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701 Cohen Way

SARASOTA, FL 34236
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SqFt13,350

Sqft(Lot)

Acres0.31

Acre(Lot)

Permit-ready opportunity in Sarasota’s red-hot Rosemary District. A rare chance to build lifestyle-driven homes in one of Sarasota’s fastest-growing urban neighborhoods. This shovel-ready project is designed for buyers who want modern design, abundant outdoor living, and walkability—all the essentials for today’s millennial and empty nester markets. Project highlights include: a permit-ready space, construction can begin in just 60 days. Potential for six three-story townhomes, each with four bedrooms, three full baths, two half baths, as well as private pools and guest houses—luxury features that set this community apart. Multiple terraces, patios, and outdoor kitchens will provide expansive outdoor living space. Private two-car garages for every residence. Large residences at over 2,800 square feet. Priced from $2,693,000 with light, bright contemporary architecture and impact glass up to the latest hurricane standards. The projected sales volume is over $16,000,000, with a projected profit potential of $4,426,000 (Pro Forma available). An advantageous location, the project is just steps from The Bay Sarasota, a 53-acre waterfront park, two blocks from Sarasota School of Arts and Sciences (SSAS), is surrounded by 65 restaurants within six blocks, and sits just minutes to downtown shopping, theaters, arts districts and St. Armands/Lido Beach. Located in Flood Zone X, a safer, elevated land designation. Adding to the sought-after location is the stunning urban design across 7th Street. The award-winning Sarasota and Rosemary District architect, Halflants & Pichette, has designed a condominium project with a rooftop pool, fitness center and clubhouse coming at southwest corner of 7th/Cohen Way. Why this project wins? This condominium development lives like single-family homes—offering privacy, scale, and unparalleled outdoor space. With demand outpacing land supply in Rosemary, this is a timely opportunity to shape the district’s next chapter. Completion possible within 18 months of groundbreaking. Optional advantage - buyer may retain the current builder/owner to streamline construction.

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Detail Ic Property Details

Property Type : Land

Price : $2,899,000

AD Id : 85776360

MLS Id : MFRA4666601

Lot Size : 0.31 Acre(Lot)

Living Area Size : 13,350

County : Sarasota

Subdivision: Rosemary District

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Feature Features

  • Water Source

    WaterSource: Public

  • Lot Information

    Lot Dimensions: 133.5x100 Lot Description: Buildable, City Limits, Level, Urban Lot Square Feet: 13350 Lot Acres: 0.31 Lot Size (SqMt): 1240

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$2899000

  • Tax Information

    Tax Block: Y Tax Book Number: A-65 Tax Lot: 5 Tax Legal Description: LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551 Annual Tax: $14176 Tax Year: 2025 Parcel Number: 2026060036

  • School Information

    Elementary School: Alta Vista Elementary Junior High School: Booker Middle Senior High School: Booker High
  • Utility Information

    Electricity Available, Sewer Available, Sewer Nearby, Water Available Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: ROSEMARY DISTRICT City: SARASOTA Direction: FROM I 75, TAKE FRUITVILLE RD EXIT INTO DOWNTOWN SARASOTA; TURN NORTH ON CENTRAL AVE; TURN RIGHT ON 7TH STREET; PROPERTY IS ON LEFT AT COHEN WAY/7TH STREET.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
654 Lafayette Court, Sarasota, FL, 34236 $695,000 -- -- 7,120 0.16 Acre(Lot)
1923 5th Street, Sarasota, FL, 34236 $965,000 -- -- 10,500 0.24 Acre(Lot)
1930 Adams Lane, Sarasota, FL, 34236 $725,000 -- -- 5,000 0.11 Acre(Lot)
1703 Alta Vista Street, Sarasota, FL, 34236 $1,300,000 -- -- 8,800 0.20 Acre(Lot)
449 N Osprey Avenue, Sarasota, FL, 34236 $405,000 -- -- 5,042 0.12 Acre(Lot)
1744 10th Street, Sarasota, FL, 34236 $625,000 -- -- -- Acres (Lot)--
1744 10th Street, Sarasota, FL, 34236 $625,000 -- -- -- Acres (Lot)--
1744 10th Street, Sarasota, FL, 34236 $625,000 -- -- 6,800 0.16 Acre(Lot)
1721 8th Street, Sarasota, FL, 34236 $650,000 -- -- 9,200 0.21 Acre(Lot)
1705 6th Street, Sarasota, FL, 34236 $1,600,000 -- -- 12,077 0.28 Acre(Lot)
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ByOwner last updated this listing 06/24/2026 @ 06:20

MLS: MFRMLS #A4666601 LISTED BY: Frank Lambert, PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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