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One or more photo(s) has been virtually staged. Motivated Sellers, bring all offers. Milestone inspections are complete, and both buildings have passed; any required repairs will be completed over the next year. 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.
Property Details
Price: $390,000
Sq Ft: 2,475
($158 per sqft)
Bedrooms: 3
Bathrooms: 2
Partial Baths: 1
City: Palmetto
County: Manatee
Type: Condominium
Development: Regatta Pointe Ph I
Acres: 0.84
Virtual Tour/Floorplan:
View
Year Built: 1984
Listing Number: A4649355
Status Code: A-Active
Taxes: $12,438.00
Tax Year: 2024
Garage:
2
Pets Allowed: Yes
Interior Features:
Eat-in Kitchen
Thermostat
Walk-In Closet(s)
Amenities:
Cable TV
Elevator(s)
Fitness Center
Maintenance
Pool
Financial Information:
Taxes: $12,438.00
Tax Year: 2024
Exterior Features:
Sliding Doors
Storage
Equipment:
Built-In Oven
Cooktop
Dishwasher
Dryer
Electric Water Heater
Washer
View:
Water
Additional Information:
MLS Area: 34221 - Palmetto/Rubonia
Price per Square Feet: $157.58
Total Floors: 2
Water: Public
Lot Desc.: Level, Near Marina, Near Public Transit
Construction: Block, Stucco
Date Listed: 2025-04-21 13:10:57
Pool: No
Parking: Assigned, Ground Level, Basement
Garage Spaces: 2
Flooring: Carpet, Concrete, Tile
Roof: Metal
Heating: Electric
Cooling: Central Air
Pets: Yes
Sewer: Public Sewer
Amenities: Cable Tv, Elevator(S), Fitness Center, Maintenance, Pool
Map of 1000 Riverside Drive #B501, Palmetto, FL 34221
Listing Courtesy Of: Re/Max Alliance Group
RealtorGregoryZies@gmail.com