701 Cohen Way, Sarasota, FL 34236
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by:frank lambert
Office:premier sotheby's international realty
MLS#:A4666601
Source:MFRMLS
Price summary
- Price:$2,899,000
About this home
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
· Permit-Ready: Construction can begin in just 60 days
· 6 Three-Story Townhomes: Each with 4 bedrooms, 3 full baths, 2 half baths
· Private Pools & Guest Houses: Luxury features that set this community apart
· Expansive Outdoor Living: Multiple terraces, patios, and outdoor kitchens
· Private Two-Car Garages for every residence
· Large Residences: 2,800+ sq. ft., priced from $2,693,000
· Light, Bright Contemporary Architecture with impact glass and latest hurricane standards
· Projected Sales Volume: $16,000,000+
· Projected Profit Potential: $4,426,000 (Pro Forma available)
Location Advantages
· Steps from The Bay Sarasota, a 53-acre waterfront park
· Surrounded by 65 restaurants within 6 blocks
· Two blocks from Sarasota School of Arts and Sciences (SSAS)
· Minutes to downtown shopping, theaters, arts district, and St. Armands/Lido Beach
· Flood Zone X – safer, elevated land designation
· Stunning Urban Design Across 7th Street - Award winning Sarasota and Rosemary District architect, Halflants & Pichette designed condo project with 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.
Contact an agent
Home facts
- Listing ID #:A4666601
- Added:1 day(s) ago
- Updated:September 30, 2025 at 03:41 PM
Structure and exterior
- Lot area:0.31 Acres
Schools
- High school:Booker High
- Middle school:Booker Middle
- Elementary school:Alta Vista Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available, Sewer Nearby
Finances and disclosures
- Price:$2,899,000
- Tax amount:$14,176 (2025)
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