Former Clearwater Beach hotel site sells for $2 million

A waterfront lot once the site of a Clearwater Beach hotel has sold and will eventually be redeveloped.

The property is a 0.49-acre parcel at 403 E. Shore Drive, right off Causeway Boulevard facing Mandalay Channel and looking east toward Island Estates and downtown Clearwater. It is a few blocks from the actual beach and next door to the 91-room CW Resort, which is currently under construction.

The property sold for $2.15 million after being listed last year for $2.99 million and, at an earlier time, $5.2 million.

The buyer is a Clearwater LLC named Blackwater Ventures that, according Eshenbaugh Land Co. and Ross Realty Group, “acquired the property as an opportunistic land play, intending to hold the site for future development.”

The commercial real estate firms co-brokered the deal.

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

According to Chase Collier with Eshenbaugh, the property was most recently known as the Dockside Resort Apartments and was a beach motel before that.

"Bev Dollar passed away a couple of years ago and ran the property as apartments for many years and as a beach motel prior to that," Collier says in an email. "Her children Brett and Lynne Dollar inherited the property and then Hurricane Helene flooded the property."

As for the the buyer, Blackwater Ventures, Collier says it did not share its plans for redevelopment.

Eshenbaugh Land’s Collier and Ross Realty’s Elliott M. Ross represented Beach Enterprises of Clearwater.