Tiny waterfront condo in Clearwater asks $495K

Would you pay nearly half a million dollars for a 405-square-foot studio? That's what a Clearwater seller is asking for his condo.

What's happening: This studio at 800 Bayway Blvd. was put on the market for $525K last spring and the asking price has dropped $30K since.

The intrigue: The current owner bought the condo for $275K in July 2021.

• That's some serious short-term appreciation. I asked listing agent John Ervin if that's the price you have to pay to be on the water these days.
• "Everything waterfront is going up, going up, going up," he said.

What's inside: In addition to location, this unit is completely updated and comes fully furnished. Everything from the A/C unit to the kitchen is new.

• It has tons of natural light, white kitchen cabinets and coastal-inspired finishes.

Who's buying: Someone looking for extra income, most likely.

• Ervin says most units in this building are used as Airbnbs and vacation rentals.
• Someone could buy it as a full-time residence, but condos in this building are rented out "very consistently."

Other highlights: The community has a private pool, barbecue and picnic area, dock and boat slips for rent.

Take a look around: