628 MANDALAY AVENUE
Clearwater Beach, FL 33767
7902 sqft | 0.30 acres | #TB8333496
Description
Discover a unique opportunity to own three desirable parcels of land on stunning Clearwater Beach, a premier tourist destination renowned for its beautiful white-sand beaches and vibrant atmosphere. This prime location boasts high demand for vacation rentals, making it an ideal investment for those looking to capitalize on the flourishing rental market or scoop up land for a development.
Spanning a total of 0.30 acres, the property currently features 11 well-maintained rental units, comprising a charming 5-unit apartment building, two inviting duplexes, and two standalone cottages. Each unit offers a cozy retreat for guests, enhanced by sought-after amenities such as a relaxing hot tub and a communal outdoor space that encourages socializing and relaxation.
Situated just 100 steps from the beach, this property is perfectly positioned for vacationers, being a mere 6 blocks north of the iconic Pier 60, and only 3 blocks from the beloved Frenchy’s Rockaway. Guests will enjoy easy access to sun-soaked shores, lively entertainment, and delicious dining options.
Notably, this property was untouched during the 2024 hurricane season, ensuring peace of mind for future owners. With the potential for further development on the expansive 0.30 acres, this is an exciting opportunity for investors to enhance or expand the existing rental portfolio or create a brand-new venture that could meet the ever-growing demand for accommodations in this bustling tourist hotspot.
Clearwater Beach, Florida, is renowned for its stunning white sandy shores and crystal-clear waters, making it a prime destination for beach lovers. Voted America's Best Beach multiple times, it boasts a vibrant atmosphere with a variety of dining, shopping, and recreational activities. Visitors can enjoy long walks on the beach, morning jogs on the Beach Walk, water sports, and stunning sunsets, all contributing to its reputation as a top vacation spot.
Don’t miss out on this rare chance to invest in a thriving market on Clearwater Beach—where every day feels like a vacation! Contact us today to learn more about this incredible property and the possibilities it holds.
Property Details
- Lot DescriptionCorner Lot, Flood Insurance Required, FloodZone, City Limits, Near Marina, Near Public Transit, Paved
- Utility FeaturesElectricity Connected, Public, Sewer Connected, Water Connected
- InteriorLiving Room/Dining Room Combo
- FoundationPillar/Post/Pier, Slab
- SubdivisionCLEARWATER BEACH REV
- Exterior MaterialsFence, Sidewalk
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$7,900,000
- MLS #TB8333496
- MLS #TB8333496
- CountyPinellas
- Taxes Annual$40,867
- Cost7900000
- Utility SourcePublic
- Square Feet7902
- Year Built1935
- Acres0.3
- Pets AllowedYes
- Days on Market (Cumulative)11
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Renaissance Realty Main
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Evan Pedone (#MFR260042669)
Listing Office: ENGEL & VOLKERS MADEIRA BEACH (#MFR283504628)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
