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$4,300,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 1.32 Acres
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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.

Full Property Details for 2424 Bay Dr #2424/2426

General

  • Price: $4,300,000
  • Taxes: $23,870 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4648852
  • Updated: 11/5/2025
  • Added to Site: 276 day(s) ago

Rental Information

  • Min. Lease: 6 Months

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
  • Furnishings: Turnkey
  • Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Laundry Room

Exterior

  • Exterior Features: Balcony, Irrigation System, Rain Gutters, Sliding Doors, Storage
  • Deck/Patio: Covered, Deck, Enclosed, Front Porch, Rear Porch, Screened
  • Porch/Patio/Deck: Covered, Deck, Enclosed, Front Porch, Rear Porch, Scree

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 8
  • Covered Spaces: 8
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest, Open, Oversized, Tandem, Under Building

Location

  • Area: 34207 - Bradenton/Fifty Seventh Avenue
  • County: Manatee
  • Development Name: 34207 - Bradenton/Fifty Seventh Avenue
  • Subdivision: TREETOPS BAY CONDO
  • Driving Directions: Taking Tamiami Trail, head WEST onto 69th Ave W (BAY DRIVE). Home will be all the way at the end of road, on left hand side.

School Information

  • Elementary School: Bayshore Elementary
  • Middle School: Electa Arcotte Lee Magnet
  • High School: Bayshore High

Community

  • Community Name: 34207 - Bradenton/Fifty Seventh Avenue
  • Community Features: Association Recreation - Lease
  • Pet Restrictions: County restrictions, / 100lbs.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water District: SARASOTA BAY
  • Water: Public
  • Utility Description: Cable TV Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete, Stucco, Vinyl Siding
  • Roof: Metal
  • Windows: Window Treatments
  • Stories/Levels: Three Or More
  • Square Feet: 1,916
  • Sq. Ft. Source: Public Records
  • Year Built: 1998

Additional Structures

  • Other Structures: Storage

Lot Features

  • Property View: Water
  • Lot Size (Acres): 1.32
  • Lot Size (Sq. Ft.): 57,297
  • Lot Size: 1.3154
  • Frontage: Street Dead-End
  • Street/Road Desc.: Concrete

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Bay/Harbor
  • Water Extras: Yes
  • Water Front Name: SARASOTA BAY
  • Water Front Desc.: Bay/Harbor

Financial Considerations

  • Tax Amount: $23,870
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Special Conditions: None
  • Legal Description: UNIT A TREETOPS BAY CONDO PI#67916.0010/6
  • Flood Zone Info: AE
  • APN: 6791600106
  • Property ID: 6791600106

Listed by Compass Florida Llc

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— 2424 Bay Dr #2424/2426 —

  • Compass Florida Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2424 Bay Dr #2424/2426

School District:Manatee County School District
NameGradesDistance
Bayshore Elementary School, Bradenton, FL
6120 26th Street West, Bradenton, FL 34207
PK-51 mi
Electa Lee Magnet Middle School
4000 53rd Avenue West, Bradenton, FL 34210
6-82.1 mi
Bayshore High School
5401 34th Street West, Bradenton, FL 34210
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2424 Bay Dr #2424/2426 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2025
Price Increased
$4,300,000
22.86%
MLS
4/17/2025
Listed
$3,500,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass Florida Llc

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2424 Bay Drive #2424/2426, Bradenton, FL 34207 (MLS# A4648852) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 2424 Bay Drive #2424/2426 is currently listed for $4,300,000 and was received on April 17, 2025. Want to learn more about 2424 Bay Drive #2424/2426? Do you have questions about finding other Multi-Family real estate for sale in Bradenton? You can browse all Bradenton real estate or contact a Coldwell Banker agent to request more information.

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