620 BAYWAY BOULEVARD #5

About This Home

PRICE IMPROVEMENT $965,000! RARE SHORT-TERM RENTAL OPPORTUNITY! 1-NIGHT RENTALS ARE ALLOWED, offering exceptional flexibility for vacation rental use. This fully furnished waterfront townhome also includes a DEEDED DEEP-WATER BOAT SLIP WITH ELECTRIC AND WATER, creating a rare opportunity to own a turn-key property on Clearwater Beach.Rare turn key opportunity to own one of Clearwater Beach's few luxury waterfront townhomes permitting SHORT-TERM RENTALS. Boat slip with electric and water—a true boater's paradise! Whether you're seeking a luxury waterfront residence, an unforgettable vacation retreat, or an income-producing investment, this exceptional property offers unmatched versatility. This beautifully appointed 3-bedroom, 3-bath residence seamlessly blends luxury, comfort, and investment potential. The open-concept floor plan features soaring ceilings, abundant natural light, a private elevator servicing all livable levels, multiple waterfront balconies, and breathtaking Intracoastal Waterway views. The gourmet kitchen is appointed with solid wood cabinetry, stone countertops, a breakfast bar, pantry, stainless steel appliances, and an induction range. The spacious primary suite serves as a private retreat with a spa-inspired ensuite featuring dual vanities, a Jacuzzi soaking tub, a separate walk-in shower, and generous closet space. Enjoy the ultimate Florida waterfront lifestyle with a private pool, an oversized garage with a workshop and abundant storage, and direct boating access to the Intracoastal Waterway and the Gulf of America. Notable improvements include tile roof (2021), TPO roof (2022), stainless steel water heater (2021), kitchen appliances (2020/2024), downstairs HVAC air handler and condenser (July 2020), upstairs air handler (2017) with updated condenser, plumbing fixtures and toilets replaced (2020).Just steps from paradise, enjoy a short 1/3-mile walk to the sugar-white sands of world-famous Clearwater Beach, where stunning Gulf views, waterfront dining, boutique shopping, marinas, boat tours, and endless coastal entertainment await. This exceptional residence offers the rare combination of luxury coastal living, premier boating amenities, and outstanding short-term rental potential. The property generated approximately $75,000 in gross rental income in 2023. In 2024, it generated approximately $59,500 in gross rental income (owner usage limited booking/rental income in 2024)