600 Bayway Blvd Clearwater, FL 33767
This exceptional 1,850 square foot, fully furnished condo, located at 600 Bayway Blvd Unit 504 in Clearwater, Florida, presents a unique investment opportunity. Built in 2007 and renovated in 2021, this top-floor unit boasts breathtaking panoramic views of Clearwater Bay and includes a private boat lift. The property features three bedrooms, including a sophisticated master suite with floor-to-ceiling windows, balcony access, and a spa-like bathroom with dual vanities, a soaking tub, and a glass-enclosed shower. The open floor plan seamlessly connects the kitchen, dining, and living areas, all bathed in natural light. Recent upgrades include new flooring, an upgraded A/C system, a modern water heater, stylish light fixtures, and fresh paint throughout. Its prime location offers easy access to the award-winning Clearwater Beach and a variety of dining, shopping, and entertainment options. The flexible rental policies make it ideal for Airbnb and vacation rentals, generating a strong pro-forma NOI of $50,000 and a 5.13% pro-forma cap rate. This income-producing property is listed at $975,000, with a price per square foot of $527.03. The APN is 08-29-15-03466-000-5040. This is a turnkey opportunity to own a luxurious waterfront property with significant investment potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.