Clearwater Beach STR

[Colleen Lex]

Hi everyone,

We're pretty new to all of this!  We have a rental in Ocean City, MD, but were looking to expand into the Gulf Coast of Florida.  We love Clearwater and go at least once a year.  Does anyone have any insight about the condo-hotels, specifically The Camelot or The Coral?

Thanks!

[Dan Maciejewski]

They don't come up for sale often.  And I think the last one I saw was selling at a 4 cap a few years ago.  Most that I've seen aren't very updated.  I haven't looked at them in a while, though.

Depending on your price point, the almost completed JW on South Clearwater Beach is still pre-selling luxury "residences."  They are classed as condo-tels.  They will come fully furnished and ready to go.  They will be money makers for sure.  It's a beautiful property.  And I think the owners get a full month of use -- don't quote me on that, though!.

Also, you may want to consider looking at single family homes a bit farther south. West Central Pinellas does very well. Indian Rocks Beach and Indian Shores if you want a property on the beach island, and unincorporated Seminole and Largo are a bit less pricey on the mainland. They all do very well and are still selling at a very decent ROI.