Aqua One Builders, LLC, recently closed a $12 million builder line of credit with American Momentum Bank to help finance the construction of homes in Bradenton’s Aqua by the Bay master-planned development. Specifically, the credit line will enable Medallion Home to build the development’s first community, a gated residential neighborhood called Aqua that will include 104 upscale single-family homes.
Aqua by the Bay is a 529-acre master-planned development located on Sarasota Bay on El Conquistador Parkway (south of 53rd Avenue West). The development will include commercial, retail and residential areas, with plans for 2,384 multifamily units and 510 single-family homes. It will also feature a four-acre crystal lagoon with a floating dock and beach. Residents and guests will be able to swim, paddleboard and kayak in the lagoon. Homebuyers can choose between three models of homes, which range in size from 2,448 to 3,923 square feet. Homes are priced from the $600s.