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50 ROYAL WAY

Lots/Land For Sale
$7,900,000

BTC: 123.43750000

ETH: 4,388.88888889

+$900K (2026/02/10)
113 days
Waterfront
0 room(s)

Overview

Currently a waterfront motel with 3 buildings - 21 total units - .48 acres - 107 feet of waterfrontage with 2 docks, pool and 25+ off street parking spaces. Redevelopment site - must verify with city ( 14 condos or 36 hotel rooms ) or keep as a motel . All measurements are believed to be accurate but to be verified by buyer.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.48 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,599,900
$1.0M – $5.9M
Confidence Low
List vs. estimate
$6.3M above estimate
List $7,900,000 · +393.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$57,033
2025
Waterfront
Canal - Saltwater
All facts and features
  • Lot

    • Lot: 0.48 Acres

    Other Property Information

    • Parcel Number: 052915547560770010

  • Type and style

    • Property Type: Land

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $57,034

  • Source details

    • MLS ID: TB8472695

    Other facts

    • Direction Faces: West

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 274 x 111 x 107 x 109

    • Subdivision Name: MANDALAY UNIT 5 REP

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: VIEWPOINT REALTY INTERNATIONAL