Once an orange grove, Cedar Hollow was originally developed as a residential community in 1984. More than twenty years later, it continues to offer affordable homes on large parcels of land for growing families to spread out. Conveniently located near schools, restaurants and shopping, the neighborhood welcomes families and fosters a true sense of community among its residents. ... more.Cedar Hollow is a Sarasota deed-restricted community made up of 225 homes that was developed in three different phases. The general style of homes is predominantly ‘’Florida rancher’’, though a number of properties have been recently updated with accents contemporary design.