This gorgeous mixed-use development site is situated in the heart of Palmetto, Florida, just steps from the Manatee River. It is minutes from pristine white-sand beaches, cultural destinations, entertainment and shopping. The property is located directly adjacent to ItWorks! corporate headquarters with over 200 employees and across the street from Regatta Pointe Marina, restaurants and shops. This 3.4+/- acre development site is prime for development that could include a boutique hotel, multifamily, office space or residential condominiums with ground floor or adjacent retail and restaurants, all with water views. Due to the site's proximity to the public boat ramp, the CRA is requiring that a developer design and construct boat trailer parking on a portion of the site to accommodate approximately 20-30 boat trailer spaces.The net developable area will end up being approximately 2.5 - 3 acres. Due to the current split zoning on the property, the Expectation is that a rezone to Planned Development Multi-Use (PD-MU) will be required. Residential density on the site has been increased to 153 units through a recently completed City- initiated Comprehensive Plan Amendment that changed the Future Land Use (FLU) to Planned Community (PC). The City of Palmetto and the Palmetto Community Redevelopment Agency are encouraging development in the Downtown Core by incentivizing projects that bring more activity to the area and accentuate this tremendous waterfront location. Development Incentives may amount to 8-12% of the total development cost paid back to the Developer (City Commission has ultimate discretion on Incentives). **PURCHASE REQUIREMENTS - PLEASE NOTE THAT THE PURCHASE OF THIS PROPERTY IS SUBJECT TO THE FOLLOWING REQUIREMENTS AND STIPULATIONS: * Developer must submit proposal that includes Letter of Intent, Conceptual Plan, and Development Proforma in order to be considered. * Approval of the Development Concept by the Palmetto Redevelopment Agency and City Council prior to contract execution, with requirements of Buyer to fulfill development obligations. * Developer is responsible for constructing boat trailer parking on a portion of the site to accommodate approximately 20-30 boat trailer spaces for future public use. *If a residential project is proposed, a mixed use component of retail, restaurant, and/or office space is required. The southeast corner of the side is limited to non-residential uses.
Directions: From the corner of US 301 and US 41, head west on 10th street west. Turn left on Business 41. Turn right on Riverside Drive. The property will be on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $2,950,000
Tax Information:
Annual Amount: $8
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Palmetto, FL.
This property is $2.5M more than the Median Sold Price in Palmetto, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4631734
Listing Office:
Office Name: SVN COMMERCIAL ADVISORY GROUP
Office Phone: (941) 387-1200
Listing Agent: Tony Veldkamp, CCI
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:19:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 27, 2012
Jan 27, 2012Home Sold
$836,000
Jan 24, 2012
Jan 24, 2012Home Sold
$770,000
Jul 26, 2006
Jul 26, 2006Home Sold
$3,500,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$8
$470,250
2018
-
$457,813
2017
-
$429,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Palmetto Elementary School
1540 10th St W
Distance between this listing and this school0.88 miles
Public District Grades PK-5
2
/10
Ballard Elementary School
912 18th St W
Distance between this listing and this school1.54 miles
Public Magnet Grades PK-5
3
/10
G. D. Rodgers Garden-Bullock Elementary School
515 13th Ave W
Distance between this listing and this school1.78 miles
Public District Grades PK-5
Nearby Schools
1
/10
Just for Girls Middle School
1500 10th St W
Distance between this listing and this school0.85 miles
Public District Grades 6-8
9
/10
Palmetto Charter School
1607 17th St W
Distance between this listing and this school1.16 miles
Public Charter Grades PK-8
7
/10
Rowlett Middle Academy
400 30th Ave W
Distance between this listing and this school2.72 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
Manatee Virtual Franchise (Etech School of Manatee)
1400 1st Ave E
Distance between this listing and this school1.16 miles
Public District Grades 1-12
3
/10
Palmetto High School
1200 17th St W
Distance between this listing and this school1.27 miles
Public District Grades 9-12
5
/10
Manatee School for the Arts
700 Haben Blvd
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $33,402. Most Palmetto, FL residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 834 Riverside Dr
What is the listing price of this property?
The listing price of 834 Riverside Dr property is $2,950,000.
What type of property is this?
The property 834 Riverside Dr is land located in Palmetto, Florida, 34221.
Is this property for sale now?
Active Listing: 834 Riverside Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $8 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 27, 2012 for $836,000. (source: MLS/tax record).
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This home is located at 834 Riverside Dr in Palmetto, FL and zip code 34221. This home sits on a 3.40 acre lot. It has been listed on Rocket Homes since December 08, 2024 and is currently priced at $2,950,000.
Over 6 listings were sold over their listed price in November 2024 in Palmetto, FL. In the same period over 48 listings were sold below the listed price and 32 listings were sold for the listed price. The number of listings in Palmetto, FL increased by 2.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 54 days, the median list price was $388,942.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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