Homes for sale - 701 COHEN WAY, Sarasota, FL 34236

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Citrus Home Finders Team

hello@citrushomefinders.com +1(352) 290-3344

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Bought with

$ 2,899,000

Est. payment | -/mo

0.31 Acres Lot

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$ 2,899,000

Est. payment | -/mo

Save Virtual Tour

0.31 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision Rosemary District

MLS Listing ID A4666601

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

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.

Location

State FL

County Sarasota

Community Rosemary District

Area 34236 - Sarasota

Zoning DTE

Exterior

Utilities Available Electricity Available, Sewer Available, Sewer Nearby, Water Available

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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, Owner Financing

Membership Fee Required None

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

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Citrus Home Finders Team

Brokerage Operations Team | License ID: CQ1071313

+1(352) 290-3344

701 COHEN WAY Sarasota, FL 34236

Citrus Home Finders Team

Key Details

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701 COHEN WAY