Luxury condo developers pay $24.75 million for Clearwater Beach site

A 3.2-acre waterfront property at 805 S. Gulfview Blvd. in Clearwater Beach could soon be home to an 86-unit luxury condo project.

The parcel sold for $24.75 million on Wednesday, making it the most expensive vacant lot ever sold in Clearwater Beach, according to property records. The buyer is 805 Gulfview Owner LLC, a company with ties to two real estate firms — Fort Lauderdale-based BH3 Management and New Jersey-based U.S. Development.

The two companies will partner to develop condos at the site. The project will include two nine-story buildings with waterfront vistas in every direction, a resort-style pool deck and a 270-foot-wide private beach, according to a news release from the team. The residences will range in size from 2,000 to 5,500 square feet, and cost between $2 million and $10 million each.

“In many ways, our team is introducing an entirely new market segment in Clearwater Beach, which has been overlooked as a luxury market even as successful high-end projects come to life in neighboring communities,” BH3 Management co-founder Gregory Freedman said in a statement.

The property was once home to Fisherman’s Wharf, a waterfront restaurant established by Dalip Tzekas in 1963. The restaurant shuttered in 1990, but the Tzekas family held on to the land. Several other businesses occupied the space in the years that followed. Then in 2020 the building was dismantled, leaving the property vacant.

“Representing this listing is particularly meaningful for me, as the property has been a cherished part of my family’s history,” Sylvia Tzekas from Engel & Völkers said in a statement. She and Kelly Montgomery-Kepler were the listing agents.

“The sale not only marks a significant chapter in the evolution of this property but also exemplifies our commitment to preserving its legacy,” Tzekas stated.

In a statement, U.S. Development CEO John Farina said his team is poised to begin pre-development work on the site and launch sales later this year. “Tampa Bay is one of the fastest-growing regions in the country and Clearwater Beach is consistently ranked among the best beaches in the U.S., which is why we’ve had our sights set on this property for years,” he stated.