701 COHEN WAY

Property Details

Description

Soon to be a ‘permit-ready’ opportunity in Sarasota’s red-hot Rosemary Arts & Design 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 navigability, all the essentials for today’s millennial and empty nester markets. Project highlights include a permit-ready space, construction can begin in just four to six months. Potential for six three-story townhomes, each with four bedrooms, three full baths and 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 at $2,495,000, the lot has potential for light, bright architecture, built to the latest hurricane standards. The property has potential to produce sales volume and profit. An advantageous location, the project is a short distance from The Bay Sarasota, a 53-acre waterfront park; two blocks from Sarasota School of Arts and Sciences (SSAS) and surrounded by 65 restaurants within six blocks and just minutes from 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 the southwest corner of 7th/Cohen Way. 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 is possible within 18 months of groundbreaking. Adjacent property is MLS A4706531. Together with this property, it offers a 62-unit development opportunity.

Facts & Costs

Property type

Land

Zoning

DTE

Current use

Unimproved

Lot dimensions

133.5x100

Price per acre

$8,048,387

Road frontage

Business District, City Street

Road surface

Paved

Lot size

0.31 acres

Days on market

12

Waterfront

No

Community

Plat Of Sarasota

Subdivision

ROSEMARY DISTRICT

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$14,176 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Utilities & lot

Utilities

Electricity Available, Sewer Available, Sewer Nearby, Water Available

Sewer

Public Sewer

Water

Public

Lot features

Buildable, City Limits, Level, Urban

View

City

Payment Estimate

$13,797 / month

Principal & interest

$12,616

Property taxes

$1,181

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location