Welcome to Runaway Bay, a vibrant island style waterfront community in Bradenton Beach, where coastal charm meets exceptional investment opportunity. With weekly rentals permitted, this sought-after destination offers the perfect balance of personal enjoyment and income potential. This beautifully updated 1-bedroom, 1-bath ground-floor condo captures serene lagoon views, complete with the soothing sounds of the fountain just beyond your door. Step inside to a light-filled interior where recent renovations create a fresh, airy coastal feel. Natural light pours through the space, immediately drawing your eyes to the water and enhancing the relaxed island ambiance. The spacious primary suite serves as a peaceful retreat, offering tranquil lagoon views to greet you each morning. Enjoy your coffee or unwind in the evening on the private lanai, ideally positioned for both privacy and picturesque surroundings. Thoughtfully upgraded throughout, this condo is truly move-in or rental ready, featuring hurricane-impact windows and doors, along with updated kitchen and bath finishes, flooring, trim, interior doors, appliances, water heater, and furnishings. Runaway Bay continues to impress with extensive community enhancements, including new roofs and gutters, and a host of resort-style amenities: deeded beach access, a newly built oversized bay front observation and fishing pier, the largest heated pool on Anna Maria Island (recently renovated), refreshed pickleball and tennis courts, shuffleboard, a kayak launch, multiple grilling areas, and a clubhouse with a fitness center currently being revitalized. Whether you're searching for your own island escape or a high-performing vacation rental, this exceptional property delivers the best of both worlds.