Projects
Wheel Base
Project facts
- Status
- Completed
- Address
- 1600 Sarasota Center Blvd
- City
- Sarasota, Florida
- Region
- Southwest Florida
- Submarket
- Sarasota; Bradenton
- Units
- 46
- Amenity tier
- Premium
- Key amenities
- Owners' Clubhouse/Lounge, 18'+ Clear Heights, Climate Control, Fire Sprinklers, Gated Access & Security, Wash Bays & RV Stations, 24/7 Owner Access
- Construction
- Block
- Finish level
- High-Quality
- Year built
- 2020
- Flood zone
- X
Market value summary
- # of Sales (T-36)
- 15
- Avg Sale Price (T-36)
- $361 / SF
- Avg Sale Price (T-36)
- $325,000
- Avg Market Value
- $405 / SF
- Avg Market Value
- $445,000
Location Summary
Sarasota / Sarasota; Bradenton Overview
Wheel Base sits at 1600 Sarasota Center Boulevard, inside the Sarasota Center commerce park on the east side of Interstate 75, reached from Fruitville Road about 1.5 miles to the south and less than 2 miles from the Exit 210 interchange. This is a distinctly different pocket from the retail heavy University Parkway district to the north. Fruitville Road east of the interstate is Sarasota's working eastern gateway, where flex commerce space, county drainage land and the leading edge of eastern county residential growth meet. The Celery Fields, the restored wetland basin that doubles as the area's best known birding destination and home of the Sarasota Audubon Nature Center at 999 Center Road, lie about 2 miles southwest. For a 46 suite premium tier community the result is a quiet, low traffic setting without retail spillover, interstate access in under five minutes, and a straight run west on Fruitville Road to downtown Sarasota, St. Armands and the barrier island beaches.
The surrounding wealth is deep and concentrated. Median home value inside 3 miles reaches $665,224, while median household income within 5 miles is $104,697, with 31.0 percent of five mile households above $150,000 and 17.0 percent keeping three or more vehicles. Nearly half the five mile population is 55 or older and 8.6 percent of housing units are seasonal, describing established, asset heavy households rather than young high earners. Corridor level platform data agrees: Sarasota; Bradenton posted a 20.5 percent one year gain in price per square foot against a $385 trailing twelve month median, the strongest appreciation of any Southwest Florida submarket, and carries the region's highest wealth percentile at 69.6.
Macro context is inherited and brief: Florida led every state in net inbound income migration, gaining roughly $20.6 billion in adjusted gross income in the latest IRS filing year, and levies no individual income tax, which is why eastern Sarasota County keeps absorbing high income households faster than it can entitle housing for them.
Current Events & Infrastructure
- Interstate 75 at Fruitville Road interchange reconstruction (FDOT FPID 420613-2): The Florida Department of Transportation is investing $177.4 million to replace the partial cloverleaf at Exit 210 with a Diverging Diamond Interchange, widen roughly 2 miles of I-75 to six lanes, reconstruct the I-75 bridges and rebuild Fruitville Road from Honore Avenue to east of Coburn Road with buffered bike lanes, sidewalks, new signals and lighting, and a northbound noise wall. Construction began in early 2025 and is estimated to finish in early 2029. This is by far the largest public investment touching the site's own access: every owner trip between Wheel Base and the interstate runs through this interchange, and the completed diverging diamond removes the weaving and queuing that define the Fruitville ramps today.
Key Demand Drivers
The households filling eastern Sarasota County are buying new construction on efficient lots inside amenity governed communities, where garages are sized for two daily drivers and covenants restrict trailers, coaches and project cars. Every driver below adds owners who have vehicles and nowhere appropriate to keep them, and none supplies competing product.
- EverCreek by PulteGroup: Pulte closed on nearly 500 acres in southeastern Lakewood Ranch off Bourneside Boulevard, about 1.5 miles north of Fruitville Road and roughly 4 to 5 miles east of this site, for a 1,000 home community of 850 single family homes and 150 townhomes anchored by an 8 acre lakefront amenity campus. It is the largest new source of affluent households on the site's own arterial.
- Fruitville Road residential pipeline: A 352 unit project at 8893 Fruitville Road, about 2 miles southeast, is one of seven Live Local applications the county acted on in April 2026, and sponsors filed more than 2,300 additional units countywide ahead of the July 1, 2026 deadline, including 864 units from D.R. Horton and 708 from WCI Communities. The volume documents how much household formation is queued along this stretch.
- Sarasota County hyperscale data center moratorium: On July 9, 2026 commissioners adopted a one year moratorium on reviewing hyperscale data centers of 50 megawatts or larger, triggered by XF Group's inquiry about a site on the Cattlemen Road corridor roughly 2 miles west. The action holds the immediate commerce corridor at low intensity and protects the quiet character that makes this address work.
- Sarasota Classic Car Museum: About 9 miles northwest at 5500 N. Tamiami Trail, roughly 20 minutes by way of Fruitville Road and US 41, the museum displays more than 75 automobiles and is recognized as the second oldest continuously operating antique car museum in the nation.
