701 Cohen Way, FL701 Cohen Way, FL701 Cohen Way, FL
Stellar MLS
1 / 57

$2,899,000

701 Cohen Way

Sarasota, FL 34236

Listing updated: June 23, 2026 at 6:25 PM ET

Active
Stellar MLSListing courtesy of Premier Sotheby'S International Realty · Frank Lambert · MLS #A4666601 · Active · 941-364-4000
0
Baths
0.31
Acres
$217/sqft
Land

Property type

13,350 sqft

Lot size

$217

Price / sq ft

No HOA

HOA dues

73

Days on market

X

Flood zone

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 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.

Local Insight

At $217 per square foot for raw land in the Rosemary District, you're paying premium pricing for location and development potential rather than any existing structure—this works only if you have a solid plan for what goes there and can handle construction costs in what's become Sarasota's hottest walkable neighborhood. The X flood zone designation is a major plus for financing and insurance, but at 0.31 acres you're looking at a fairly tight build envelope, so confirm zoning allowances before committing since teardown-and-rebuild projects in this district often face height, setback, and density constraints that can kill profitability.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$14,659
Property taxes$1,181
Home insurance (est.)$1,329

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history73 days on market

  1. Status: Active
    Jun 23, 2026
  2. Listed$2,899,000
    Sep 30, 2025
  3. Price increased$2,899,000

Facts & features

Property type
Land
Status
Active
Days on market
73
Subdivision
Rosemary District
County
Sarasota
Price/sq ft
$217
Lot size
13,350 sq ft
Lot category
1/4 to less than 1/2
Flood zone
X (12115C0133G)
Annual taxes
$14,176 (2025)
Parcel #
2026060036
Zoning
DTE
MLS #
A4666601

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Interior Details

Direction faces
East

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Listing terms
Cash, Conventional, Owner Financing
Ownership
Fee Simple

Exterior & Construction

Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Sewer Available, Sewer Nearby, Water Available

Schools

ElementaryAlta Vista ElementaryGreatSchools ↗
MiddleBooker MiddleGreatSchools ↗
High SchoolBooker HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Listing Details

Listing date
2025-09-22
On market date
2025-09-30
Original list price
$2,899,000
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-06-23
Tax legal description
LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551

Flood risk

Minimal riskFEMA Zone XPanel 12115C0133G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

FROM I 75, TAKE FRUITVILLE RD EXIT INTO DOWNTOWN SARASOTA; TURN NORTH ON CENTRAL AVE; TURN RIGHT ON 7TH STREET; PROPERTY IS ON LEFT AT COHEN WAY/7TH STREET.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 23, 2026 at 6:25 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA