Active
628 MANDALAY AVE
CLEARWATER BEACH FL, 33767
$7,900,000
$1,078.35 per sqft
Active
7,326 sqft
Multi-family
Built in 1935
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.
TB8333496
MLSⓇ ID
January 6, 2025
Listed
January 16, 2025
Updated
Map
628 MANDALAY AVE
CLEARWATER BEACH FL, 33767
Interior Features
Interior Features
Living Room/Dining Room Combo
Laundry Description
Inside
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.3 Acres
Exterior Features
Fence, Sidewalk
Lot Features
Corner Lot, Flood Insurance Required, Flood Zone, City Limits, Near Marina, Near Public Transit, Paved
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
33767 - Clearwater/Clearwater Beach
Taxes
$40,867
Tax Frequency
Annually
Days on Market
9
Association Fee Frequency
Monthly
Garage
No
Parking
Ground Level
View
No
County
Pinellas
Municipality
29
Water Source
Public
Pool
No
Listed by ENGEL & VOLKERS MADEIRA BEACH
Listing Contact: 727-394-7365
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Data last updated 1/16/2025, 2:37 AM UTC