Location Highlights
- MSA Position: North Port to Sarasota to Bradenton, at roughly 948,158 residents, is Southwest Florida's largest metropolitan area, and this address sits on its eastern growth front at Exit 210.
- Enthusiast / Collector Culture: The Sarasota Classic Car Museum, more than 75 automobiles and the nation's second oldest continuously operating antique car museum, is about 9 miles northwest.
- Infrastructure & Recreation: The Celery Fields and Sarasota Audubon Nature Center at 999 Center Road lie about 2 miles southwest, while a $177.4 million FDOT rebuild of the site's own interchange runs through early 2029.
- Market-Specific Factor: State backed Citizens filed an 8.7 percent average statewide rate decrease in early 2026, and owners leaving the post hurricane insurance cycle now favor engineered, enclosed, inland structures.
- Tax & Quality of Life: No state individual income tax, and Florida led the nation with roughly $20.6 billion in net adjusted gross income migration in the latest IRS filing year.
- High Net Worth Concentration: 1,577 households earning $200,000 or more inside 3 miles, 5,791 inside 5 miles and 10,483 inside 7 miles, against a 3 mile median home value of $665,224.
Area Demographics (ACS 2024)
5-Mile Profile: Population 69,848 | Median HH Income $104,697 | HH Earning $150K+ 31.0% | Median Age 52.3 | Age 55+ 47.4% | Seasonal Units 8.6% | Households with 3+ Vehicles 17.0%
Wealth Index: 7.6 / 10 (SCK portfolio-relative)
Unit values
| Unit | Size | Market value | $ / SF |
|---|---|---|---|
| Unit 1 | 1,377 SF | $529,000 | $384 / SF |
| Unit 2 | 972 SF | $404,000 | $416 / SF |
| Unit 3 | 972 SF | $404,000 | $416 / SF |
| Unit 4 | 672 SF | $295,000 | $439 / SF |
| Unit 5 | 672 SF | $295,000 | $439 / SF |
| Unit 6 | 973 SF | $405,000 | $416 / SF |
| Unit 7 | 972 SF | $404,000 | $416 / SF |
| Unit 8 | 672 SF | $295,000 | $439 / SF |
| Unit 9 | 672 SF | $295,000 | $439 / SF |
| Unit 10 | 972 SF | $404,000 | $416 / SF |
| Unit 11 | 972 SF | $404,000 | $416 / SF |
| Unit 12 | 674 SF | $295,000 | $438 / SF |
| Unit 13 | 672 SF | $295,000 | $439 / SF |
| Unit 14 | 972 SF | $404,000 | $416 / SF |
| Unit 15 | 973 SF | $405,000 | $416 / SF |
| Unit 16 | 973 SF | $405,000 | $416 / SF |
| Unit 17 | 973 SF | $405,000 | $416 / SF |
| Unit 18 | 1,715 SF | $618,000 | $361 / SF |
| Unit 19 | 1,710 SF | $617,000 | $361 / SF |
| Unit 20 | 975 SF | $405,000 | $416 / SF |
| Unit 21 | 972 SF | $404,000 | $416 / SF |
| Unit 22 | 972 SF | $404,000 | $416 / SF |
| Unit 23 | 674 SF | $295,000 | $438 / SF |
| Unit 24 | 674 SF | $295,000 | $438 / SF |
| Unit 25 | 887 SF | $374,000 | $422 / SF |
| Unit 26 | 672 SF | $295,000 | $439 / SF |
| Unit 27 | 972 SF | $404,000 | $416 / SF |
| Unit 28 | 1,703 SF | $615,000 | $361 / SF |
| Unit 29 | 1,212 SF | $483,000 | $399 / SF |
| Unit 30 | 832 SF | $354,000 | $426 / SF |
| Unit 31 | 1,212 SF | $481,000 | $397 / SF |
| Unit 32 | 1,700 SF | $614,000 | $361 / SF |
| Unit 33 | 1,703 SF | $615,000 | $361 / SF |
| Unit 34 | 1,212 SF | $481,000 | $397 / SF |
| Unit 35 | 832 SF | $354,000 | $426 / SF |
| Unit 36 | 1,212 SF | $481,000 | $397 / SF |
| Unit 37 | 1,700 SF | $614,000 | $361 / SF |
| Unit 38 | 1,457 SF | $553,000 | $380 / SF |
| Unit 39 | 1,987 SF | $684,000 | $344 / SF |
| Unit 40 | 1,454 SF | $552,000 | $380 / SF |
| Unit 41 | 987 SF | $406,000 | $412 / SF |
| Unit 42 | 2,480 SF | $824,000 | $332 / SF |
| Unit 43 | 1,421 SF | $543,000 | $382 / SF |
| Unit 44 | 962 SF | $401,000 | $417 / SF |
| Unit 45 | 962 SF | $401,000 | $417 / SF |
| Unit 46 | 1,449 SF | $551,000 | $380 / SF |