BRADENTON BEACH - The last open piece of beachfront property on Anna Maria Island will finally be developed following its purchase last week by a firm that pursued the five-lot package for three years.
The 250-foot stretch of beachfront strip, formerly known as the Rosa Del Mar, became the property of 9 Solutions LLC on Nov. 22. The company, owned by Steven Hanson, purchased the land for somewhere under $3.5 million, Hanson said.
“You’re talking about taking something that’s been a derelict piece of land for the best part of 10 years and turning it into five beautiful ‘coastal Caribbean’ single-family homes with tropical landscaping and private pools,” Hanson said. “You’re really taking a piece of coal and turning it into a diamond.”
The land, once listed for sale for $9.2 million, was destined to hold 14 condos back when the now-defunct GSR Development owned it in the mid-2000s. But that company’s demise, and the ensuing collapse of the real estate market, were just the start of a four-year morass that made it difficult to develop the land.