Active

$5,950,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRA4632430
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Located in Southwest Bradenton, this exceptional 6.72 +/- acre former tennis center is available for luxury residential redevelopment. This opportunity is one of the last in the area with a potential water view of Sarasota Bay, offering a prime location to develop a luxury residential community with top-notch amenities and state-of-the-art living space. The Future Land Use (FLU) designation, RES-16, allows for the possibility of up to 107 units through a rezoning to Planned Development Residential (PD-R) to utilize the potential density. This site is highly sought after due to its proximity to Cortez Road, US-41, IMG Academy, retail centers, and Sarasota-Bradenton International Airport. The frontage on El Conquistador Parkway, with traffic counts of 12,300 average vehicles per day, serves to naturally promote this property following development. The residential market in Manatee County for townhomes and condos has remained relatively steady over the past year, with an average sale price of $401,051. Most closed sales have occurred between the $300,000 and $600,000 with the expectation that this site will surpass that range due to its location and potential water views. Proposed access to the site is via two access points off Bay Club Drive and a third emergency access via El Conquistador Parkway. Public utilities to the site are available via water and sewer lines located along El Conquistador Parkway. Buyer must verify legal access for their proposed development as well as water and sewer capacity with Manatee County.
Financial Considerations
Price:
$5,950,000
HOA Fee:
N/A
Tax Amount:
$17749
Price per SqFt:
$20.33
Tax Legal Description:
FM NW COR OF SE1/4 OF NW1/4 SEC 21, RUN S 00 DEG 22 MIN 07 SEC W ALG SD SE1/4 OF NW1/4 11.85 FT TO THE WLY EXT OF S R/W LN OF EL CONQUISTADOR PKWY; TH S 89 DEG 10 MIN 32 SEC E ALG SD S R/W LN & WLY EXT 44.00 FT TO THE E LN OF A 29 FT ACCESS EASMT; TH S 00 DEG 22 MIN 07 SEC W ALG E LN OF SD EASMT 428.08 FT TO THE POB; TH CONT ALG E LN OF SD EASMT THE FOL
Exterior Features
Lot Size:
292723
Lot Features:
N/A
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:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    4511 BAY CLUB DR
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