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Clearwater Beach Florida Condos – What’s Happening with New Construction?

Clearwater Beach Florida Waterfront Wednesday Report

Clearwater Beach Florida – This week I was asked what’s up with the new Clearwater beach condos that were to be built? Where do they stand now? So I thought I’d give a detailed update for many of our readers who may be wondering the same thing…

There were 4 main luxury condo projects on Clearwater Beach that come to mind and since it’s Waterfront Wednesday I thought it would be the perfect topic to update you on today.

Let’s start with the Sandpearl Residences – while you might be thinking wait a minute, the Sandpearl condos are completed. Yes they are but they are not sold out. The developer, JMC, still has some original inventory and recently dropped their prices to hopefully get these babies sold.

Clearwater Beach Florida New Construction -  Sandpearl Condos for sale

sandpearl condos collage Clearwater Beach Florida Condos   What’s Happening with New Construction?

In the Sandpearl Residence Tower, as of March 1st there were technically 11 “new” Sandpearl Residences for sale since these are not “resales”. The prices range from under $750,000 to $1,148,000 with only one 3 bedroom condo still available.

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Clearwater Beach FL New Construction – Aqualea Condos for Sale

Aqualea Resort Condominium Hotel on Clearwater Beach is mostly what we call a “condotel” because it combines the benefits of a condo with that of a hotel. It also means that the condotel suites you buy you are only able to use for a maximum of 60 days a year and the rest of the time it must be available for rent (with the Hyatt or your own property management company).

While the building is still under construction they are planning to have their “soft opening” in December 0f this year.  Aqualea currently has condo-hotel units available from 522 sq ft studio units starting at $460,000 to two bedroom suites that are 1828 sq ft currently selling for $980,000. If you would like more info on these don’t hesitate to ask us – I will also be doing an in-depth article about this latest property on Clearwater Beach.

aqualea condos clearwaterbeachflorida Clearwater Beach Florida Condos   What’s Happening with New Construction?

The will only be 18 “true” Aqualea condos for sale are actually called “The Residences of Aqualea” and will be directly  facing the Gulf of Mexico, overlooking the newly completed Clearwater Beach BeachWalk. 1 unit has been sold however currently they are not being offered for sale – the beginning price will be $2 million and up I am told. One was rumored to have been sold for $3 million however with the changing market it seems they are holding on to their inventory at least for now.

The 18 condominiums will be made up of:

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This promises to be a magnificent addition to south Clearwater Beach (located just south of Pier 60) – If you want exact pricing and availability give us a call at (727) 710-8036

Clearwater Beach Florida New Construction -  Marquesas Condos for sale

marquesas condos collage Clearwater Beach Florida Condos   What’s Happening with New Construction?

Marquesas Condos – So here are pictures I took this week of the “future site of the Marquesas condos” on south Clearwater Beach just before you go over the bridge to Sand Key. What a difference a year makes – see the “for rent” sign in their old “sales center”. The latest word I got from the developer’s sales staff is that they are not selling or discussing Marquesas condominiums until the developer sells out of their existing Sandpearl condos (see above).

We’ve also heard that they are conducting focus groups and re-evaluating the existing plan in light of the current economy and existing inventory of luxury condos on Clearwater Beach.

I heard they may be scaling back which I think would be a great idea since we have people everyday asking us for “new Clearwater beach condos” under $500,000 – which in light of the current FHA guidelines that makes $417,000 the loan limit before you get into Jumbo mortgages one’s gotta believe there’s a sweet spot in there – just look at what’s selling right now.

There’s no arguing that if anyone can make it work it will be JMC Developers – their team has brought 3 fabulous properties to North Clearwater Beach – Sandpearl, Mandalay Beach Club and Belle Harbor.

So as far as Clearwater Beach new construction goes – Marquesas condos are on hold.

Clearwater Beach Florida New Construction -  Enchantment Condos for sale

lowres enchantmentback2 Clearwater Beach Florida Condos   What’s Happening with New Construction?Enchantment luxury condos promised to be an amazing waterfront property – I still have videos and pictures from the Best Western that showed the actual views.

Unfortunately like many Clearwater construction projects when the economy turned so did the quantity of luxury condo buyers – especially in light of all the “new construction” we saw on Clearwater Beach 2004-2008. We need time to absorb all this new inventory before I believe we’ll see any real “demand” or viability for more.

I’m sorry to see this project gone and the last reminder of the project are the signs in the parking lot that reserve spots for the “Future Enchantment Owners” which were still there as I drove by yesterday.

Clearwater Beach Real Estate – Buying or Selling – We Can Help!

clearwaterbeachflorida bluestbackyards Clearwater Beach Florida Condos   What’s Happening with New Construction?We also have lots of great Tampa beach bargains on bank-owned foreclosures, short sales and just down right motivated sellers from Clearwater Beach Florida to Tierra Verde so if you’ve been thinking about buying or selling a waterfront or oceanfront beach condo in the Clearwater  St Pete Tampa Bay area…

Call Us Today at (727) 710-8036 to hear more about how we can help you!

Contact us for a FREE quote and to find out your Tampa Mortgage options and you can search all Tampa St Petersburg and Clearwater condos for sale right now..

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Copyright © 2009 Jack and Cyndee Haydon, Clearwater REALTORS and your Clearwater Beach Real Estate Consultants specializing in Clearwater Beach Florida and Sand Key Florida. Info may not be copied, reproduced, distributed, transmitted, displayed or published.

 Clearwater Beach Florida Condos   What’s Happening with New Construction?

About Cyndee Haydon

Cyndee Haydon, Future Home Realty - Realtor | Estate Agent specializing in selling Luxury homes and beach condos from Clearwater Beach to St Pete Beach - 26 miles of paradise. (727) 710-8035 Cyndee's Google Profile

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  2. Portable Storage

    The article was very informative and it’s good that there are such good locations in Florida.

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  5. guy maillaro sr

    looking for condo beach front 2bedrooms to buy

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