Sold

$1,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRA4640136
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
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. Presnty having building removed. The new cortez bridge may alter frontage on road 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!
Financial Considerations
Price:
$1,500,000
HOA Fee:
N/A
Tax Amount:
$5628.76
Price per SqFt:
$203.88
Tax Legal Description:
LOT 2 BLK F AZURE SHORES RIP RTS PI#77271.0000/5
Exterior Features
Lot Size:
5150
Lot Features:
Buildable, Flood Plain/Bottom Land, Level, Near Marina, Sidewalk, Paved
Waterfront:
Yes
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:
West
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    303 GULF DR N #A
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