At the beginning of 2021, the outlook for the Manatee County housing market was uncertain. A few months later, however, rising values and strong demand turned Bradenton into a red-hot real estate market, which means that prospective buyers are more likely to get into bidding wars for select listings. Fortunately, house hunters can still find affordable options such as Bayshore on the Lake, an established condominium in south Bradenton where you can find units listed for less than $43K in 2021.
Bayshore on the Lake is located west of the Tamiami Trail and north of Cortez Road. As its name indicates, this low-rise condominium of about 800 units sits along a large lake, which means that you have a good chance of finding units that provide serene water views from covered lanais. To a great extent, this condo neighborhood is the sister community of Bayshore Gardens of Bradenton because they share the same developers.
Most of the residential sections in this community are restricted to 55+ ownership. Building C does not have any age restrictions, so be sure to look for that when evaluating listings. The units listed below $50K tend to have one bedroom and about 789 square feet of living space. More spacious floor plans with two bedrooms and 1.5 bathrooms can be negotiated for less than $100K, and some larger units with three bedrooms come on the market from time to time. Each condo section has its swimming pool and clubhouse with fitness center.
Quite a few homeowners in this community start off as seasonal residents before making a permanent move to Southwest Florida; in fact, some real estate investors occupy their units for two full years before offering them as long-term vacation rentals that last a minimum of three months. Bayshore on the Lake offer great rental income potential because Bradenton Beach is an easy 15-minute drive down Cortez Road. Downtown Bradenton and the riverfront district are even closer. You can find just about everything you need in terms of household shopping at the nearby Western Way shopping center, which is anchored by Best Buy, Lowe’s, Olive Garden, Burlington, and quite a few other stores as well as restaurants.
Amenities of Bayshore on the Lake in Bradenton
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(all data current as of 11/29/2022)
Listing information deemed reliable but not guaranteed. Read full disclaimer.