail, office, medical, or service-oriented users, while also offering practical ingress and egress for residential traffic if developed for single-family homes, townhomes, or multifamily units (all subject to zoning and entitlement approvals). The parcel's size, shape, and corner configuration support efficient site design, parking layout, and circulation planning, helping maximize buildable area and operational functionality, while the surrounding roadway infrastructure supports steady daily traffic volumes that strengthen both residential convenience and commercial viability. From an analytical perspective, the location within an established growth corridor aligns with broader Sarasota/Manatee regional economic development strategies that prioritize well-planned infill, mixed-use potential, and employment-adjacent housing, contributing to long-term stability and absorption. From a driver's standpoint, the property delivers what matters most: visibility, access, flexibility, and momentum, all key ingredients for projects that must perform quickly in these competitive markets. Nearby major roads and arterials provide seamless access to beaches, downtown, healthcare, education, and retail hubs, enhancing lifestyle appeal for residents and traffic for businesses. Zoning and specific development pathways are to be determined per your proposed use, allowing a buyer to tailor the entitlement strategy to current market conditions, whether targeting residential density, hybrid concepts, or limited ancillary commercial. With strong locational metrics, adaptable development options, and alignment with continued regional growth trends, this parcel offers a compelling blend of practicality, performance potential, and future-forward positioning for developers, investors, and owner-users seeking a strategically placed site in one of Southwest Florida's most consistently active markets.

Features

  • Lot Size: 300 x 260
  • Lot Desc: Cleared, Corner Lot, Level
  • Elem. School: Kinnan Elementary
  • Middle School: Braden River Middle
  • High School: Southeast High
  • MLS#: TB8369041
  • Days on Market: 399 days
  • Website: https://www.raveis.com
    /prop/TB8369041/7720tuttleavenue_sarasota_fl?source=qrflyer
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 6/3/2026 12:33:16 AM)
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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7720 TUTTLE AVENUE, Sarasota, FL, 34243

$1,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

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 $1,200,000 $1,200,000 $1,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.235% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,098 $7,291 $10,126
Total Monthly Payment $7,223 $7,416 $10,251

* 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.