#U8255576, Cammie Whalen, Listing Office: ENGEL & VOLKERS BELLEAIR
628 Mandalay Ave Clearwater Beach, FL 33767
$7,900,000 List price
0 beds
7,326 sqft
0.3 acres
$1,078 / sqft
Multi-Family
Property details
About 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.
Highlights
Home typeMulti Family
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size7,326 sqft
Lot size0.3 Acres
Year built1935
ParkingGround Level
MLS #TB8333496
Virtual tour
Summary
- MLS Number: TB8333496
- MLS Name: MFRMLS
- Office Name: ENGEL & VOLKERS MADEIRA BEACH
- Office Phone: (727) 394-7365
- Listing Agent: Evan Pedone
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 2/8/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$7,900,000
628 Mandalay Ave
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Price information
Property sales
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Tax history
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Nearby schools
5
Sandy Lane Elementary
Public District PK-5
2.8 mi
•1360 Sandy Ln
10
Curtis Fundamental Elementary School
Public Magnet KG-5
2.8 mi
•531 Beltrees St
7
Kings Highway Elementary Magnet School
Public Magnet PK-5
3.0 mi
•1715 Kings Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,189. Typical income of Clearwater Beach, FL residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
18%
<35k
56%
35k-100k
11%
100k-200k
15%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
60%
Single, No Kids
4%
Single, with Kids
31%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
11%
18-34 yrs old
56%
35-64 yrs old
26%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
PGA/LPGA
Soccer
Where do the neighbors shop?
Chico's
Stein Mart
Forever 21
Where do the neighbors go to eat?
Boston Market
Bonefish Grill
Dominos Pizza
What do the neighbors drive?
Volvo
Lincoln
Mazda
What do the neighbors listen to?
Talk/Personality
Classical
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 628 Mandalay Ave in Clearwater Beach, FL and zip code 33767. This 7,326 square foot home, which was built in 1935, sits on a 0.30 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $7,900,000.
Clearwater Beach, FL housing market in January 2025 saw over 0 listings sold above listed price, more than 3 sold at listed price and over 22 sold below. The inventory of homes for sale in Clearwater Beach, FL between December and January 2025 increased by 17.4%. While the average time on the market in January 2025 was 73 days, the median list price was $754,500.
From Rocket Homes Real Estate and based on county public records data.