Phase II of residential construction to bring another 86 homes to Bradenton’s Aqua by the Bay

After selling over 100 homes built in Phase I, Aqua One Builders, LLC, recently closed an expanded $22 million builder line of credit with American Momentum Bank to help finance Phase II of the construction of an additional 86 homes in Bradenton’s Aqua by the Bay master-planned development.

Medallion Home will use the expanded credit line, which was initially capped at $12 million when Phase I started in 2020, to complete Aqua — the development’s first gated residential community. Once finished, Aqua will feature at least 190 upscale single-family homes. There are currently 104 completed homes in the Aqua community, and all have sold.

Aqua by the Bay is a 529-acre master-planned development located on Sarasota Bay, on El Conquistador Parkway south of 53rd Avenue West, near Longboat Key and Anna Maria Island. The community features a 4-acre crystal lagoon with a beach, where residents and guests can swim, paddleboard and kayak. The development will include commercial, retail and residential areas, with plans for 2,384 multifamily units and 510 single-family homes.

“This project is transformational for West Bradenton,” said Carlos Beruff, owner of Medallion Home and one of the partners of Aqua One Builders. “We continue to be excited about this development, as this waterfront land on Florida’s Gulf Coast features breathtaking views of Sarasota Bay and Longboat Key, making this community unique.”

For homes built during Phase II, buyers can choose between five distinctive floor plans, which range from 2,282 square feet to 4,588 square feet. Home prices start at $1 million.

“Phase I went as smoothly as we could have hoped,” said Porter Smith, Tampa Bay market president of American Momentum Bank. “The Aqua community is arguably Medallion Home’s most ambitious project to date and things have gone incredibly well – we’re confident in their ability to execute on Phase II.”

“We wanted to work with American Momentum because we like expanding our relationships and I was impressed with Porter,” Beruff said. “He knew what he was talking about and he got the big picture quickly. He recognized the potential for a longstanding relationship on a project that will dominate West Bradenton for the next 10 to 15 years.”

About American Momentum Bank
American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of June 30, 2025, provides comprehensive products and services for businesses and individuals. American Momentum Bank has 18 full-service banking centers in Texas and eight full-service banking centers in Florida. American Momentum Bank’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. In 2025, Forbes ranked American Momentum Bank as the No. 3 Best Bank in Florida, based on a survey of approximately 26,000 U.S. residents conducted in partnership with market research firm Statista.

About Medallion Home
Medallion Home Gulf Coast, Inc. is a family business and long-time leader in the industry, building homes and neighborhoods since 1984. It is one of the premier semi-custom home builders in the state of Florida. Medallion Home has successfully completed and built-out numerous communities throughout Manatee and Sarasota counties.