1000 Riverside Drive Unit B501, Palmetto, FL 34221

$250,000
3
BD
3
BA
2,475
SqFt

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Sold Price
$250,000
List Price
$300,000
Status
Sold
Days on Market
237
Closing Date
Jan 15, 2026
MLS#
A4649355
Property Style
Condo
Architectural Style
Florida
Year Built
1984
Bedrooms
3
Bathrooms
3
Baths Half
1
Living Area
2,475
Lot Size
36,691
Acres
0.84
Total Acreage
1/2 to less than 1
Building Name
B501
Monthly Condo Fee
1592
Legal Subdivision Name
Regatta Pointe Ph I
Community Name
Regatta Pointe Condo
MLS Area Major
Palmetto/Rubonia

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.

Additional Information

Taxes
$12438
Minimum Lease
1 Month
Maintenance Includes
Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
Condo Fees
$1592
Condo Fees Term
Monthly
Location
Level, Near Marina, Near Public Transit
Community Features
Buyer Approval Required, Community Mailbox, Deed Restrictions, Fitness Center, Pool, Maintenance Free
Property Description
Two Story
Zoning
CG
Interior Layout
Eat-in Kitchen, Thermostat, Walk-In Closet(s)
Interior Features
Eat-in Kitchen, Thermostat, Walk-In Closet(s)
Floor
Carpet, Concrete, Tile
Appliances
Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Washer
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Sliding Doors, Storage
Roof
Metal
Foundation
Slab
Pool
Community
Garage Carport
2 Car Garage
Garage Spaces
2
Garage Features
Assigned, Ground Level, Basement
Water Name
Manatee River
Water View
Marina, River
Pets
Allowed
Max Pet Weight
20
Pet Size
Small (16-35 Lbs.)
Floor Number
5
Flood Zone Code
X500
Parcel ID
3122102100
Legal Description
UNIT B501 REGATTA POINTE CONDO PHASE I PI#31221.0210/0

Listing courtesy of RE/MAX ALLIANCE GROUP. 941-758-7777

Selling Office: FINE PROPERTIES.

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