Magnate Realty LLC
Listed by Magnate Realty LLC
$2,850,000
Rare Clearwater Waterfront Redevelopment on Island Estates
Details
APN 08-29-15-85159-000-0002
Property Type Land
Sub Type Residential
Square Footage 32,599
Broker Co-Op True
Buildings 1
Acreage 0.750
Zoning MDHR-NCOD-Future Land Use Residential High
Investment Type Redevelopment
Ownership Clipper Cove Condominium Association & Cutters Cove Condominium Association
Prime Waterfront Redevelopment Opportunity Potential for up to 22 Luxury Units
Marketing description
A rare waterfront land parcel situated on the shores of Clearwater Harbor within the prestigious Island Estates community, one of Clearwater's most exclusive waterfront neighborhoods. Entitled for up to 22 residential units under MHDR-NCOD zoning with a Future Land Use designation of Residential High, this 0.75-acre (32,569 SF) site features direct Clearwater Harbor frontage with potential for boat slips, and represents one of the last remaining developable parcels of meaningful scale in the submarket.
Investment highlights
- Entitled for up to 22 residential units under MHDR-NCOD zoning — density secured
- Future Land Use: Residential High (RH) — supports condominium or townhome redevelopment
- 0.75 acres / 32,569 SF in Island Estates, one of Clearwater's most supply-constrained market
- Tampa–St. Petersburg–Clearwater MSA — one of the fastest-growing metros in the U.S.
- Demolition-ready existing structure-economically justified under FEMA'S 50% Rule (Zoned AE)
Listing Contacts
Magnate Realty LLC
Listed by Magnate Realty LLC
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Zoning
MHDR-NCOD/IE OverlayMedium High Density Residential And Island Estates Neighborhood Conservation Overlay District
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View all 77 uses
View all 77 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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