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About this home
1214-1242 Cleveland St is a home Clearwater. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
We are pleased to present 1214–1242 Cleveland Street, Clearwater, FL 33755 (the “Property”). This rare, nearly 2-acre four-parcel assemblage in the heart of Downtown Clearwater now offers a fully cleared development site spanning a full city block along Cleveland Street, plus a stand-alone parking lot to the west — providing scale, flexibility, and immediate redevelopment potential. The property is zoned (D)-Downtown and features 435 feet of frontage from N Jefferson Ave to N Lincoln Ave. All existing retail improvements have been removed, allowing a developer to move forward without demolition risk or delay. Positioned steps from the new Clearwater Gardens housing community and near major projects such as the Bluff Apartments, Harborview Hotel, new City Hall, the PSTA Transit Station, and the Cleveland Street Alliance’s planned entertainment and cinema destination, the site stands as a true generational redevelopment opportunity in Clearwater’s urban core. The completed demolition further streamlines execution and enhances the property’s appeal to multifamily, hotel, or mixed-use developers seeking a shovel-ready infill opportunity.
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$4,420,000
Time on market
395 days
Monthly payment
About $26,115/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $10,240 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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