628 MANDALAY AVENUE,CLEARWATER BEACH,Pinellas,Residential Income

$ 7,900,000
628 MANDALAY AVENUE, ,
Active

Overview

  • Updated On:
  • January 16, 2025
  • 7,326 ft2

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.

Address: 628 MANDALAY AVENUE
State/County:
Zip: 33767
Country: US

Property Id: 671142
Price: $ 7,900,000
Property Size: 7,326 ft2
Property Lot Size: 0 ft2
Bridge Modification Timestamp: 2025-01-16T02:05:46.293Z
Building Area Total: 7902
CoListAgentFullName: Ashley Pedone
CoListAgentMlsId: 260048703
Co List Office Mls Id: 283504628
Co List Office Name: ENGEL & VOLKERS MADEIRA BEACH
Common Walls: Corner Unit
Construction Materials: Block,Concrete,Wood Frame
Contract Status Change Date: 2025-01-06
Cooling: Central Air
Cumulative Days On Market: 9
Days On Market: 9
Directions: From Gulf to Bay Blvd, head west toward the beach. Continue on Gulf to Bay Blvd until you reach the roundabout at the beach. Take the 1st exit onto Mandalay Ave. Continue on Mandalay Ave for about 0.5 miles. Properties on the left between Glendale St and Idlewild St.
FoundationDetails: Pillar/Post/Pier,Slab
Heating: Central,Electric
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Inside
LeaseConsideredYN: 1
LeaseTerm: >6 Months <12
ListAOR: Pinellas Suncoast
ListAgentAOR: Pinellas Suncoast
ListAgentEmail: [email protected]
ListAgentFullName: Evan Pedone
ListAgentKey: fdb983ae0a849bb8cbccd6f65f0684c3
ListAgentMlsId: 260042669
ListAgentPreferredPhone: 727-459-5543
ListOfficeKey: e3475530cf4e31226821f8f2a5f3908d
ListOfficeMlsId: 283504628
ListOfficeName: ENGEL & VOLKERS MADEIRA BEACH
ListOfficePhone: 727-394-7365
ListingContractDate: 2025-01-06
ListingId: TB8333496
ListingKeyNumeric: 743795425
ListingTerms: Cash,Conventional
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotFeatures: Corner Lot,Flood Insurance Required,FloodZone,City Lot,Near Marina,Near Public Transit
LotSizeArea: 12981
LotSizeDimensions: 100 x 87
LotSizeSquareFeet: 12981
LotSizeUnits: Square Feet
MLSAreaMajor: 33767 - Clearwater/Clearwater Beach
MlsStatus: Active
ModificationTimestamp: 2025-01-16T02:01:33.643Z
NumberOfBuildings: 4
NumberOfUnitsTotal: 11
OnMarketDate: 2025-01-06
OriginalEntryTimestamp: 2025-01-06T21:03:44.613Z
OriginalListPrice: 7900000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: 052915163620040100
ParkingFeatures: Ground Level
PetsAllowed: Yes
PhotosChangeTimestamp: 2025-01-06T21:28:54.621Z
PhotosCount: 43
RoadFrontageType: Street Paved
RoadSurfaceType: Paved
Roof: Shingle
STELLAR_AlternateKeyFolioNum: 052915163620040100
STELLAR_CalculatedListPriceByCalculatedSqFt: 1078.35
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 7900000
STELLAR_FloodZoneCode: AE
STELLAR_ListOfficeContactPreferred: 727-394-7365
STELLAR_ListOfficeHeadOfficeKeyNumeric: 1048177
STELLAR_ListSource: MATRIX
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MinimumLease: No Minimum
STELLAR_MlsMajorChangeType: New Listing
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com,International MLS,Realtor.com,Zillow Rental,SkySlope Offers

Other Features
Fenced
Has Cooling System
Has Heating System
Living Room/Dining Room Combo
Sidewalk
Spa

$ 40,504.86
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 30,629.86

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