MarisaDiLenge
LOT SIZE 0.310 acres
MLS#A4706492
STATUSActive
PROPERTY TYPELand - Lot/Land
SUBDIVISIONROSEMARY DISTRICT
Property Description
Soon to be 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 walkability-all the essentials for today's millennial and empty nester markets. *******Project highlights include: a permit-ready space, construction can begin in just 4-6 months. Potential for six three-story townhomes, each with four bedrooms, three full baths, 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. **** ADJACENT PROPERTY WHICH IS ON MARKET TOGETHER WITH THIS LISTING CREATES A 62 UNIT DEVELOPMENT OPPORTUNITY *********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 $5,093,980 (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 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. ****
Property Features
Property Type: Land - Lot/Land
Lot Size: 0.31 Acres
Taxes: $14,176
Feature Descriptions
Directions: FROM I 75, TAKE FRUITVILLE RD EXIT INTO DOWNTOWN SARASOTA; TURN NORTH ON CENTRAL AVE; TURN RIGHT ON7TH STREET; PROPERTY IS ON LEFT AT COHEN WAY/7TH STREET.
Flood Zone Code: X
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Buildable, City Limits, Level, Urban
Lot Dimensions: 0.31
Ownership: Fee Simple
Property Attached Y/N: No
Road Frontage: 100
Sewer: Public Sewer
Showing Instructions: Call Listing Agent 2,Call Listing Agent, Call Listing Office, Go Direct, No Lockbox, See Remarks
Special Sale Provisions: None
Utilities: Electricity Available, Sewer Available, Sewer Nearby, Water Available
Water: Public
Water Access Y/N: No
Zoning: DTE
Local Schools
High School: Booker High
Middle School: Booker Middle
Elementary School: Alta Vista Elementary
Listed By / Shown By
Listed By
Agency Name: PREMIER SOTHEBY'S INTERNATIONAL REALTY
Agency Contact: 941-364-4000
Shown By
Agent Name: Marisa DiLenge
Agent Phone: Cell: (954) 258-5885
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 7,461.83 per month $5,552.79 Principal & Interest $1,181.33 Property Tax $727.71 Homeowner's InsuranceChange Payment Information
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701 Cohen Way | MLS# A4706492
This land located at 701 Cohen Way, Sarasota, FL 34236 is currently listed for sale with an asking price of $2,495,000. The property has approximately 0.31 Acres. Search Sarasota real estate on marisadilenge.realty100.com today.