2424 BAY DRIVE UNIT 2424/2426

Multi-family For Sale

$4,300,000

BTC: 143.33333333

ETH: 2,150.00000000

+$800K (2025/06/30)

231 days

Waterfront

For Sale

Multi-family

6 bds •

1,916 sqft

Est. Estimated sales range: $0 - $0

Overview

One or more photo(s) has been virtually staged. Income-Producing Property with Full Development Plans & Permits Ready Invest in one of Southwest Florida’s most sought-after waterfront corridors—Sarasota-Bradenton, where luxury new construction and high-end townhome developments are in record demand. This prime corner bayfront lot offers both immediate rental income and exceptional redevelopment potential, making it a rare find for real estate investors and developers seeking a fast-track project with all approvals in place. Property Highlights Premier Waterfront Location – Bay frontage with an 18-ft-deep canal providing direct boating access to Sarasota Bay Development-Ready – Includes approved permits, architectural plans, and professional renderings Project Scope – Plans call for three boutique buildings, each featuring two luxury waterfront townhomes Private Dockage – Four existing docks with the potential to add up to five more Turnkey Income – Two existing waterfront townhomes currently generating rental income for immediate cash flow Investment Appeal Fast-Track Development – Save time and costs with permits and designs already completed Rare Bayfront Lot – Corner site offering panoramic water views and deep-water access Strong ROI Potential – Luxury townhomes in this area sell pre-construction at premium price points Zoned, Designed, and Ready to Build – Ideal for builders, developers, and real estate investment groups Why Sarasota-Bradenton? Located in one of Florida’s fastest-growing coastal markets, Sarasota-Bradenton attracts affluent buyers seeking modern waterfront living, boating access, and proximity to beaches, dining, and culture. Investor demand and low inventory continue to drive strong appreciation and rental performance across the region.

Location

Florida • BRADENTON • 34207 • Multi-family • For Sale • Waterfront

Facts and features

Type:

Residential Income

Parking:

Circular Driveway / Driveway / Garage Door Opener / Golf Cart Garage / Golf Cart Parking / Ground Level / Guest / Open / Oversized / Tandem / Under Building

Year Built:

1998

Lot:

1.32 Acres

Heating:

Central / Electric

Price/sqft:

$2,244

Cooling:

Central Air

HOA:

No Data