← Alpha board
gulf access canal · Bradenton, Manatee County, FL
Gutted/remediated canal-front condos with deeded boat slips, NW Bradenton (Flamingo By The Bay / Palma Sola corridor, 34209)
discoveredevidence: high
screen
model pb-score-v1
Assemble remediated dock-slip condos at boat-slip-value pricing; dock+lift infrastructure is the scarce asset, drywall is cheap.
Asking price
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Suggested offer
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Do-not-exceed
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Renovation range
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Visible scores — no black box
Asset — quality & scarcity78
Alpha — why the market is wrong69
Operating — durable use / income75
Risk — threats to capital (low is good)42
RealtyFund fit67
Composite70
Thesis
Named catalyst
Post-Helene remediated shells at extreme discounts: 10215 Manatee Ave W #2 (48 ft water frontage, boat dock with new lift, fully gutted/remediated) closed 3/26/2026 at $195,000 vs $489,000 original ask; Manatee condo median -11.3% YoY
Revenue strategy
Finish to rental grade, hold
Primary risks
- condo association health/special assessments post-storm
- HOA fees heavy relative to sub-$200K basis
- milestone-inspection surprises in 1969-era buildings
Evidence room
| Source | Kind | Retrieved | Link |
|---|---|---|---|
| MLS A4678290 detail | listing | 2026-08-01 | open → |
| RASM March 2026 | market | 2026-08-01 | open → |
Next action
Qualified opportunities advance to RealtyFund diligence. Rehab routes to HomeManager / Handyman / ServiceEscrow; stabilized operations route to PropertyManagement.