Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1540 GULF BOULEVARD 2107 Clearwater Beach, FL 33767

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Two-bedroom condominium with water views and extensive amenities.

    Type:Condo/Townhome
    Property size:
    1,440 SF
    Lot size:
    2.00 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 30 at 1:44 am

    Property Features for 1540 GULF BOULEVARD 2107

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Lot size
    2.00 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Richie Doyle

    Listing agent Richie Doyle License #3037035

    Listing office RICHARD DOYLE REAL ESTATE

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RICHARD DOYLE REAL ESTATE

    Overview

    Ultimar Condominium with Water Views

    This 1440 square foot condominium is located in the Ultimar complex and features water views from the 21st floor. The property includes two bedrooms and two full baths. The master en suite features dual vanities, a walk-in closet, a separate shower, and a full-sized soaking tub. The spacious living and dining room combination provides entertaining opportunities. A dinette area with water views is suitable for casual dining. The complex is a 24/7 security-guarded, gated community. Residents have access to multiple heated pools and spas, including a multi-lane lap pool, several tennis courts, basketball, shuffleboard, and a putting green. Secure gated ramps lead directly to the beach. A state-of-the-art fitness center, steam room, and sauna are available. Residents can enjoy a game of pool or gather around the gas fire pit. The property is located a short drive from Clearwater Beach, Indian Rocks Beach, St. Pete, and Dunedin. Tampa International and St. Pete International Airports are also within a short drive. Restaurants and theaters are nearby, including the restored Capitol Theater and the new Sound amphitheater.
    Location Intelligence

    Current Use by Public Records

    Ultimar Two Condominium ... Condominium Complex Coastal Beach Artworks ... Art Gallery JDi Healthcare Consultant ... Employment Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8370485
    Latitude
    27.9418784

    Nearby Similar for Sale

    • $325,000
      237 SF

      Clearwater Beach Retail Opportunity

      Turnkey business in Clearwater Beach Marina with high foot traffic.
      25 CAUSEWAY BOULEVARD, CLEARWATER BEACH, FL 33767
      View Details
    • $759,000
      1,470 SF

      CLEARWATER BEACH Triplex Investment Opportunity

      Multifamily zoned triplex near Clearwater Beach, great investment opportunity.
      712 MANDALAY AVENUE, CLEARWATER BEACH, FL 33767
      View Details
    • $325,000
      1,350 SF

      Horizon House Condo with Water Views

      Spacious condo with water views and community amenities near Clearwater Beach.
      31 ISLAND WAY 502, CLEARWATER BEACH, FL 33767
      View Details
    • $3,500,000
      2,605 SF

      Luxury Gulf-Front Residence

      Elegant 3-bedroom condo with breathtaking Gulf views.
      11 BAYMONT STREET 902, CLEARWATER BEACH, FL 33767
      View Details
    • $479,900
      1,090 SF

      Clearwater Beach Resort-Style Condo

      Furnished two-bedroom condo with water views and resort-style amenities.
      880 MANDALAY AVENUE C710, CLEARWATER BEACH, FL 33767
      View Details
    • $13,650,000
      10,314 SF

      Clearwater Beach Waterfront Motel

      Waterfront motel with 21 units and renovated heated pool.
      333 HAMDEN DRIVE, CLEARWATER BEACH, FL 33767
      View Details
    • $510,000
      1,150 SF

      Island Walk Condo with Bay Views

      Charming condo with renovated kitchen and stunning Clearwater Bay views.
      690 ISLAND WAY 812, CLEARWATER BEACH, FL 33767
      View Details
    • $7,900,000

      Waterfront Motel Redevelopment Opportunity

      Waterfront motel with redevelopment potential on Clearwater Beach.
      50 ROYAL WAY, CLEARWATER BEACH, FL 33767
      View Details
    • $1,930,000
      1,942 SF

      Updated Beach-Front Condo with Views

      Updated 3-bedroom condo with panoramic Gulf of Mexico views.
      1520 GULF BOULEVARD 1602, CLEARWATER BEACH, FL 33767
      View Details
    • $24,600,000
      18,412 SF

      Clearwater Beach Motel For Sale

      41-unit motel near the beach with heated pool.
      648 POINSETTIA AVENUE, CLEARWATER BEACH, FL 33767
      View Details
    • $599,999
      885 SF

      Income Property Near Clearwater Beach

      Income-producing property with amenities and convenient location near Clearwater Beach.
      1290 GULF BOULEVARD 2004, CLEARWATER BEACH, FL 33767
      View Details
    • $1,999,000
      1,825 SF

      Luxury Sand Key Condominium

      Turnkey condo with water views, modern amenities, and private beach.
      1590 GULF BOULEVARD 501, CLEARWATER BEACH, FL 33767
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom condominium with water views and extensive amenities.
    Where is this residential income property located?
    The property is located at 1540 GULF BOULEVARD 2107 Clearwater Beach, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Unparalleled 21st‑floor water views of the Gulf of Mexico and Inter‑Coastal waterway from multiple terraces.; Direct, secure gated ramp access to Sand Key's pristine white sandy beach.; 24/7 Security Guarded, Gated Community ensuring safety and security.
    (727) 733-8000
    We can help!
    Listing Contact
    Richie Doyle
    Real Estate License ID: 3037035
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!