The Clearwater Community Development Board unanimously approved plans to redevelop the Cabana Club on Sand Key. The Cabana Club property, which will be an annex for the Belleview Biltmore in Belleair, will include a six-story, 38-room Victorian-style boutique hotel and a new 4,981-square-foot restaurant. New Florida-friendly landscaping will be installed throughout the site.
The following sales closed in August 2008. Data is obtained from the local Realtor MLS
Property Address / Subdivision / Sale Price / # Days On Market
1340 Gulf Blvd #4G / Crescent Beach Club / $725,000 / 75
1520 Gulf Blvd #PH7 / Ultimar I / $600,000 / 122
1560 Gulf Blvd #1204 / Ultimar III / $600,000 / 128
1270 Gulf Blvd #1708 / Harbour Light Towers / $370,000 / 39
1520 Gulf Blvd #305 / Ultimar I / $335,000 / 141
1460 Gulf Blvd #1112 / Sand Key Condo South / $315,000 / 35
1301 Gulf Blvd #102 / Sand Key Condo Bayside / $215,000 / 112
Average Sales Price $451,429
Average number of days on market 93
Number of properties sold: 7
For more Sand Key Real Estate information & a Free CMA for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit SandKeyProperty.com
On September 3rd, the Sand Key Civic Association will meet at the Clearwater Sailing Center at 7 pm. Red tide, Shoppes of Sand Key zoning, and Cabana Club development are on the agenda.
The following sales closed in July 2008. Data is obtained from the local Realtor MLS
Property Address / Subdivision / Sale Price / # Days On Market
1180 Gulf Blvd #505 / Grande on Sand Key/ $993,000 / 206
1310 Gulf Blvd #5G / Crescent Beach Club / $789,000 / 428
1290 Gulf Blvd #1001 / Lighthouse Towers / $650,000 / 141
1340 Gulf Blvd #14D / Crescent Beach Club/ $615,000 / 28
1180 Gulf Blvd #1804 / Grande on Sand Key/ $615,000 / 31
1520 Gulf Blvd #1807 / Ultimar I / $606,667 / 351
1520 Gulf Blvd #804 / Ultimar I / $525,000 / 597
1540 Gulf Blvd #807 / Ultimar II / $550,000 / 661
1430 Gulf Blvd #401 / Sand Key Condo South / $335,000 / 121
1520 Gulf Blvd #1405 / Ultimar I / $324,200 / 266
1460 Gulf Blvd #309 / Sand Key Condo / $320,000 / 83
1400 Gulf Blvd #305 / Sand Key Condo South / $320,000 / 257
1651 Sand Key Estates #41 / The Harborage / $339,000 / 68
Average Sales Price $534,067
Average number of days on market 249
Number of properties sold: 13
For more Sand Key Real Estate information & a Free CMA for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit SandKeyProperty.com
The Clearwater Planning Commission meeting scheduled for August 19th to review the Cabana Club project has been postponed until September 16. A staff report was released indicating the proposed code deviations be granted with certain conditions. The complete report is available from the Clearwater City Planning Department.
On Tuesday, August 19th the Planning Commission will consider code deviation requests and review opposition to the project by Sand Key residents.
Legg Mason Real Estate Investors, Inc. purchased the Biltmore properties in 2007. The Cabana Club is the "beach resort" for the Belleview Biltmore. Renovation plans include a 1.5 mile ferry ride to shuttle guests to the club where they could enjoy the white sand, pool, and cabanas. Renovation of the club is expected to take 16 months.
Local residents oppose the project, claiming the area is not meant for commercial development and that the plans violate building codes. Also of concern is obstruction of thier gulf views and parking issues.
One variance they are requesting is a setback reduction along Gulf Boulevard. An increase in height of 25 feet to 67 feet is also being requested. 2 properties at 1350 and 1370 Gulf Boulevard have received variances to 80 feet within the past three years.
The following sales closed in June 2008. Data is obtained from the local Realtor MLS
Property Address / Subdivision / Sale Price / # Days On Market
1270 Gulf Blvd #305 / Harbour Light Towers/ $198,000 / 228
1250 Gulf Blvd #304 / Landmark Towers / $325,000 / 222
1621 Gulf Blvd #403 / Isle of Sand Key / $290,000 / 37
240 Sand Key Estates Dr #253 / Harbourage II / $280,000 / 98
1270 Gulf Blvd #807 / Harbour Light Towers / $375,000 / 10
1230 Gulf Blvd #906 / Landmark Towers / $380,000 / 117
1290 Gulf Blvd #1703 / Lighthouse Towers/ $400,000 / 297
1340 Gulf Blvd #8D / Crescent Beach Club/ $565,000 / 8
1180 Gulf Blvd #1804 / The Grande on Sand Key/ $616,000 / 31
1340 Gulf Blvd #3G / Crescent Beach Club/ $675,000 / 85
1310 Gulf Blvd #17G / Crescent Beach Club/ $725,000 / 61
136 Marina Del Ray Ct / Marina Del Ray / $430,000 / 213
1560 Gulf Blvd #902 / Ultimar III / $930,000 / 38
1200 Gulf Blvd #1004 / Meridian on Sand Key / $1,250,000 / 131
1540 Gulf Blvd #1701 / Ultimar II / $1,500,000 / 115
Average Sales Price $608,112
Average number of days on market 129
Number of properties sold: 16
For more Sand Key Real Estate information & a Free CMA for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit SandKeyProperty.com
