701 Cohen Way, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot13,350 sqft

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About this home

701 Cohen Way is a home in Rosemary District, Sarasota. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

On market
23 days
Annual tax
$14,176
Flood zone
X · Low risk
Lot
13,350 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$15,441/mo
Down payment (20%)
$499,000
Property taxes
$1,181/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
13,350 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
23
Elementary
Alta Vista Elementary
Middle
Booker Middle
High
Booker High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2025)
$14,176
Parcel #
2026060036

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Rosemary District
County
Sarasota
MLS Area
34236 - Sarasota
Lot Size
13,350 sqft
BuildableCity LimitsLevelUrban

Price history

Date
Event
Price
9/17/2026
Listed for sale
Source: Stellar MLS #A4706492
$2,495,000

Neighborhood

701 Cohen Way
Sarasota, FL, 34236 · 34236 - Sarasota

Calculator

Est. monthly payment
$15,441/mo
Principal & interest$13,012
Property taxes$1,181
Insurance$1,248
Down payment20% · $499,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$2,495,000

Time on market

23 days

Monthly payment

About $15,441/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $14,176 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byPREMIER SOTHEBY'S INTERNATIONAL REALTYListing agent: Frank LambertListing data from Stellar MLS, MLS# A4706492.

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