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

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