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Land with Home for Sale in Sarasota, Florida

1228 Wagon Wheel Dr, Sarasota, FL 34240

$1,775,000
5 acres
Active
$225k drop
Est $9,233/mo

One or more photo(s) has been virtually staged. Discover the Ultimate Sanctuary in Fox Creek II!

Tucked away on a private drive, this breathtaking 5-acre estate--one of the last remaining in Sarasota where you can build your dream home--offers endless opportunities. Whether you're looking for a private family compound, a horse lover's paradise, a premier event venue, or the perfect place to run your business from home, this property has it all. Enclosed by lush trees and a solid perimeter wall, this magnificent estate is a true private oasis. Enjoy the oversized outdoor pool, explore the serene boating pond with its enchanting water feature, or let the little ones play in their own private playground. The entertainment hall, complete with a full kitchen, is the perfect space for unforgettable gatherings with family and friends.

Currently an income-producing property, this estate has hosted private events, retreats, and gatherings, generating revenue as a sought-after venue. With endless possibilities, it can continue to serve as a profitable investment or be transformed into your dream residence.

Enjoy the perfect blend of rural serenity and modern convenience. In just 5 minutes, you can access the interstate, opening a world of possibilities. The vibrant University Town Center (UTC) area--home to over 250 stores, top-tier restaurants, and entertainment venues--is only 12 minutes away. UTC also features Nathan Benderson Park, a world-class destination for outdoor recreation and international rowing events. Just 20 minutes away, Downtown Sarasota invites you to explore its rich arts scene, waterfront parks, and award-winning dining and only 30 minutes to the award winning Siesta Key Beach.

This extraordinary 3-bedroom, 2-bathroom & space for optional 4th bedroom and 3rd bath with elevator estate isn't just a home--it's a private retreat where every day feels like a vacation. Whether you choose to enjoy its existing beauty, create the ultimate family compound, horse property, host spectacular events, or design and build your dream residence, the possibilities are truly endless.

Don't miss this rare opportunity--schedule your private showing today!

2,771
Sq feet
3
Beds
2
Full baths
1991
Built

Location

Street address
1228 Wagon Wheel Dr
Community
Fox Creek Acres
Elevation
30 feet
Coordinates
27.348, -82.4279

Directions

From I-75, take exit 210 and head east on Fruitville Road. Turn left onto Lakewood Ranch Blvd, then take the first exit at the roundabout to continue onto Lakewood Ranch Blvd. At the next roundabout, take the first exit onto Richardson Road. Turn left onto Wagon Wheel Drive, then take a right onto Territory Land. The home will be on the left.

Property details

Acreage
5.08 acres
Zoning
OUE
MLS #
MFRMLS A4640097
Posted

Property taxes

2024
$6,434

Parcels

  • 0212030001

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Attached Garage, Boat, Driveway, Garage, Golf Cart, Guest, Off Street, Oversized, RV, Workshop
Fencing
Fenced
Features
Fencing, Garden, Outdoor Grill, Pool, Sliding Doors

Structure

Heating
Central, Fireplace(s)
Cooling
Central Air
Materials
Block, Concrete, Stucco, Wood Siding
Roof
Shingle

Interior

Room Count
4
Rooms
Bathroom x 2, Bedroom x 3, Family Room, Kitchen, Living Room
Flooring
Tile
Features
Cathedral Ceiling(s), Ceiling Fans(s), Open Floorplan

Nearby schools

NameLevelDistrictDescription
Tatum Ridge ElementaryElementary
McIntosh MiddleMiddle
Booker HighHigh

Listing history

DateEventPriceChangeSource
Sept 22, 2025Price drop$1,775,000$225,000 -11.3%MFRMLS
Feb 13, 2025New listing$2,000,000MFRMLS
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This 5.08-acre property is located at 1228 Wagon Wheel Dr in Sarasota, FL 34240. The property is available for sale for $1,775,000. It has a 2,771 sq ft 3 bedroom, 2 bath house built in 1991.

Checked 11 mins ago — Updated

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