The Avalon, Clearwater Beach
The condo unit with the best view is suddenly available!
May 15, 2020
Hello, Joel Greene from Condo Hotel Center.
I’m writing you because I’ve just been provided an opportunity that won’t last long.
Back in late 2018, I first introduced you to The Avalon, Clearwater Beach. This will be a spectacular condo hotel right on the beach, which is why the developer quickly sold all 34 units.
One of the first buyers in the project, for personal reasons, has decided to sell at this time. And the developer has given him permission.
Condo Hotel Center has been granted the first opportunity to present this to our clients for a short while, so you currently won’t find this listing anywhere else.
The unit that’s available happens to be the absolute best one in the entire property, unit #803, because of its height and position, which offers unobstructed, panoramic views of the beach and the beautiful Gulf of Mexico. It is a 3-bedroom/3.5 bath, 1,874 sq. ft. unit with a large balcony.
The condo finishes already selected for this unit is the contemporary style, which about 80% of buyers seemed to prefer.
You may still choose from two different furniture packages. The more popular contemporary style of furniture is shown in the photo below.
The price of this unit is $1,450,000, and approximately 45% cash down is required at the assignment of the contract. The assignment of the contract can happen as fast as 2-4 weeks. The balance of the price is not due until the property is complete mid-2021.
The best part of owning at The Avalon is the freedom of choice. The developer fought with the city and was able to get zoning that allows owners zero living restrictions at The Avalon. So you can live there year-round. You can also rent out your unit on your own or place it in the management rental program. The Avalon offers:
- 34 fully-furnished luxury boutique condos with hotel-like amenities including rooftop pool with infinity edge waterfall, rooftop bar, fitness center and more
- Easier to obtain financing than comparable condo hotel projects
- No rental restrictions- stay as long as you want, rent your unit on your own or have management rent it for you
- Low rental fees – Mandalay Realty Inc. (est. 2002) will manage rentals for 20% of gross revenue
- Construction is already underway with the foundation and 1st floor already complete.
- The property should be completely finished by June, 2021.
The property itself is only a small parking lot away from being built directly on the sand, and there is so much to see and do in the Clearwater Beach area: The Best of the Best of St. Pete/Clearwater 2020! Also worth noting is that Clearwater Beach has been voted the #1 beach in the U.S. for the past two years.
The area’s occupancy rates jumped last year from 77.8% to 82%. Of course, COVID-19 has had an impact, but Clearwater has been gradually reopening for business. In fact, the developer owns several other rental properties in the area that are already 100% booked the month of June.
Want to know more? Check out my Avalon data sheet.
If you’re interested in The Avalon, but the unit mentioned here is too big or too expensive, drop me a quick line. That way, if another unit should become available, I can let you know immediately.
Want to know more about me? Click below:
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