The Cyprus Development Project is a boutique redevelopment opportunity in the heart of Clearwater Beach, transforming the long‑established Cyprus Bungalows into a modern 28‑unit luxury property. The land will be transferred into a newly formed LLC free of all liens or encumbrances, ensuring clean ownership from day one.
While entitlements and density acquisitions move forward, the existing bungalows continue operating, generating rental income shared 50/50 with the investor. With city support for the development path and a proven coastal builder leading the project, Cyprus offers a rare blend of immediate revenue, secure structure, and long‑term value creation.
Cyprus Development Project — Key Highlights
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Prime Clearwater Beach redevelopment transforming the existing Cyprus Bungalows into a modern 28‑unit luxury property.
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Property titled to a newly formed LLC, delivered free and clear of all liens or encumbrances at closing.
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50% equity stake available in the development LLC for a $3.5M investment.
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Existing bungalow rentals remain operational during entitlement and pre‑construction phases.
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Investor receives 50% of all net rental revenue from the existing bungalows until redevelopment begins.
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City‑supported density acquisition to increase allowable units and maximize project value.
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Development Order to be granted by the County, providing a clear entitlement path and reducing project risk.
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Experienced developer with a proven track record in coastal construction, including the Avalon project (video available).
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Full transparency through a single‑purpose LLC, clean ownership structure, and straightforward equity distribution.
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Photos and video available:
– Current Cyprus Bungalows (on‑site visuals)
– Avalon project as a model of build quality and management -
Full investor package available upon request: financials, timeline, architectural concept, and projected returns.
If you’d like to explore the Cyprus Development Project in more detail, we’re happy to provide the full investor package, including financials, architectural concepts, projected returns, and a complete development outline. This is a rare opportunity to secure a 50% equity position in a prime Clearwater Beach redevelopment with immediate revenue participation and a clear entitlement path.
To request the full package or schedule a conversation, please reach out and we’ll follow up promptly.