Listing provided courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTYas Distributed by MLSGrid- MLS# MFRA4666601MLS Provider

701 COHEN WAYSARASOTA, FL 34236

Vacant Land · 0.31 Acres
$2,899,000 Active

701 COHEN WAY Overview

Time on Site:
80 days
Visits:
0

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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701 COHEN WAY Facts & Features

  • Type Vacant Land
  • Lot 0.31 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • Elementary School: Alta Vista Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Booker High

Business Information

  • Current Use: Unimproved

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34236 - Sarasota
  • Subdivision Name: ROSEMARY DISTRICT
  • Township: 36

Tax Information

  • Tax Annual Amount: 14176
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,Owner Financing
  • Ownership: Fee Simple
  • Parcel Number: 2026060036
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: DTE

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Units: Square Feet

General Information

  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Buildable,City Limits,Level,Urban
  • Lot Size Acres: 0.31
  • Lot Size Dimensions: 133.5x100
  • Lot Size Square Feet: 13350
  • Number Of Lots: 1
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: No

Building Exterior/Construction

  • Direction Faces: East

General Information

  • Road Frontage Type: Business District,City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Sewer Available,Sewer Nearby,Water Available

701 COHEN WAY Neighborhood

Community

34236 (SARASOTA) Demographics

67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

701 COHEN WAY Market Data

Based on the last 30 days in this zip code

$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
Calculations provided by Reliance Network

701 COHEN WAY History

Date Event Value Agent
9/30/2025Source: My Florida Regional MLS Added to Database
September 30, 2025