$2,900,000
7146 Territory Lane Sarasota, FL 34240
For Sale MLS# A4635408
3,859 sq ft Multi-family
Details for 7146 Territory Lane
MLS# A4635408
Description for 7146 Territory Lane, Sarasota, FL, 34240
TWO SINGLE-FAMILY HOMES ON 5 ACRES WITH A MASSIVE BARN! INCOME PRODUCING POTENTIAL! NO RENTAL RESTRICTIONS. Welcome to the exclusive Fox Creek community, where this exceptional 5-acre family compound awaits you. Situated at the end of a peaceful cul-de-sac, this private 5-acre lot is fully fenced and features paddocks and pastures, all framed by the natural privacy of majestic oak trees and swaying palm trees. This remarkable property boasts three distinct structures: two single-family homes with an expansive barn/workshop/garage. Located in the highly sought-after Fox Creek Acres II neighborhood in Sarasota, this once-in-a-generation opportunity comes with no HOA or deed restrictions, offering unmatched versatility. Whether you dream of creating a family compound, equestrian estate, farm, or private retreat, 7146 Territory Lane is the perfect blank canvas. The MAIN RESIDENCE (HOUSE #1) offers over 3,000 total sq. ft., with 5 bedrooms, 3.5 baths, wood burning fireplace, 2 car garage, covered paver patio with a refreshing pool with a cabana bath. The details of the main home include an updated kitchen, baths, luxury vinyl, newer roof (2019), newer A/C, impact windows and garage door, new well and water system. The second home (HOUSE #2) is equally impressive and built-in 2003 with more than 2,000 total sq. ft, this open floor plan has 3 bedrooms and 2 bathrooms with two 2-car garages plus a separate area for RV hookup. As well as a nice large front porch and a covered screened-in back patio. As for the two-story barn, it has a newer roof (2023) and it offers over 4,000 total sq. ft. of versatile space, perfect for a workshop, a garage equipped with a car lift, or even a gym, as shown. The possibilities are endless. Set within the peaceful surroundings of Fox Creek Acres, this estate offers the privacy and serenity of rural living without sacrificing proximity to modern amenities. Convenience meets tranquility with this property’s prime location. Situated just under 5 minutes from the highway, you’ll enjoy seamless access to everything Sarasota has. The vibrant University Town Center (UTC) area is only 15 minutes away, offering over 250 stores, restaurants, and entertainment options. UTC is also home to Nathan Benderson Park, a hub for outdoor activities and international rowing events, making it a destination for shopping, recreation, and entertainment. Additionally, the property is just 30 minutes from the cultural and culinary delights of downtown Sarasota, where you’ll find theaters, galleries, waterfront parks, and award-winning restaurants.
Listing Information
Property Type: Residential, Triplex
Status: Active
Lot Size: 5 Acres
Square Feet: 3,859 sq ft
Year Built: 1975
Garage: Yes
Stories: 2 Story
Construction: Stucco
Subdivision: Fox Creek Acres Ii
Foundation: Stem Wall
Number Of Units Total: 2
County: Sarasota
School Information
Elementary: Tatum Ridge Elementary
Middle: Mcintosh Middle
High: Booker High
Additonal Room Information
Laundry: Laundry Room
Interior Features
Appliances: Range Hood, Washer, Refrigerator, Dishwasher, Disposal, Dryer, Microwave
Flooring: Luxury Vinyl
Additional Interior Features: Upper Level Primary, Separate/Formal Dining Room, Living/Dining Room, Separate/Formal Living Room
Utilities
Water: Well
Sewer: Septic Tank
Other Utilities: Cable Connected,Electricity Connected
Cooling: Central Air
Heating: Electric
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 6
Parking Description: Garage Door Opener, Garage, driveway, RV Access/Parking, Off Street, Golf Cart Garage, Guest, Garage Faces Side, Parking Pad, Workshop in Garage
Roof: Shingle
Pool: In Ground
Lot View: Pool,Trees/Woods,Water
Additional Exterior/Lot Features: Storage, Private, Cul-de-Sac, Private Road
Out Buildings: Garage Apartment, Shed(s), RV/Boat Storage, Storage, Barn(s), Guest House, Other
Community Features
Community Features: Sidewalks
Driving Directions
From I75 take exit 210 heading east on Fruitville Road. turn left onto Lakewood Ranch Blvd, take first roundabout exit onto Lakewood Ranch Blvd then first exit at roundabout onto Richardson Road. Turn left onto Wagon Wheel Drive then right onto Territory land. Home will be on the right.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 0212060005
Tax Amount: 9163.54
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 01/11/2025 02.25 PM | $2,900,000 |
A broker reciprocity listing courtesy: COLDWELL BANKER REALTY
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 7146 Territory Lane
Sales History
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|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 7146 Territory Lane
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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