Plans for an 86-unit luxury brand condominium in Clearwater Beach were announced Thursday. Viceroy Residences Clearwater Beach is scheduled to open in late 2027 and will be the first condominium on the beach in more than a decade.
Condominium prices will range from $2.5 million to $12 million.
Two nine-story waterfront towers will be built at 551 Gulf Blvd. The land, currently vacant, was home to the Fisherman’s Wharf Restaurant from 1963 to 1990.
The project’s developers, BH3 Management and US Development, purchased the 3.2-acre property in February for $24.75 million. It was the most expensive piece of vacant land ever sold on Clearwater Beach.
![The developer paid $24.75 million for the land in February. It was the most expensive piece of vacant land ever sold on Clearwater Beach.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 620 413"/%3E "The developer paid $24.75 million for the land in February. It was the most expensive piece of vacant land ever sold on Clearwater Beach.")
“Viceroy Residences Clearwater Beach will redefine bayfront living in this area and set a new standard for luxury that does not yet exist in Clearwater Beach,” said John Farina, CEO of US Development. said in a media release.
Amenities include a secluded beach, valet service, private restaurant, spa with steam room, outdoor hot and cold plunge pool, and resort-style pool with sundeck and cabana.
Interior two- and three-bedroom floor plans will range from 2,078 square feet to 3,443 square feet. Larger three-, four- and five-bedroom penthouses, each with their own private terrace, will also be built.
Sales are expected to begin next month, with construction expected to begin in late 2025.
![Amenities include a secluded beach, valet service, private restaurant, spa with steam room, outdoor hot and cold plunge pool, and resort-style pool with sundeck and cabana.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 620 495"/%3E "Amenities include a secluded beach, valet service, private restaurant, spa with steam room, outdoor hot and cold plunge pool, and resort-style pool with sundeck and cabana.")
Greg Friedman, co-CEO of BH3 Management, said in a statement that building hurricane-resistant condominiums is a top priority after a season of destructive storms.
The building will sit higher, be constructed of concrete, and have windows that can withstand winds of up to 265 miles per hour.
“South Florida has some of the strictest building codes in the nation, and we believe the state’s coastal areas should adopt similar standards,” Friedman said. “We designed the Clearwater Beach project to meet and exceed this level of quality and durability. This development will be built in perpetuity.”
