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    Clearwater Beach Resort-Style Condo Title is generated by Realmo AI

    880 MANDALAY AVENUE C710, Clearwater Beach, FL 33767

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    For Sale
    $479,900

    Furnished two-bedroom condo with water views and resort-style amenities.

    Type:Condo/Townhome
    Property size:
    1,090 SF
    Price / SF:
    $440/SF
    Added:
    Mar 24, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 6 at 1:36 am

    Property Features for 880 MANDALAY AVENUE C710

    General Information

    Standard status
    Active
    Size
    1,090 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1962

    We can help!

    Listing Contact
    Jeffrey Borham, PA

    Listing agent Jeffrey Borham, PA License #3115528

    Listing office EXP REALTY LLC

    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 EXP REALTY LLC

    HighLights

    • Direct beach access and resort‑style amenities including a heated Olympic‑sized pool, fitness center, and theater room.
    • Located in the gated, beachfront Regatta Beach Club on Clearwater Beach.
    • Sold fully furnished for an effortless move‑in.
    • Updated kitchen featuring granite countertops, new backsplash, and stainless steel appliances.
    • Includes assigned covered parking and a 4x6 storage unit.
    • Washer and dryer in unit.

    Overview

    Located in the gated, beachfront Regatta Beach Club on Clearwater Beach, this furnished two-bedroom, one-bath condo offers water views. The unit features hardwood floors, an open layout, and crown molding. Large sliding glass doors lead to a balcony. The updated kitchen includes granite countertops, a new backsplash, stainless steel appliances, and cabinet space. A washer and dryer are included within the unit. Both bedrooms feature carpeting. The shared bathroom has a spacious vanity and a tub/shower combo. The property includes an assigned covered parking spot and a 4x6 storage unit. A 2016 AC Air Handler is equipped with a UV light and remote temperature control. Residents have access to a heated Olympic-sized pool, a fitness center, a theater room, and direct beach access. Additional amenities include a game room with a pool table, shuffleboard, a picnic area with outdoor grills, 24-hour security, a community library, a car wash station, and an EV charging station. The property is located near local restaurants, events, and activities. The property size is 1090 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Macgirl Inc Marketing & Advertising Breezin' Weddings on Clearwater ... Wedding Service Kristie Carlino Consulting ... Alternative Medicine Practice Regatta Beach Realty Real Estate Agency The Preview Channel Television Studio

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Accounting Firm Bar & Pub Big Box & Wholesale Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8273236
    Latitude
    27.997656

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    FAQs

    What type of property is this?
    Residential income property - Furnished two-bedroom condo with water views and resort-style amenities.
    Where is this residential income property located?
    The property is located at 880 MANDALAY AVENUE C710 Clearwater Beach, FL.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: Direct beach access and resort‑style amenities including a heated Olympic‑sized pool, fitness center, and theater room.; Located in the gated, beachfront Regatta Beach Club on Clearwater Beach.; Sold fully furnished for an effortless move‑in.
    (866) 308-7109
    We can help!
    Listing Contact
    Jeffrey Borham, PA
    Real Estate License ID: 3115528
    Learn More
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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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    880 MANDALAY AVENUE C710, CLEARWATER BEACH, FL 33767
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