Clearwater Beach waterfront apartment property listed in 'fire sale'

A Clearwater Beach investment property is on the market in what a broker calls, in all capitals, a fire sale. 

The property is a six-unit multifamily apartment building at 185 Brightwater Drive. It is on Clearwater Bay facing the Intercoastal Waterway, about six blocks from the beach. 

According to a marketing email from Doug Thaler with Tampa-based Cambridge Capital Partners, the property suffered hurricane damage on the first floor and there was no insurance. 

It is also, according to the flyer, in pre-foreclosure. (Court records show foreclosure proceedings began April 15 and that payments haven’t been made since November. Fannie Mae, in its complaint, says it is owed $942,034.90 as of March 31). 

The listing price is $1.5 million. 

Pinellas County property records show the owner is a Monrovia, California LLC that paid $1.35 million for it in 2016.