Property
ActiveLand
1/57
$2,899,000

701 COHEN WAY

Sarasota, FL 34236
0
Beds
0
Baths
0
SqFt
0.31
Acres
STELLAR
#A4666601
Updated: Jun 23, 2026, 9:08pm

Property Description

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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Property Details

Highlights
View
Yes
Construction
Building Area Units
Square Feet
Direction Faces
East
Living Area Units
Square Feet
Site & Exterior
Current Use
Unimproved
Flood Zone Code
X
I D X Participation
Yes
Lot Features
BuildableCity LotLevelUrban
Lot Size Acres
0.31
Lot Size Area
13350
Lot Size Dimensions
133.5 x 100
Lot Size Square Feet
13350
Lot Size Units
Square Feet
Number Of Lots
Yes
Public Survey Range
18
Public Survey Section
19
Road Frontage Type
Business DistrictCity Street
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Electricity AvailableSewer AvailableSewer NearbyWater Available
View
City
Water Source
Public
Zoning
DTE
Zoning Compatible
Yes
Financials
Calculated List Price By Calculated Sq Ft
217.15
Contract Status Change Date
2025-09-30
Current Adjacent Use
Commercial
Current Price
2899000
Feed Types
BBO
Owner Name
ON RECORD
Ownership
Fee Simple
Parcel Number
2026060036
Price Per Acre
9351613
Public Survey Township
36
Tax Annual Amount
14176
Tax Block
Yes
Tax Book Number
A-65
Tax Legal Description
LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551
Tax Lot
5
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34236 - Sarasota
S W Subdiv Community Name
Plat Of Sarasota
Subdivision Name
ROSEMARY DISTRICT
Schools
Ratings
Elementary
Alta Vista Elementary
Middle
Booker Middle
High
Booker High
Listing provided courtesy of STELLAR via IDX. Updated: Jun 23, 2026, 9:08pm.
Frank Lambert

Listing Agent

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Call Agent