1000 Riverside Drive B501 Palmetto, FL 34221
Sold
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Re/Max Alliance Group - Contact:  941-758-7777

  1000 Riverside Drive B501 Palmetto, FL 34221

Sold on 01/15/2026
$250,000 (USD)
3
BED
3
BATH
2,475
SQFT

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.

Sold Date:
01/15/2026
Taxes
$12,438(2024)
Lot Size
0.84 acres
Type
Condo
Year Built
1984
Style
Florida
Views
Water
County
Manatee County

Listed By

Gregory Zies, Llc, Re/Max Alliance Group, Contact: 941-758-7777
Bought with
Julie Pieczonka, Fine Properties
Source
STELLAR
Last checked Oct 23 2026 at 5:21 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
  • Half Bathroom: 1
Interior Features
  • Walk-In Closet(s)
  • Appliances: Dishwasher
  • Appliances: Electric Water Heater
  • Appliances: Washer
  • Appliances: Dryer
  • Appliances: Built-In Oven
  • Appliances: Cooktop
  • Thermostat
  • Eat-In Kitchen
Subdivision
  • Regatta Pointe Ph I
Lot Information
  • Level
  • Near Public Transit
  • Near Marina
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Central Air
Flooring
  • Carpet
  • Concrete
  • Tile
Exterior Features
  • Block
  • Stucco
  • Roof: Metal
Utility Information
  • Utilities: Cable Connected, Water Connected, Water Source: Public, Electricity Connected, Sewer Connected
  • Sewer: Public Sewer
Parking
  • Assigned
  • Ground Level
  • Basement
Stories
  • 2
Living Area
  • 2,475 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 31, 2025
Price Changed
$300,000
-23%
-$90,000
Aug 26, 2025
Price Changed
$390,000
-21%
-$105,000
Jul 08, 2025
Price Changed
$495,000
-10%
-$55,000
Apr 14, 2025
Listed
$550,000
-
-
Additional Information: Re/Max Alliance Group | 941-758-7777
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 10/23/26 10:21
Based on information submitted to the MLS GRID as of 10/23/2026 17:21. 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.