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    Belleair Condo with Water Views Title is generated by Realmo AI

    8 BELLEVIEW BOULEVARD 408, Belleair, FL 33756

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    For Sale
    $685,000

    Spacious condo in Belleair with Intracoastal and Gulf views.

    Type:Condo/Townhome
    Property size:
    1,754 SF
    Price / SF:
    $390/SF
    Added:
    Mar 23, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 12:40 am

    Property Features for 8 BELLEVIEW BOULEVARD 408

    General Information

    Standard status
    Active
    Size
    1,754 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1981

    We can help!

    Listing Contact
    Mary Kvam

    Listing agent Mary Kvam License #3403671

    Listing office COLDWELL BANKER REALTY

    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 COLDWELL BANKER REALTY

    HighLights

    • Panoramic views of Intracoastal, Clearwater Bay, Gulf of Mexico, and sunsets.
    • Access to Belleair Country Club amenities (fine dining, fitness center, tennis, pickleball, golf) with reduced wait time for golf membership.
    • 24‑hour guarded security gate.
    • Completely painted and renovated common areas (lobby, pool, clubhouse).
    • In‑unit full‑size washer and dryer.
    • Hurricane shutters.

    Overview

    This condominium is located in the town of Belleair, within the Belleview Biltmore community, near the Belleview Inn and Belleair Country Club. The two-bedroom, two-bath unit has been freshly painted and offers north and northwest views of the Intracoastal, Clearwater Bay, the Gulf of Mexico, and sunsets. Both bedrooms and the living room provide access to the balcony. The unit includes a full-size washer and dryer, as well as hurricane shutters. The building's first-floor main lobby and garage lobby have been professionally renovated. South Garden 8 features a renovated pool and pool area with an outside shower and clubhouse. A 24-hour guarded security gate provides security. The country club offers social and golf memberships, including fine dining, a fitness center, tennis courts, and pickleball courts. Owners in the community benefit from a reduced wait time for golf membership. The property is also located minutes from downtown Belleair and Belleair Bluffs, with restaurants, shopping, and beach access. The property size is 1754 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleair
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8122171
    Latitude
    27.9435629

    FAQs

    What type of property is this?
    Residential income property - Spacious condo in Belleair with Intracoastal and Gulf views.
    Where is this residential income property located?
    The property is located at 8 BELLEVIEW BOULEVARD 408 Belleair, FL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Panoramic views of Intracoastal, Clearwater Bay, Gulf of Mexico, and sunsets.; Access to Belleair Country Club amenities (fine dining, fitness center, tennis, pickleball, golf) with reduced wait time for golf membership.; 24‑hour guarded security gate.
    (727) 581-9411
    We can help!
    Listing Contact
    Mary Kvam
    Real Estate License ID: 3403671
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    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.

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    8 BELLEVIEW BOULEVARD 408, BELLEAIR, FL 33756
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