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1303 GULF DRIVE S UNIT 2

Lots/Land For Sale
$1,749,000

BTC: 27.32812500

ETH: 1,001.71821306

-$250K (2026/04/28)
131 days
0 room(s)

Overview

"Build to Suit" - R-2 zoning, also known as Residential-2, is intended to accommodate medium-density residential development. It typically allows for single-family homes, duplexes, attached townhomes, and in some cases, multi-family dwellings, while maintaining a residential character and providing adequate open space. This Prime Buildable Lot Across from the Beach Offered strictly for land value, this is a rare opportunity to acquire the entire Gulf Reach Condominium site—three attached units with separate folio numbers, sold together as one redevelopment package in one of Bradenton Beach’s strongest short-term rental and redevelopment corridors. Build your primary home or an investment vacation rental on this lot. Zoning allows for 1–7-day vacation rentals. Don’t miss this great opportunity! This property has historically operated as a successful VRBO/Airbnb location for many years, benefiting from consistent island demand, exceptional walkability, and immediate proximity to the Gulf beaches and the Bridge Street district. The address itself has long proven its desirability as a vacation-rental destination. Seller will consider buyers who obtain appropriate approvals and require a due-diligence period to evaluate redevelopment feasibility, permitting, and design. This allows qualified investors and builders the opportunity to fully underwrite the project prior to closing. A major upside of this site is its future view potential. With elevated new construction, a buyer can achieve full Gulf views as well as Intracoastal Waterway views, with the beach directly across the street and no structures obstructing sightlines—a rare and valuable combination that significantly enhances resale and rental appeal. Additionally, this property is the second-to-last lot on this stretch of the island, offering a uniquely strategic location. It provides quick and convenient access heading north to Anna Maria Island or south toward Longboat Key and St. Armands Circle, making it ideal for both residents and vacationers seeking easy island mobility. Utilities are already in place, and the site is surrounded by beaches, parks, boat ramps, fishing access, dining, shopping, and island amenities. Ideal for builders, developers, 1031 exchange buyers, or experienced short-term rental investors seeking a proven address with significant upside through elevated new construction in a supply-constrained barrier-island market.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.16 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$800,000
$542K – $1.4M
Confidence Low
List vs. estimate
$949K above estimate
List $1,749,000 · +118.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$587
2024
View
Water
All facts and features
  • Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 7757400059

    • Zoning: R2

  • Type and style

    • Property Type: Land

  • Utility

    • BB/HS Internet Available

    • BB/HS Internet Capable

    • Cable Available

    • Electricity Available

    • Phone Available

    • Public

    • Sewer Available

    • Sewer Connected

    • Street Lights

    • Underground Utilities

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $587

  • Source details

    • MLS ID: TB8466465

    Other facts

    • Lot Features: Buildable / Corner Lot / Flood Plain / Irregular Lot / Level

    • Direction Faces: West

    • Water Source: Public

    • Lot Size Dimensions: 100 x 60

    • Subdivision Name: GULF REACH

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COMPASS FLORIDA LLC