East Sarasota parcel sells for $132,500 per acre
In a rare handshake deal, Indiana investor J.Z. Morris sold 20 acres east of Interstate 75 for $2.65 million.
That comes to $132,500 per acre, a record price for residential land in that part of Sarasota County.
“It went on the market in April 2004,” said David Bartolotti, a real estate agent with Century 21 Advantage who represented Morris. “We had a couple of offers, but no one thought we’d get more than $100,000 per acre.”