Clearwater Beach parcel next to luxury development up for sale

A piece of commercial waterfront land on Clearwater Beach is up for sale. 

The piece of property is a 0.49-acre parcel right off of Causeway Boulevard facing Mandalay Channel and looking east toward Island Estates and downtown Clearwater beyond it. It is a few blocks from the actual beach and next door to the 91-room CW Resort under construction. 

According to the listing, the asking price for the parcel at 403 E. Shore Dr. is $2.99 million. It was originally marketed at $5.2 million. 

Pinellas County property records show the current owner is Beach Enterprises of Clearwater Inc. which paid $112.300 for it in 1994. 

The listing from a pair of local commercial real estate powerhouses — the Elliot Ross Group and the Eshenbaugh Land Co. — say a beach motel once sat on the property. 

The firms describe it in a flyer as holding “significant potential for redevelopment or as an opportunistic land play.”