831 Grand Central Street
CLEARWATER, FLRare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater’s active growth corridors. Situated on an 83’ x 127’ quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1- bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential is estimated at approximately $2,500 per unit per month, depending on final use, condition, rental strategy, and market demand. The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clearwater. For the buyer looking to control land, create income, and unlock future value, this is a Clearwater opportunity worth serious attention.
Active
- Price
- $ 378,500
- City
- CLEARWATER
- Bedrooms
- 2
- Full Bathrooms
- 2
- County
- Pinellas
- Half Bathrooms
- 0
- Area
- Clearwater/Belleair
- Lot Size
- 0.24 Acres
- Zip
- 33756
- Sqr Footage
- 1,276
- Year Built
- 1946
- Taxes
- $ 3975
- Style
- Single Family Residence
- MLS#
- TB8536484
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Cape Coral, FL office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 33756
In The Neighborhood
In The Neighborhood
- Type
- Size
- <span>1,692</span> SqFt
- Rooms
- <span>3</span> Beds + <span>2</span> Baths
Areas That We Cover
- ALVA
- ARCADIA
- AVE MARIA
- BIG PINE KEY
- BOKEELIA
- BONITA SPRINGS
- BRADENTON
- Babcock Ranch
- CAPE CORAL
- CAPTIVA
- CITRUS SPRINGS
- CLEARWATER
- CLEWISTON
- CORAL SPRINGS
- CRAWFORDVILLE
- Cayo Costa
- DE LEON SPRINGS
- DELTONA
- ENGLEWOOD
- ESTERO
- EVERGLADES CITY
- FELDA
- FORT DENAUD
- FORT MYERS
- FORT MYERS BEACH
- HIALEAH
- HOLLY HILL
- IMMOKALEE
- Indialantic
- JACKSONVILLE
- KISSIMMEE
- LABELLE
- LAKE PLACID
- LAKE SUZY
- LAKE WALES
- LEE
- LEHIGH ACRES
- LUTZ
- MARCO ISLAND
- MATLACHA
- MATLACHA ISLES
- MIAMI
- MIROMAR LAKES
- MONTURA RANCHES
- MOORE HAVEN
- NAPLES
- NEW PORT RICHEY
- NOKOMIS
- NORTH FORT MYERS
- NORTH PORT
- OCALA
- OKEECHOBEE
- PALMDALE
- PLACIDA
- POINCIANA PLACE
- PORT CHARLOTTE
- PORT ST. LUCIE
- PUNTA GORDA
- ROTONDA WEST
- SANIBEL
- SARASOTA
- SEBRING
- SOUTH BAY
- ST. JAMES CITY
- ST. PETERSBURG
- Saint James City
- TAMPA
- THONOTOSASSA
- USEPPA ISLAND
- Upper Captiva
- VENICE
- VENUS
831 Grand Central Street CLEARWATER, FL is a Single Family Home for sale at $378500 with 1276 sqft and a lot size of 0.24 Acres Acre(s). 831 Grand Central Street CLEARWATER has 2 bedrooms, 2 baths and was built in 1946. The property's zip code is 33756 which is in CLEARWATER, FL
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
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