Listing Details for MLS #TB8526348
620 Bayway Boulevard Unit 5, Clearwater Beach, Fl

Residential Property - Townhouse in Clearwater Beach

Listing Price: $999,000 (Mortgage Calculator →)Days on Market: 20

Description of Property

NO MINIMUM RENTAL PERIOD • FULLY FURNISHED • DEEDED DEEP-WATER BOAT SLIP! Rare turn key opportunity to own one of Clearwater Beach's few luxury waterfront townhomes permitting SHORT-TERM RENTALS. Boat slip with electric and water—a true boater's paradise! Whether you're seeking a luxury waterfront residence, an unforgettable vacation retreat, or an income-producing investment, this exceptional property offers unmatched versatility. This beautifully appointed 3-bedroom, 3-bath residence seamlessly blends luxury, comfort, and investment potential. The open-concept floor plan features soaring ceilings, abundant natural light, a private elevator servicing all livable levels, multiple waterfront balconies, and breathtaking Intracoastal Waterway views. The gourmet kitchen is appointed with solid wood cabinetry, stone countertops, a breakfast bar, pantry, stainless steel appliances, and an induction range. The spacious primary suite serves as a private retreat with a spa-inspired ensuite featuring dual vanities, a Jacuzzi soaking tub, a separate walk-in shower, and generous closet space. Enjoy the ultimate Florida waterfront lifestyle with a private pool, an oversized garage with a workshop and abundant storage, and direct boating access to the Intracoastal Waterway and the Gulf of America. Notable improvements include tile roof (2021), TPO roof (2022), stainless steel water heater (2021), kitchen appliances (2020/2024), downstairs HVAC air handler and condenser (July 2020), upstairs air handler (2017) with updated condenser, plumbing fixtures and toilets replaced (2020).Just steps from paradise, enjoy a short 1/3-mile walk to the sugar-white sands of world-famous Clearwater Beach, where stunning Gulf views, waterfront dining, boutique shopping, marinas, boat tours, and endless coastal entertainment await. This exceptional residence offers the rare combination of luxury coastal living, premier boating amenities, and outstanding short-term rental potential. The property generated approximately $75,000 in gross rental income in 2023. In 2024, it generated approximately $59,500 in gross rental income (owner usage limited booking/rental income in 2024)The average asking price for a 3 bedroom/3 bath townhouse in this Zip code is $1,778,029. This townhouse is listed at about 56% of the average asking price. There are 5 3 bedroom/3 bath homes between $800,000 and $1,200,000 currently listed for sale in this Zip code. See other listings like this one »