303 - Gulf Drive North, Bradenton Beach Rare Buildable Beachfront Lot Opportunity – Bradenton Beach Property Overview: Land value Opportunity distressed Location: First buildable beachfront lot on Bradenton Beach, spanning 5,150 sqft. 51.5ft frontage Uniqueness: No comparable property—highly valuable with unobstructed Gulf views facing due west. Zoning: R3 Multifamily, ideal for development of a 3-4 story residential building. Do own diligence! short term capable. stilt construction multi unit building best use. Deeded Transferable Rights: Includes riparian rights and unobstructed Gulf views. In legal description.. Condition: Distressed property with two hurricane-damaged structures requiring removal. 1 bungalow and 1 two-story, 3+ unit building—both unrepairable. Partial deconstruction already initiated by Hurricane Milton—easy for a builder to complete. Investment Highlights: Prime Opportunity: The only vacant beach-view lot available on Holmes & Bradenton Beach. Pricing: $1.7M ($330 sqft), priced to reflect demolition costs. Recent highest beach area land sale: $407 sqft. Estimated Market Value (Post-Clearing): $2.1M. based on recent sales. Last Comparable Sale: $950K (sold 4 years, 10 months ago); now a multi-family property generating ~$200K+ annually. Terms of Sale Cash purchase, AS-IS – No concessions or contingencies. Due diligence period: 7 days. Closing timeline: 10 days. Proof of Funds (POF) required – serious buyers only. Ideal Buyers: End-users, contractors, builders, or investors – land value sale with debris removal considered responsibility of buyer. Utilities & Development Assistance: Underground power projects underway on Bradenton Beach to move overhead lines to underground power lines. contact FPL construction for project data. Don’t miss this rare chance to secure a prime Gulf-front multifamily lot in one of Florida’s most sought-after locations!
Berkshire Hathaway HomeServices
Florida Realty
3192 Fruitville Rd, Sarasota, FL 34237
Listing Broker: PREFERRED SHORE LLC
Last Changed: Saturday 15th of February 2025 09:42:07 PM
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