628 MANDALAY AVE

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.

MLS ID#

MFRTB8333496

Price

$7,900,000

Status

Active

Bedrooms

0

Bathrooms

0

Full Baths

N/A

Half Baths

N/A

Square Footage

7,326 sqft

Acres

0.3000

Year Built

1935

Type

Residential Income

Subtype

Multi-Family

Style

N/A

Address

628 MANDALAY AVE

Subdivision

Clearwater Beach Rev

City

Clearwater Beach

County

Pinellas

State

FL

Zip Code

33767

Senior Community

No

Amenities

N/A

Parking

N/A

View

No

Waterfront

No

Pool

No

Interior Features

Living Room/Dining Room Combo

Heating

Central, Electric

Cooling

Central Air

Flooring

N/A

Fireplace

N/A

Stories

N/A

Appliances

N/A

Exterior Features

Fence, Sidewalk

Construction

Block, Wood Frame, Concrete

Foundation

Slab, Pillar/Post/Pier

Roof

Shingle

Fencing

N/A

Lot Features

Paved, Corner Lot, Near Public Transit, City Limits, FloodZone, Near Marina, Flood Insurance Required

Elementary

N/A

Middle

N/A

High

N/A

Date Listed

January 6, 2025

Days on Market

36

Zoning

N/A

Direction Faces

N/A

New Construction

No