INNOVATE Real Estate
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER, photo 2 of 6
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER, photo 3 of 6
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER, photo 4 of 6
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER, photo 5 of 6
Hotel/Motel at 653 MANDALAY AVE, CLEARWATER, photo 6 of 6
6 photos

$12,000,000

653 MANDALAY AVE
CLEARWATER, FL 33767
Listed by Georgette Gillis · VIEWPOINT REALTY INTERNATIONAL
Bedrooms
N/A
Bathrooms
N/A
Living area
4,360 sqft
Year built
1948

About this home

Located on beautiful Clearwater Beach. Everything has been updated. 22 unit motel on main thoroughfare with pool. Two - 2 story buildings on a 1/3 of an acre. Across the street from the beach access.

Property details

MLS #
MFRU8215120
Property type
Hotel/Motel
Subdivision
MANDALAY UNIT 5
Status
Active
Days on market
941
On market date
September 26, 2023
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.36 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
SANDY LANE ELEMENTARY SCHOOL
2.77 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
324
Student:teacher ratio
10.5:1
District
PINELLAS
Middle
DUNEDIN HIGHLAND MIDDLE SCHOOL
3.07 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,022
Student:teacher ratio
19.7:1
District
PINELLAS
High
DUNEDIN HIGH SCHOOL
4.45 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,196
Student:teacher ratio
20.3:1
District
PINELLAS

Walkability

Blended score for CLEARWATER's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

75
Walkable
out of 100
EPA National Walkability Index
14.8 / 20 -- Above average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores1
Parks10
Schools1
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in CLEARWATER, from live MLS data.

On the market 941 days -- 833 more days than CLEARWATER's current average of 108 days.
For reference, the median list price across 1,833 active listings in CLEARWATER right now is $224,800.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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Est. monthly payment
$72,415/mo
$2,400,000 down
$9,600,000 loan
Principal & interest$62,265
Property tax (est.)$10,000
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated May 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.