701 Cohen Way, Sarasota, FL 34236
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Priced at Only: $2,899,000
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Address: 701 Cohen Way, Sarasota, FL 34236
Property Location and Similar Properties
- MLS#: A4666601 ( Land )
- Street Address: 701 Cohen Way
- Viewed: 8
- Price: $2,899,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 8
- Additional Information
- Geolocation: 27.3425 / -82.5418
- County: SARASOTA
- City: Sarasota
- Zipcode: 34236
- Subdivision: Rosemary District
- Elementary School: Alta Vista
- Middle School: Booker
- High School: Booker
- Provided by: PREMIER SOTHEBY'S INTERNATIONAL REALTY
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DescriptionPermit ready opportunity in Sarasotas red hot Rosemary District. A rare chance to build lifestyle driven homes in one of Sarasotas fastest growing urban neighborhoods. This shovel ready project is designed for buyers who want modern design, abundant outdoor living, and walkabilityall the essentials for todays 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 housesluxury 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 homesoffering privacy, scale, and unparalleled outdoor space. With demand outpacing land supply in Rosemary, this is a timely opportunity to shape the districts next chapter. Completion possible within 18 months of groundbreaking. Optional advantage buyer may retain the current builder/owner to streamline construction.
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Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
Land Information
- Lot Features: Buildable, CityLot, Flat, Level
School Information
- High School: Booker High
- Middle School: Booker Middle
- School Elementary: Alta Vista Elementary
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Road Frontage Type: CityStreet
- Sewer: PublicSewer
- Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2025
- Trash Expense: 0.00
Other Features
- Country: US
- Current Use: Unimproved
- Legal Description: LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551
- Area Major: 34236 - Sarasota
- Parcel Number: 2026060036
- Possession: Negotiable
- The Range: 0.00
- View: City
- Zoning Code: DTE
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