Some potential game-changers have surfaced in East Manatee recently which could help further boost real estate market activity and generate tailwinds to property values here.
A proposed water park is among the plans which bear watching as these initiatives move forward. Another is the upgraded development of mixed-use River Club Park of Commerce which was approved recently by the Manatee County Commission’s planning board.
Negotiations are expected to start soon on the construction of the planned 20-acre water park called Lost Lagoon at Cypress Creek Blvd. This recreational facility is slated to be developed as part of the county-owned 200-acre Tom Bennett Park just off south of Interstate 75.
Lost Lagoon is envisioned as a state-of-the-art water park comparable in quality (but not in the same scale and size) with Blizzard Beach and Typhoon Lagoon at the Walt Disney World Resort in Bay Lake, Florida. The developers also want the local water park to have a unique old-time Florida feel.
Over a dozen rides have been proposed for Lost Lagoon, including a wave pool, ropes course, several slides and lazy rivers. Expansion plans for the future have also been laid out to include a small format zoo, an amphitheater, aquatic or athletic facilities and mini golf.
Down south of the proposed park, more zest looms at the 249-acre River Club Park of Commerce located on the southeast corner of the intersection of Interstate 75 and SR 70. In October 2014, the county’s planning board recommended approval of the park developer’s petition to upgrade River Club’s overall development plan.
The amendment includes increasing the residential units to 725 from the 500 approved earlier. Part of this increase is the inclusion of a 200-bed assisted living facility. The development plan also consist of commercial retail space (425,000 sq ft), office space (325 sq ft), industrial space (60,000 sq. ft mini warehouse), and a 270-room motel.
River Club Park already hosts several commercial establishments, among them a Walmart outlet and the restaurants Texas Roadhouse and Hungry Howies. Also near the park is the newly constructed 336-unit Ranch Lake Apartments and the Ranch Lake Plaza Shopping Center. Towards River Club’s west are Tara Shopping Center and the Tara Golf & Country Club along with its residential neighborhoods.
Notably, the Tara golf community is a great destination for prospective buyers of affordable Bradenton condos for sale. At its Fairway Gardens, Verandas, and Plantation Gardens neighborhoods, units were sales-listed in May 2015 at quoted prices in the $100s. These residences have floor plans of about 1,000-1,350 square feet, designed with two bedrooms and two baths.
Close to the planned Lost Lagoon Park, Manatee Palms is one of the nearest communities wherein there are occasional listings of Bradenton homes for sale. Located right across a Walmart and just walking distance east of Tom Bennett Park, this community, however, rarely has available properties, with only two recorded sales in 2014. Nearby choices northward are more plentiful at RiverStrand Golf & Country Club where there are some 40 sales listings as of this May at prices ranging from the $100s up to the $600s.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>