Updated Condo in Gated
1986 PELICAN LANDING BOULEVARD 1514, Clearwater, FL 33762
First-floor condo with updated features and community amenities.
Type:Condo/Townhome
Property size:
1,035 SFLot size:
13.70 AcresPrice / SF:
$210/SF- Added:
- Mar 23, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 5 at 11:50 pm
Property Features for 1986 PELICAN LANDING BOULEVARD 1514
General Information
- Standard status
- Active
- Size
- 1,035 SF
- Lot size
- 13.70 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing agent Molly Nye License #3101992
Listing office CENTURY 21 BILL NYE REALTY (813) 782-5506
Listing date Mar 23, 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 CENTURY 21 BILL NYE REALTY
HighLights
- Lowest priced condo in The Club at Feather Sound, with no hurricane damage.
- Updated first‑floor unit in a desirable, gated, pet‑friendly community that allows large dogs.
- Enjoy resort‑style community amenities: pool, hot tub, tennis courts, indoor basketball court, fitness center, and grilling area.
- Updated kitchen boasts granite countertops, shaker cabinets, and stainless‑steel appliances.
- Convenient location: close to Tampa International Airport, Indian Rocks Beach, International Plaza, Publix, and dining.
- Spacious primary bedroom with en suite bathroom and flexible space for an office, reading nook, or workout area.
Overview
This updated first-floor condo is located in the gated community of The Club at Feather Sound. The property features a second bedroom suitable for guests or a home office. The kitchen includes granite countertops, shaker cabinets, and stainless-steel appliances, along with a garden window. The open-concept dining and living room combination provides an entertaining space, with sliding glass doors leading to a screened-in patio. The primary bedroom, located at the back of the home, includes additional space that can be used as an office, reading nook, or workout area, along with a private en suite bathroom and two closets. Community amenities include a resort-style pool and hot tub, tennis courts, an indoor basketball court, fitness center, and a covered grilling area. The community is dog-friendly and allows large pets. The condo is located near Tampa International Airport (10 minutes), Indian Rocks Beach (20 minutes), and International Plaza (15 minutes), with nearby access to Publix, Courtside Grill, Starbucks, and various shopping and dining options. The property size is 1,035 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$141.9K
NOI $12,774 @ 9.00% cap · cautious / downside scenario
Moderate
$182.5K
NOI $12,774 @ 7.00% cap · market / base-case scenario
Aggressive
$255.5K
NOI $12,774 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $24.00 |
| − Vacancy | −$1.6k | −$1.56 |
| EGI | $23.2k | $22.44 |
| − OpEx | −$10.5k | −$10.10 |
| NOI | $12.8k | $12.34 |
1,035 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$182.5K
$159.7K – $212.9K
NOI $12,774 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.4K
$254.1K – $338.8K
NOI $20,326 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6604378
- Latitude
- 27.8974841
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - First-floor condo with updated features and community amenities.
Where is this residential income property located?
The property is located at 1986 PELICAN LANDING BOULEVARD 1514 Clearwater, FL.
What is the asking price?
The asking price for this property is $217,500.
What are key features of this property?
This property features: Lowest priced condo in The Club at Feather Sound, with no hurricane damage.; Updated first‑floor unit in a desirable, gated, pet‑friendly community that allows large dogs.; Enjoy resort‑style community amenities: pool, hot tub, tennis courts, indoor basketball court, fitness center, and grilling area.
