Welcome to a Prime Investment Opportunity, this . 61-acre lot is brimming with potential in a highly desirable Bradenton location. The current zoning designation for this parcel is RDD-6 (Residential Duplex District), which permits residential development with a maximum density of six dwelling units an acre offering a unique investment opportunity for developers or visionaries looking to maximize its value. The lot can be split into two parcels, accommodating up to four units—perfect for building two duplexes ideal for long-term rentals or Airbnb ventures. Convenience and proximity to renowned attractions make this property shine. Located just 5 minutes from Anna Maria Island's pristine beaches, 9 miles from the luxurious shores of Longboat Key, and 15 miles to the world-famous sands of Siesta Key.
Additionally, you'll enjoy proximity to a variety of local amenities, including Cortez Village, with its charming seafood restaurants and historic sites, and Bradenton Beach Marina for boating enthusiasts. Nearby shopping centers, parks, and top-rated schools further add to the appeal all while investing in an area with strong growth and rental demand.
Whether you're an investor seeking your next project or looking to create a rental income powerhouse, this property holds endless possibilities.
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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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,167 | $3,247 | $4,114 |
Total Monthly Payment | $3,259 | $3,339 | $4,206 |
* 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.