701 COHEN WAY Sarasota, FL 34236
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved
Listing Status Active
Purchase Type For Sale
Subdivision Rosemary District
MLS Listing ID A4706492
HOA Y/N No
Annual Tax Amount $14,176
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 133.5x100
Property Sub-Type Unimproved
Source Stellar MLS
Property Description
***Project highlights include: a permit-ready space, construction can begin in just 4-6 months. 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. **** ADJACENT PROPERTY WHICH IS ON MARKET TOGETHER WITH THIS LISTING CREATES A 62 UNIT DEVELOPMENT OPPORTUNITY *****
****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 $5,093,980 (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. ****
Location
State FL
County Sarasota
Community Rosemary District
Area 34236 - Sarasota
Zoning DTE
Exterior
Utilities Available Electricity Available, Sewer Available, Sewer Nearby, Water Available
View Y/N No
Water Access No
View City
Exposure East
Building
Lot Description Buildable, City Limits, Level, Urban
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Schools
Elementary Schools Alta Vista Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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