$8,900,000

Description

Located in Southwest Bradenton along Cortez Road, this offering presents a rare opportunity to acquire approximately 58 acres for a high-end luxury residential development project. The property is fully-entitled for 148 units with Final Site Plan approval for 44 townhomes and 104 apartment-style condominiums. These units may be for rent or for sale. The townhomes average 2,400 square feet and include two covered parking spaces per unit and the condominiums average 1,100 square feet. The approved development features amenities such as a resort-style pool, grilling areas and a fire pit. A standout feature of the property is nearly 3,000 feet of shoreline along Palma Sola Bay, situated within a dedicated nature preserve, which provides a tranquil environment for residents. With prime frontage on Cortez Road, the site benefits from strong visibility and an average daily traffic count of approximately 30,500 vehicles. It is located less than three miles from Bradenton Beach and offers convenient access to US-41 (Tamiami Trail), IMG Academy and the site is a quick twenty-minute drive to Sarasota-Bradenton International Airport, which offers nonstop flights to 56 destinations as of May 2026. Major retail centers in close proximity are the Paradise Bay Shopping Center, which features Marshalls, Home Goods, Starbucks and First Watch, along with the long-awaited SeaFlower development, which will include Publix, Whataburger, Dutch Bros Coffee, and Potbelly Sandwich Works, among other retailers and restaurants, a brewery, hotel and luxury apartments in Phase I. The surrounding area is known for its recreational amenities, including the Bradenton Gulf Islands, nature preserves with kayaking, walking and biking trails, and several high-end golf courses, including Bradenton Country Club and Sara Bay Country Club.