$12,000,000

653 Mandalay Avenue

Clearwater, FL 33767

Active
0
Baths
4,360
Sq Ft
0.36
Acres
1948
Built
$1,085/sqft360° tour

About this home

Located on beautiful Clearwater Beach. Everything has been updated. 22 unit motel on main thoroughfare with pool. Two - 2 story buildings on a 1/3 of an acre. Across the street from the beach access.

Estimated monthly payment

$68,610/mo

Principal & interest$60,679
Property taxes$2,431
Home insurance (est.)$5,500

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history941 days on market

  1. Status: Active
    Jun 2, 2025
  2. Listed$12,000,000
    Sep 26, 2023
  3. Price increased$12,000,000

Virtual Tour

Facts & features

Property type
Commercial Sale
Sub type
Hotel/Motel
Status
Active
Days on market
941
Subdivision
Mandalay Unit 5
County
Pinellas
Year built
1948
Living area
4,360 sq ft
Price/sq ft
$1,085
Building area
11,056 sq ft (Public Records)
Lot size
15,655 sq ft
Lot category
1/4 to less than 1/2
Flood zone
AE (12103C0102H)
Annual taxes
$29,175 (2022)
Parcel #
05-29-15-54747-084-0060
MLS #
U8215120

Heating & Cooling

Heating
Central
Cooling
Other

Parking

Parking features
Parking Spaces - 13 to 18

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash, Conventional
Ownership
Sole Proprietor

Exterior & Construction

Construction materials
Block
Foundation
Slab
Road surface
Asphalt, Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
BB/HS Internet Capable, Electricity Available, Water Connected

Listing Details

Listing date
2023-09-25
On market date
2023-09-26
Original list price
$12,000,000
MLS area
33767 - Clearwater/Clearwater Beach
Listing AOR
Pinellas Suncoast
Status changed
2025-06-02
Tax legal description
MANDALAY UNIT NO. 5 BLK 84, LOTS 5 & 6 & N 1/2 OF LOT 4

Location

Flood zone
AE(12103C0102H)

Directions

West on Memorial Causeway to roundabout - head north on Mandalay to address on the right.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of May 21, 2026 at 12:33 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA