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One entire beach city block on nearly a 1/3 of an acre (3 parcels) only 100 steps to #1 rated Clearwater Beach. Established business of 20 years with 11 vacation rentals in 5 buildings main thoroughfare in the highly desired North Beach tourist district. Center courtyard with deck and grill. 2 hot tubs, and outdoor showers. Sheds for laundry and linens.
Located in the tourist district of Clearwater Beach on 3 parcels to be sold together for a reduced price of $5. 5M!
Clearwater Beach is known for it's soft powdery sand, which gets raked by a tractor twice daily. Outdoorsy activities like walking over the bridge, photography, bird watching, and dolphin sightings make life more enjoyable. Walk to a variety of restaurants and cafes like Clear Sky, Frenchy's, Alba's pizza and cafe, Sol, Ben and Jerry's, and Hogan's Hangout. Find different festivals every weekend like the annual Beachwalk, Sugar Sand Festival, Super Boat Races, and Frenchy's Stone Crab Fest. From Concerts to Fireworks, and even Marathons and Sporting Events, you will never get bored. Wake up and have a morning jog on the sand, or walk as you witness birds fly by, and watch the sunrise (and moon set) and parasailing. Whether you enjoy bike riding, roller blading, or even golf carts, and nature watching, there is never a dull moment. There is even a 24 hour gas station and fire station. Mc Kay Park has new equipment more equipment to bring a smile to everyone. World Famous Sunsets at Pier 60 with out door movie nights, live entertainers, from artists to jugglers, we've got you covered. You could even witness the coast guard planes doing training exercises. The Pier is also known for it's marina, with various boats an activities.
The World Famous Clearwater Marine Aquarium is a local attraction, where several movies have been filmed. Do you love live performances? There is a comedy club at Pelican Plaza on Mandalay Ave. It's only a short drive to to theatres with live productions at Coachman Park, The Capitol Theatre, The Francis Wilson Playhouse, Ruth Eckerd Hall, and SPC. Spring Training always attracts people from other areas. There are at least 5 libraries in Clearwater, and they have daily classes where you sign up for anything from arts and crafts to yoga. Community Pool is within a short walk, with tennis courts, basketball courts, corn hole, and bocce ball nearby. There is also a boat ramp, kayaking and paddleboarding. There are golf courses and Yacht Clubs nearby. The Clearwater Beach Causeway, Sand Key Bridge, and the Pinellas Trail provide breathtaking sights everyday. You only live once, so choose a lifestyle that enables you to have the quality of life that you are looking for. You only live once!
Being in the tourist district, this property could also be developed into condos or overnight lodging.
Please check with the city of Clearwater for more information.
The 3 parcels are to be purchased together and the addresses are as follows:
628 Mandalay Ave
640 Mandalay Ave
644 Mandalay Ave
This is your chance to feel like you are playing Monopoly by owning one whole entire city block, from Glendale Street to Idlewild Street!
A tropical, walkable, pet friendly environment, where people save up all year long to vacation here.
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William Raveis Real Estate
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,400,000 | $4,400,000 | $4,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.806% |
| Monthly Tax Payment | $1,985 | $1,985 | $1,985 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $24,297 | $25,677 | $36,244 |
| Total Monthly Payment | $26,407 | $27,787 | $38,354 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.