Welcome to a versatile and lucrative investment opportunity in Bradenton! This expansive 0. 61-acre lot is brimming with possibilities in a highly desirable location. The property, zoned RDD-6 (Residential Duplex District), offers the potential for creative development with a maximum density of six dwelling units an acre.
Currently, the lot features a home that can be beautifully remodeled, making it perfect for those who want to live in or rent out a modernized residence while maximizing the property’s full potential. Additionally, the lot can be split into two parcels, opening the door to building a second home or duplex on-site. Imagine living in one home and building a second for long-term rental income, Airbnb potential, or even a family compound.
The flexibility doesn’t stop there. With zoning that allows for up to four units, developers can explore building two duplexes to meet the growing demand for rental properties in this high-growth area.
Location is everything, and this property delivers! Situated just 5 minutes from the stunning beaches of Anna Maria Island, 9 miles from the luxurious shores of Longboat Key, and 15 miles from the world-famous sands of Siesta Key, it’s perfectly positioned to attract vacationers and residents alike. You'll also find Cortez Village’s charming seafood restaurants and historic sites nearby, along with Bradenton Beach Marina for boating enthusiasts. Shopping centers, parks, and top-rated schools add to the convenience, making this a well-rounded investment.
Whether you’re an investor, developer, or visionary, this property offers endless opportunities. Remodel the current home, build a second dwelling, or maximize the lot’s potential to create an income-generating powerhouse. Don’t miss your chance to capitalize on this prime piece of Bradenton real estate!
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $460 | $460 | $460 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,167 | $3,247 | $4,114 |
Total Monthly Payment | $3,719 | $3,799 | $4,666 |
* 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.