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Presented by
Peg LoPresto |
1303 GULF DRIVE S, #2, Bradenton Beach, FL, 34217 | $1,999,000
"Build to Suit" - Prime Buildable Lot Across from the Beach Offered strictly for land value, this is a rare opportunity to acquire the entire Gulf Reach Condominium site—three attached units with separate folio numbers, sold together as one redevelopment package in one of Bradenton Beach’s strongest short-term rental and redevelopment corridors. Build your primary home or an investment vacation rental on this lot. Zoning allows for 1–7-day vacation rentals. Don’t miss this great opportunity!
This property has historically operated as a successful VRBO/Airbnb location for many years, benefiting from consistent island demand, exceptional walkability, and immediate proximity to the Gulf beaches and the Bridge Street district. The address itself has long proven its desirability as a vacation-rental destination.
Seller will consider buyers who obtain appropriate approvals and require a due-diligence period to evaluate redevelopment feasibility, permitting, and design. This allows qualified investors and builders the opportunity to fully underwrite the project prior to closing.
A major upside of this site is its future view potential. With elevated new construction, a buyer can achieve full Gulf views as well as Intracoastal Waterway views, with the beach directly across the street and no structures obstructing sightlines—a rare and valuable combination that significantly enhances resale and rental appeal.
Additionally, this property is the second-to-last lot on this stretch of the island, offering a uniquely strategic location. It provides quick and convenient access heading north to Anna Maria Island or south toward Longboat Key and St. Armands Circle, making it ideal for both residents and vacationers seeking easy island mobility.
Utilities are already in place, and the site is surrounded by beaches, parks, boat ramps, fishing access, dining, shopping, and island amenities. Ideal for builders, developers, 1031 exchange buyers, or experienced short-term rental investors seeking a proven address with significant upside through elevated new construction in a supply-constrained barrier-island market.
Features
- Lot Size: 100 x 60
- Lot Desc: Buildable, Corner Lot, Flood Plain, Irregular Lot, Level
- View: Water
- Elem. School: Anna Maria Elementary
- Middle School: Martha B. King Middle
- High School: Bayshore High
- MLS#: TB8466465
- Days on Market: 14 days
- Website: https://www.raveis.com
/prop/TB8466465/1303gulfdrives_bradentonbeach_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Peg LoPrestoLuxury Properties Specialist
774.722.0461
Peg.LoPresto@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1303 GULF DRIVE S, #2, Bradenton Beach, FL, 34217
$1,999,000
Peg LoPresto
Luxury Properties Specialist
William Raveis Real Estate
Phone: 774.722.0461
Peg.LoPresto@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,599,200 | $1,599,200 | $1,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.142% | 5.972% | 5.826% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,080 | $9,460 | $13,173 |
| Total Monthly Payment | $9,205 | $9,585 | $13,298 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388