Development Site  |   Existing Vacation Rental 

CLEARWATER BEACH 33

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Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All propertyinformation is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

Compass is pleased to offer for sale 331 Coronado Drive, Clearwater Beach, a rare opportunity to acquire a prime development parcel perfectly positioned in world-renowned Clearwater Beach, Florida.

The Property is an existing 5-unit vacation rental property. Existing revenues generated by short-term vacation rentals provide buyers with a unique opportunity to purchase a property with positive cash flow throughout the planning process.

The ±0.18-acre site provides a highly efficient layout, providing symmetrical development options and direct entrances onto Coronado Drive, Clearwater Beach’s primary vehicular artery. The planned design allows a spectacular personal residence, spec home, or luxury short-term vacation rental property. Multi-unit configurations allow for no common interior areas, reducing overall construction costs, management responsibility and operating obligations of a newly developed structure.

The Property offers an excellent market presence located less than 1,000 feet from pristine beaches and walking distance to Clearwater Beach’s newest development area. Situated less than one block from the new 259-room Marriott and across from the Hyatt Regency Hotel and Spa, this site offers individual developers the opportunity to participate in the ongoing development boom associated with the Southern portion of Clearwater Beach. A high number of dining, shopping and entertainment options surround the site, allowing for an authentic vacation experience for visitors.

There is little question as to why Clearwater Beach experiences thriving development activity focused on hospitality, vacation rentals, and second homes. Top travel industry leaders have repeatedly recognized Clearwater Beach as the top beach destination in the US. The area benefits from a continual flow of beach goers and vacationers, providing year-round demand for upscale hospitality and residential units. The recent introduction of vacation rental properties has vastly increased profitability and demand for smaller, more manageable properties - particularly on the Southern end of the Clearwater Beach strip.

Clearwater Beach’s prominence in the Tampa MSA is underscored by its tremendous growth in newly developed buildings and attractions geared towards higher-end visitors. The number of hotel rooms in Clearwater Beach has more than doubled since 2011, with few signs of slowing down as demand swells west from Tampa suburbs. Clearwater Beach’s southern parcels link directly to Tampa and significant employment centers while maintaining a relaxed and luxurious way of life to its residents. These attributes have contributed to the increasing popularity of Clearwater Beach as one of Florida’s most desirable beach enclaves.

The site has conceptual allowances for a variety of potential conforming uses, including a private residence, boutique hotel, vacation rental, or luxury condominium structure. This height and density lie entirely within current zoning, and aggressive developers can likely achieve higher density through direct work with planning and zoning officials. The use-by-right provides for 16 residential units, two commercial spaces totaling ±3,155 square feet, 19 parking spaces, 12 bike parking spaces, a rooftop terrace & resident multipurpose room or lobby.

This opportunity rarely presents a prominent location within one of the country’s top beach destinations. All investors and developers are encouraged to inquire further about the unique opportunity to acquire 331 Coronado Drive in Clearwater Beach.

Develop your vision just steps away from Florida's #1 ranked beach.  Current zoning allows for the ultimate private residence, a multi-unit condo, or a boutique hotel on the island's booming south end.  

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6 STORY BUILDING ABOVE GARAGE15 UNITS + LOBBYTOTAL BUILDING AREA 16,600 S.F.13 PARKING SPACES + 1 H.C.BUILDING HEIGHT 65'AVE. UNIT SIZE 585 S.F.

CONDOMINIUMS

6 STORY BUILDING ABOVE GARAGE6 UNITS + LOBBYTOTAL BUILDING AREA 16,600 S.F.13 PARKING SPACES + 1 H.C.BUILDING HEIGHT 65'AVE. UNIT SIZE 1190 S.F.

SINGLE FAMILY HOME

3 STORY BUILDINGTOTAL BUILDING AREA 8,900 S.F.TOTAL A/C AREA 6,800 S.F.

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The Property offers an excellent market presence located less than 1,000 feet from pristine beaches and walking distance to Clearwater Beach’s newest development area. Situated less than one block from the new 259-room Marriott and across from the Hyatt Regency Hotel and Spa, this site offers individual developers the opportunity to participate in the ongoing development boom associated with the Southern portion of Clearwater Beach. A high number of dining, shopping and entertainment options surround the site, allowing for an authentic vacation experience for visitors.

Brad KuskinFounding Principal (561) 232-7899 brad.kuskin@compass.com

Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All propertyinformation is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.