Clearwater Beach Lot Hits the Market with Engel & Völkers for $26.9M

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Kelly Montgomery-Kepler and Sylvia Tzekas of Engel & Völkers Belleair co-list one of the last buildable lots on world-famous Clearwater Beach for $26.9M

551 Gulf Boulevard, Clearwater Beach

551 Gulf Boulevard, Clearwater Beach

We are so excited to strategically position this unique property to reach the perfect buyer who will contribute to the spirit and growth of Clearwater Beach.

Engel & Völkers today announced Kelly Montgomery-Kepler, License Partner of Engel & Völkers Belleair and advisor, Sylvia Tzekas have obtained the co-listing of one of the last vacant, buildable lots on Clearwater Beach. Listed at $26,900,000, 551 Gulf Boulevard is situated at the base of the Sand Key Bridge and offers the opportunity to develop 3.2 acres into the next destination resort, condominium or restaurant.

“My husband and his family proudly served the community with their restaurant for nearly three decades,” said Tzekas. The property is ready for its next chapter. I believe this is an incredible opportunity for a discerning investor to build a destination resort on the number one beach in America,” said Tzekas. “The white sugar sands and picturesque sunsets offer absolute tranquility.”

The property was once home to the iconic Fisherman's Wharf restaurant, opened by Dalip Tzekas, an Albanian-immigrant, in 1963. Owned and operated by the family of eight, the Fisherman's Wharf served the community for 27 years. The property has also been leased to Leverock's Great Seafood, Shells Seafood Restaurant, and Five Five One. Known for its infamous and rare basement, the building was recently demolished in April 2020, leaving the property bare and ready for its next chapter.

“We are so excited to strategically position this unique property to reach the perfect buyer who will contribute to the spirit and growth of Clearwater Beach,” said Montgomery-Kepler.

Clearwater Beach is known for its impeccable sugar sand beaches that stretch two and a half miles and has frequently been ranked one of the best beaches in the United States. Its Sandpearl Resort was named one of the best beach resorts in the United States, and in January 2013, Clearwater Beach was awarded the of Florida’s Best Beach Town by a USA Today reader poll ranking 10 Florida beach destinations. In February 2019, Clearwater Beach was named the best beach in the United States and the sixth-best in the world by TripAdvisor.

Clearwater Beach home values have gone up nearly three-percent over the last year, according to Zillow. The median price of homes currently listed in Clearwater Beach is $867,000, while the media price of homes that sold is $754,400. The median rent price in Clearwater Beach is $3,500, which is higher than the Clearwater median of $1,750.

Press contact:
Linzee Werkmeister, Director, Public Relations & Franchise Support
Email: Linzee.Werkmeister(at)evrealestate.com
Tel: (239) 348-9000

About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a bespoke, white-glove concierge client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 175 shop locations with more than 4,000 real estate advisors in the Americas, contributing to the brand’s global network of over 12,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated. For more information, visit evrealestate.com.

About Engel & Völkers Florida:
Engel & Völkers Florida is the Master License Partner of the global luxury real estate brand Engel & Völkers in the state of Florida. Recognized for uniquely recruiting, training and equipping some of the top professionals in the real estate industry, Engel & Völkers Florida’s exclusive franchise model positions its license partners at the top of the premium market to gain market share and support their bottom line. The company represents franchise locations in: 30A Beaches, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Gainesville, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Leesburg, Madeira Beach, Marco Island, Melbourne Beachside, Melbourne Central, Melbourne Downtown, Miami Coconut Grove, Olde Naples, Orlando Downtown, Orlando-Winter Park, Palm Beach, Palm Coast, St. Augustine, St. Pete, Stuart, Wellington, and Windermere.

Engel & Völkers Florida is continuing to strategically strengthen and expand its presence in premium real estate markets across the state of Florida. If you would like to know more about the Engel & Völkers brand or how to join its global network, which is known for demonstrating competence, exclusivity and passion, feel free to call our corporate office, located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Tel: +1 239-348-9000.

For more information about Engel & Völkers Florida, please visit florida.evrealestate.com

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