Active

$2,899,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRA4666601
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
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 · Permit-Ready: Construction can begin in just 60 days · 6 Three-Story Townhomes: Each with 4 bedrooms, 3 full baths, 2 half baths · Private Pools & Guest Houses: Luxury features that set this community apart · Expansive Outdoor Living: Multiple terraces, patios, and outdoor kitchens · Private Two-Car Garages for every residence · Large Residences: 2,800+ sq. ft., priced from $2,693,000 · Light, Bright Contemporary Architecture with impact glass and latest hurricane standards · Projected Sales Volume: $16,000,000+ · Projected Profit Potential: $4,426,000 (Pro Forma available) Location Advantages · Steps from The Bay Sarasota, a 53-acre waterfront park · Surrounded by 65 restaurants within 6 blocks · Two blocks from Sarasota School of Arts and Sciences (SSAS) · Minutes to downtown shopping, theaters, arts district, and St. Armands/Lido Beach · Flood Zone X – safer, elevated land designation · Stunning Urban Design Across 7th Street - Award winning Sarasota and Rosemary District architect, Halflants & Pichette designed condo project with 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.
Financial Considerations
Price:
$2,899,000
HOA Fee:
N/A
Tax Amount:
$14176
Price per SqFt:
$217.15
Tax Legal Description:
LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551
Exterior Features
Lot Size:
13350
Lot Features:
Buildable, City Limits, Level, Urban
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    701 COHEN WAY
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