EXTREMELY RARE INVESTMENT OPPORTUNITY. LUXURY VACATION RENTAL IN CLEARWATER BEACH WITH NO RENTAL RESTRICTIONS. Discover an exceptional opportunity to own a newly constructed (2024) luxury vacation rental home just 20 steps from public beach access on world-famous Clearwater Beach. Part of The Gemma vacation home complex, this 6-bedroom, 6.5-bathroom masterpiece spans three levels and boasts high-end finishes, professional design, and premium amenities all with an established rental presence which has already generated $265, 000 in revenue for 2025 with an impressive average nightly rate of $1, 940. Designed for both luxury and durability, this property features hurricane impact-rated construction and a seamless indoor-outdoor flow. The open concept kitchen and living area are bright and open, with high ceilings, modern coastal touches, and easy access to the outdoor patio that overlooks the private, heated pool. With each bedroom offering an en suite bath and double vanity with designer touches, the home essentially has six primary bedrooms. Several of the rooms also include Juliet balconies with partial water views of the Gulf of America. The home includes a private elevator for easy access across all three levels and a third-floor lounge with a wet bar and wine fridge perfect for hosting guests or relaxing with family. A spacious laundry room equipped with two sets of washers and dryers and a supply closet lockout ensure convenience for large groups and efficient cleans. On the ground level, the private pool and hot tub with bluetooth sound system capabilities create a resort-like atmosphere, ideal for entertaining or unwinding after a day at the beach. With a trusted management company already in place, this property offers a turnkey investment in one of Floridas most sought-after destinations. Whether youre looking for a high-performing vacation rental or a luxurious personal retreat, this is a rare chance to own a slice of paradise
Property Features
Bedrooms
- Bedrooms: 6
- Primary Bedroom Level: Second
Other Rooms
- Total Rooms: 4
- Extra Room-3 Level: Third
- Living Room Level: Second
- Extra Room-1 Description: Storage Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 6
- 1/2 Bathrooms: 1
Interior Features
- Ceiling Fans(s)
- Eat-in Kitchen
- Elevator
- High Ceilings
- Open Floorplan
- Solid Surface Counters
- Thermostat
- Furnished Description: Turnkey
- Flooring: Wood
Appliances
- Bar Fridge
- Built-In Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Freezer
- Ice Maker
- Microwave
- Range
- Refrigerator
- Washer
- Wine Refrigerator
- Laundry Features: Electric Dryer Hookup, Inside, Laundry Room
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central, Electric
Kitchen and Dining
Exterior and Lot Features
- Balcony
- Courtyard
- Irrigation System
- Lighting
- Outdoor Grill
- Outdoor Shower
- Sliding Doors
- Patio And Porch Features: Covered, Patio, Wrap Around
- Road Surface Type: Asphalt
Pool and Spa
- Pool Features: Child Safety Fence, Heated, In Ground, Lighting, Salt Water
- Pool Private: Yes
- Spa Features: Heated, In Ground
- Spa: Yes
Garage and Parking
Land Info
- Lot Size Acres: 0.1025023
- Lot Size Dimensions: 50x87
- Lot Size Square Feet: 4465
Homeowners Association
- Association: Yes
- Association Fee: 300
- Association Fee Frequency: Monthly
- Association Fee Includes: Maintenance Grounds
- Calculated Total Monthly Association Fees: 300
- Association Name: Lyle Fogarty
- Pets Allowed: Cats OK, Dogs OK
Rental Info
- Lease Term: Minimum Lease: No Minimum
Other Property Info
- Annual Tax Amount: 15208.61
- Source Listing Status: Active
- County: Pinellas
- Directions: Head north on Mandalay Ave and turn left on Somerset St. Home will be on your left.
- Tax Year: 2024
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 33767 - Clearwater/Clearwater Beach
- Property Subtype: townhouse
- Source Neighborhood: CLEARWATER BEACH REV
- Parcel Number: 05-29-15-16362-002-0060
- Postal Code Plus 4: 1542
- Subdivision: CLEARWATER BEACH REV
- Township: 29
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 3572
- Year Built: 2024
- Building Area Source: Public Records
- Building Area Total: 5788
- Building Name: THE GEMMA
- Construction Materials: Concrete
- Direction Faces: North
- Foundation Details: Concrete Perimeter
- Levels: Three Or More
- Property Age: 1
- Roof: Shingle
- Architectural Style: Coastal
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Natural Gas Connected
- Public
- Sewer Connected
- Water Connected
- Water Source: Public