About 2424 Bay Drive 2424/2426
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.
Features of 2424 Bay Drive 2424/2426
| MLS® # | A4648852 |
|---|---|
| Price | $4,300,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Square Footage | 1,916 |
| Acres | 1.32 |
| Year Built | 1998 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
| Property Taxes | 8,627.00 |
| Total Annual Fees | 0.00 |
| Pet Allowed | Yes |
| Pet Size Limit | Extra Large (101+ Lbs.) |
| Minimum Lease | 6 Months |
Community Information
| Address | 2424 Bay Drive 2424/2426 |
|---|---|
| Area | Bradenton/Fifty Seventh Avenue |
| Subdivision | TREETOPS BAY CONDO |
| City | BRADENTON |
| County | Manatee |
| State | FL |
| Zip Code | 34207 |
Amenities
| Parking | Circular Driveway, Driveway, Garage Door Opener, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest, Open, Oversized, Tandem, Under Building |
|---|---|
| # of Garages | 8 |
| View | Water |
| Is Waterfront | Yes |
| Waterfront | Bay/Harbor |
| Has Pool | No |
Interior
| Interior Features | Cathedral Ceiling(s), Ceiling Fan(s), Elevator, High Ceilings, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments |
|---|---|
| Appliances | Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| Heating | Central, Electric |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Irrigation System, Rain Gutters, Sliding Doors, Storage |
|---|---|
| Lot Description | Flood Insurance Required, Oversized Lot, Street Dead-End |
| Roof | Metal |
| Foundation | Stilt/On Piling |
School Information
| Elementary | Bayshore Elementary |
|---|---|
| Middle | Electa Arcotte Lee Magnet |
| High | Bayshore High |
Additional Information
| Date Listed | April 17th, 2025 |
|---|---|
| Days on Market | 196 |
| Zoning | PDR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | COMPASS FLORIDA LLC |
|---|