IDX

Listed by Evan Pedone · Courtesy of ENGEL & VOLKERS MADEIRA BEACH · Agent MLS ID# MFR260042669 · Deemed reliable but not guaranteed. · Listing updated: Feb 12, 2025 · 5:21 PM

628 MANDALAY AVE

Clearwater Beach, Pinellas, FL, 33767

Active

$7,900,000

$1078/sqft

0Beds
0Baths
7,326Sq Ft
1935Built
36Days on Market

About this home

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.

Facts & Features

MFRTB8333496
$7,900,000
Active
0
0
N/A
N/A
7,326 sqft
0.3000
1935
Residential Income
Multi-Family
N/A

Community Information

628 MANDALAY AVE
Clearwater Beach Rev
Clearwater Beach
Pinellas
FL
33767
No

Amenities

N/A
N/A
No
No
No

Interior

Living Room/Dining Room Combo
Central, Electric
Central Air
N/A
N/A
N/A
N/A

Exterior

Fence, Sidewalk
Block, Wood Frame, Concrete
Slab, Pillar/Post/Pier
Shingle
N/A
Paved, Corner Lot, Near Public Transit, City Limits, FloodZone, Near Marina, Flood Insurance Required

School Information

N/A
N/A
N/A

Additional Information

January 6, 2025
36
N/A
N/A
No

Mortgage Calculator

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. ENGEL & VOLKERS MADEIRA BEACH is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

36 days on market

Listing updated: Feb 12, 2025 · 5:21 PM

Listed by: Evan Pedone · 727-459-5543—ENGEL & VOLKERS MADEIRA BEACH · 727-394-7365

Updated from Real Estate Market Data

Location

MAMahmoudAugust Avery

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