701 Cohen Way, FL
Stellar MLS
1 / 1

$2,495,000

701 Cohen Way

Sarasota, FL 34236

Listing updated: September 21, 2026 at 2:17 PM ET

Active
Stellar MLSListing courtesy of Premier Sotheby'S International Realty · Frank Lambert · MLS #A4706492 · Active · 941-364-4000
0
Baths
0.31
Acres
$187/sqft360° tour
Land

Property type

13,350 sqft

Lot size

$187

Price / sq ft

No HOA

HOA dues

3

Days on market

X

Flood zone

About this home

Soon to be a ‘permit-ready’ opportunity in Sarasota’s red-hot Rosemary Arts & Design 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 navigability, all the essentials for today’s millennial and empty nester markets. Project highlights include a permit-ready space, construction can begin in just four to six months. Potential for six three-story townhomes, each with four bedrooms, three full baths and 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 at $2,495,000, the lot has potential for light, bright architecture, built to the latest hurricane standards. The property has potential to produce sales volume and profit. An advantageous location, the project is a short distance from The Bay Sarasota, a 53-acre waterfront park; two blocks from Sarasota School of Arts and Sciences (SSAS) and surrounded by 65 restaurants within six blocks and just minutes from 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 the southwest corner of 7th/Cohen Way. 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 is possible within 18 months of groundbreaking. Adjacent property is MLS A4706531. Together with this property, it offers a 62-unit development opportunity.

Estimated monthly payment

Principal & interest$12,616
Property taxes$1,181
Home insurance (est.)$1,144

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 history3 days on market

  1. Status: Active
    Sep 18, 2026
  2. Listed$2,495,000
    Sep 18, 2026
  3. Price increased$2,495,000

Facts & features

Property type
Land
Status
Active
Days on market
3
Cumulative DOM
125
Subdivision
Rosemary District
County
Sarasota
Price/sq ft
$187
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 #
A4706492

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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
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
2026-09-17
On market date
2026-09-18
Original list price
$2,495,000
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-09-18
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 September 21, 2026 at 2:17 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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