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$250,000
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Property Description
One or more photo(s) has been virtually staged. Estate property, the Heirs are Motivated Sellers, bring all offers. Milestone inspections are complete, and both buildings have passed; any required repairs will be completed over the next year. The association will repair 6th 6th-floor balcony after engineering bids are completed. A Rare Two-Story Waterfront Penthouse First Time Offered in 37 Years. Discover the pinnacle of Florida waterfront living in this rarely available, two-story corner penthouse at Regatta Point, perfectly situated in the heart of the Palmetto Historic District. From the moment you arrive, you'll be captivated by sweeping panoramic views of the Regatta Point Marina, the Manatee River, and the Bradenton skyline. Designed for both grandeur and comfort, the dramatic two-story foyer with its elegant staircase sets the tone. A charming, hidden wet bar offers a touch of vintage sophistication, leading into the spacious living room and the first of three private balconies overlooking the water. The formal dining room also boasts river views, while the large kitchen features a generous pantry and an adjacent laundry area for convenience. The first floor offers a private ensuite bedroom with balcony access, a flexible third bedroom or den, and a powder room for guests. Upstairs, the expansive owner's suite over 700 square feet, features dual vanities, a jacuzzi tub, a separate shower, two walk-in closets, and a substantial private storage room. Exclusive second-level access is available from the building's sixth floor. Recent upgrades include, 2023 PGT impact sliding doors in the living/dining area, 2022 Second-floor A/C, 2020 PGT impact sliding doors & bath window in the owner's suite. From your front-row vantage point, enjoy year-round events like the Bradenton Area River Regatta, 4th of July fireworks, and concerts at Sutton Park, plus easy access to boating, dining, shopping, and Gulf beaches. Tampa, St. Pete, and Sarasota are just a short drive away. This residence did sustain storm damage and has been fully remediated by the estate, presenting a unique opportunity to reimagine the interiors to your exact vision. Priced to allow for complete renovation by the new owner. Schedule your private showing today and explore the limitless possibilities of this one-of-a-kind penthouse retreat.
Full Property Details
Full Property Details for 1000 Riverside Dr #B501
General
- Sold For: $250,000
- HOA FEE: $1,592/month
- Taxes: $12,438 (2024)
- Status: Closed
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: A4649355
- Added to Site: 272 day(s) ago
Rental Information
- Min. Lease: 1 Month
Interior
- Number of Rooms: 10
- Interior Features: Eating Space In Kitchen, Thermostat, Walk-In Closet(s)
- Appliances: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Washer
- Flooring: Carpet, Concrete, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: Cable TV, Elevator(s), Fitness Center, Maintenance, Pool
Exterior
- Exterior Features: Sliding Doors, Storage
- Deck/Patio: Rear Porch
- Porch/Patio/Deck: Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Assigned, Ground Level, Under Building
Location
- Area: 34221 - Palmetto/Rubonia
- County: Manatee
- Development Name: 34221 - Palmetto/Rubonia
- Subdivision: REGATTA POINTE PH I
- Driving Directions: US 41 in Palmetto, go West on Riverside Dr. Regatta Point is across from the marina and restuarant. Turn into parking lot at the back of the building
- Direction Faces: North
Community
- Community Name: 34221 - Palmetto/Rubonia
- Community Features: Buyer Approval Required, Community Mailbox, Deed Restrictions, Fitness Center, Pool
- Optional Amenities: Cable TV, Elevator(s), Fitness Center, Maintenance, Pool
- Association: Yes
- Assoc. Name: Dennis Parks
- Assoc. Fees Include: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
- Number of Pets: 2
- Pet Restrictions: Follow County leash laws, contact association manager for additional information, / 20lbs.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water District: MANATEE RIVER
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Info: Florida
- Architectural Style: Florida
- Exterior Const.: Block, Stucco
- Roof: Metal
- Stories/Levels: Two
- Square Feet: 2,475
- Sq. Ft. Source: Public Records
- Living Area: 2,475 Sq. Ft.
- Year Built: 1984
Lot Features
- Property View: Water
- Lot Size (Acres): 0.84
- Lot Size (Sq. Ft.): 36,691
- Lot Size: 36691
- Street/Road Desc.: Asphalt
Water Features
- Water View: Yes
- Water Front Name: MANATEE RIVER
Financial Considerations
- Assoc Fee Desc.: None
- Condo Fee: $1,592
- Condo Fee Freq: Monthly
- Tax Amount: $12,438
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: UNIT B501 REGATTA POINTE CONDO PHASE I PI#31221.0210/0
- Flood Zone Info: X500
- APN: 3122102100
- Property ID: 3122102100
- Block/Lot/Section: 501
Listed by Re/Max Alliance Group
Sold by Fine Properties
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Schools
Schools serving 1000 Riverside Dr #B501
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
Palmetto Elementary School, Palmetto, FL 1540 10th Street West, Palmetto, FL 34221 | PK-5 | 0.8 mi |
Palmetto High School 1200 17th Street West, Palmetto, FL 34221 | 9-12 | 1.3 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 1000 Riverside Dr #B501
Date
Details
Price
Change
Source
1/15/2026
Sold
$250,000
-16.67%
MLS
10/31/2025
Price Reduced
$300,000
-23.08%
MLS
8/26/2025
Price Reduced
$390,000
-21.21%
MLS
7/08/2025
Price Reduced
$495,000
-10%
MLS
4/21/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1000 Riverside Drive #B501, Palmetto, FL 34221 (MLS# A4649355) is a Condo property that was sold at $250,000 on January 15, 2026. Want to learn more about 1000 Riverside Drive #B501? Do you have questions about finding other Condo real estate for sale in Palmetto? You can browse all Palmetto real estate or contact a Coldwell Banker agent to request more information.

