$390,000
$160K PRICE DROP

1000 Riverside Dr Unit B501 Palmetto, FL 34221

Estimated payment $4,200/month

Total Views 5,865
3 Beds
2.5 Baths
2,475 Sq Ft
$158 Price per Sq Ft

Highlights

  • Marina View
  • Property is near a marina
  • Property is near public transit
  • Fitness Center
  • 0.84 Acre Lot
  • Florida Architecture

About This Home

One or more photo(s) has been virtually staged. 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.

Listing Agent

Gregory Zies

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-758-7777 License #3332611 Listed on: 04/21/2025

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

HOA Fees

  • $1,732 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Ground Level Parking
  • Assigned Parking

Property Views

  • Marina
  • River

Home Design

  • Florida Architecture
  • Entry on the 5th floor
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,475 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property is near a marina
  • Outdoor Storage
  • Rear Porch

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • North Facing Home
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, internet, maintenance structure, ground maintenance, management, pest control, recreational facilities, sewer, trash, water
  • Dennis Parks Association, Phone Number (813) 955-5885
  • Visit Association Website
  • Regatta Pointe Condo Community
  • Regatta Pointe Ph I Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Amenities

  • Elevator
  • Community Mailbox

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,732 per month

Parking

2

Listing Details

  • HOA Fee 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
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2475
  • Lot Size Acres: 0.84
  • New Construction: No
  • Year Built: 1984
  • Building Area Total: 2955
  • Lot Size Sq Ft: 36691
  • Directions to Property: 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
  • Status: Active
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 5
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 157.58
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Property Description: High Rise,Penthouse
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-758-7777
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Concrete, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Eat-in Kitchen, Thermostat, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 1000
  • Living Area Meters: 229.93
  • Room Count: 10

Exterior Features

  • Direction Faces: North
  • Exterior Features: Sliding Doors, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Water Body Name: MANATEE RIVER
  • Waterfront: No
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View: Marina,River
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0164F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Ground Level, Basement

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Mailbox, Deed Restrictions, Fitness Center, Pool
  • Association Amenities: Cable TV, Elevator(s), Fitness Center, Maintenance, Pool
  • Association Name: Dennis Parks
  • Phone: 813-955-5885
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Follow County leash laws, contact association manager for additional information
  • Association Fee Requirement: None
  • Building Name Number: B501
  • Condo Fees: 1732
  • Condo Land Included YN: 1
  • Max Pet Weight: 20
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: dparks@vanguardmanagementgroup.com
  • Monthly Condo Fee Amount: 1732
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: vanguardmanagementgroup.com

Fee Information

  • Total Annual Fees: 20784.00
  • Total Monthly Fees: 1732.00

Lot Info

  • Zoning: CG
  • Parcel Number: 3122102100
  • Additional Parcels: No
  • Lot Features: Level, Near Marina, Near Public Transit
  • Flood Zone Code: X500
  • Homestead YN: 0
  • Lot Size Square Meters: 3409

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please see condo docs or association manager for further information

Tax Info

  • Tax Annual Amount: 12438
  • Tax Block: 501
  • Tax Book Number: 1209-384
  • Tax Lot: 0

Multi Family

  • Approval Process: Please see condo docs or association manager for further information

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,438 $552,500 -- $552,500
2024 $12,438 $624,750 -- $624,750
2023 $11,868 $586,500 $0 $586,500
2022 $4,497 $242,361 $0 $0
2021 $4,256 $235,302 $0 $0
2020 $4,364 $232,053 $0 $0
2019 $4,269 $226,836 $0 $0
2018 $4,201 $222,606 $0 $0
2017 $3,945 $218,027 $0 $0
2016 $3,901 $213,543 $0 $0
2015 $3,848 $212,059 $0 $0
2014 $3,848 $210,376 $0 $0
2013 $4,114 $227,377 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Price Changed $390,000 -21.2% $158 / Sq Ft
07/08/2025 07/08/25 Price Changed $495,000 -10.0% $200 / Sq Ft
04/21/2025 04/21/25 For Sale $550,000 -- $222 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: A4649355

Stellar MLS

APN: 31221-0210-0