Waterfront Development Site
Rare 1.47-acre waterfront development site on Palma Sola Bay
Marketing description
Waterfront Development Opportunity | Palma Sola Bay
1.47± Acres | Marina & Boating Potential
Rare waterfront development opportunity offering approximately 1.47± acres directly on Palma Sola Bay with potential marina and boating access opportunities (subject to approvals). Property is zoned R-3 High Density Multi-Family, which may allow up to 22 residential units and building heights up to 45 feet (3–4 stories), subject to buyer verification and governmental approvals.
The property may be suitable for multiple residential development concepts, including waterfront residences, boutique condominiums, townhomes, or a private boating-oriented enclave. Conceptual plans have explored approximately 8 waterfront homes ranging from roughly 3,000–3,500 SF with opportunities for private pools, rooftop terraces, and marina access, subject to approvals.
Located along Manatee Avenue West, just minutes from Anna Maria Island beaches, waterfront dining, shopping, and Gulf Coast attractions. Boaters may enjoy convenient access to the Intracoastal Waterway and Gulf of Mexico.
Buyer to verify all zoning, density, marina approvals, environmental conditions, development feasibility, and intended use.
Investment highlights
Zoning: R-3 (High-Density Multi-Family)
Density: Up to 22 units
Height Limit: 45 ft (3–4 stories)
Waterfront Value: Potential 9 wet slips
Jurisdiction & Zoning
• City of Bradenton – R-3 (High-Density Multi-Family).
• Base Density: 15 units/acre → 1.47 acres = 22 units max by-right.
• Height Limit: 45 ft (≈3–4 stories).
• Future Land Use: Residential High Density.
Investment Highlights
• Concept: 8 Luxury Single-Family Homes (3,000–3,500 SF)
• Waterfront Premium: Direct bay frontage with marina potential
• Boat Slips: Potential for 8–9 private wet slips
• Positioning: Boutique luxury STR + lifestyle community
• Access: Minutes to Anna Maria Island + direct Gulf boating access
A rare opportunity to develop a signature waterfront community—where luxury living, boating access, and income potential converge just minutes from Anna Maria Island.
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