Luxury Residential Development Site
Land | 6.72 acres
Marketing description
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.
Investment highlights
- Luxury residential development opportunity in Southwest Bradenton with potential views of Sarasota Bay
- Potential to Planned Development-Residential (PD-R) to allow for up to 107 units
- Location on El Conquistador Parkway allows easy accessibility to Cortez Road and US-41 with Downtown Bradenton 20 minutes to the North and Downtown Sarasota 20 minutes South
- Desirable area with close proximity to recreational amenities including the Bradenton Gulf Islands, preserves with kayaking, walking and biking trails, and numerous high end gulf courses
- Surrounding area has proposed 5,000+ new residential units between the Aqua and Seaflower communities, as well as 600+ luxury apartment units under construction or recently completed
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