701 COHEN WAY, Sarasota, FL 34236

Property Description

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.

Listing Status:

Active

Date Added:

September 18, 2026

Data Last Updated:

September 28, 2026 at 10:21PM

Listing Office:

PREMIER SOTHEBY'S INTERNATIONAL REALTY : 941-364-4000

Listing Agent:

Frank Lambert : 941-920-1500

Contact:

941-364-4000

MLS ID:

A4706492

Location

• Road/Access: Business DistrictCity Street
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: DTELOTS 5 & 6SUB LOT 12BLK YPLAT OF SARASOTABEING SAME LANDS AS DESC IN ORI 2014040833 & 20150245512026060036
• View: City
• Current Use: Unimproved

Utilities

• Utilities: Electricity AvailableSewer AvailableSewer NearbyWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple