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Auction for $3.7M Waterfront Luxury Home in Clearwater Beach

Elite Auctions announced a Clearwater Beach mansion as the latest addition to its lineup of luxury residential real estate listings selling to the highest bidder. They are a licensed Florida real estate brokerage and a luxury real estate and yacht auctions marketing company.

At auction without reserve January 28th at 11am is 42 Midway Island, a private residence built in 2002 that features four bedrooms, four total baths, an elevator serving all three living levels, gas-heated pool, and a covered 10,000 lb. boat lift.

Located on Island Estates, one of two man-made islands lying just north of the SR 60/Clearwater Memorial Causeway bridge, the property offers direct Gulf access for the boater and is just a short golf cart ride to the Clearwater Marine Aquarium, and only minutes to the beach.

The property is owned by a local entrepreneur and business owner, Katie Kaffai, founder and owner of the Living Young Center for Health & Anti-Aging, and her husband, Dr. Ernest McDowell, an orthodontist practicing in the St. Petersburg, FL area since 1987.

“This is one of those amazing properties that truly sells itself,” said Randy Haddaway, founder and CEO of Elite Auctions. “For one, the location is perfect. For a boater, there’s nothing better than a deep channel, navigable at all tides, and direct Gulf access, here, with two fixed-bridges between you and deep water, and both of them with a 74-foot vertical clearance in case you’re a sailor. Near the beach, the airport, pro sports galore…and the home itself is incredible.”

Haddaway adds that any potential buyer of luxury waterfront real estate looking for “that rare alignment of location, build quality, square footage, and above all, availability, on Florida’s Gulf coast, should look seriously and with haste, at 42 Midway Island, because it won’t be available for long.”

“An entertainer’s delight… and you may have seen in some featured movies or on TV, as there are often requests from movie producers to film movies and/or commercials in the home. It’s ideal for entertaining guests and/or raising a family in a paradise-like setting,” Melody Hunter, the home’s listing agent with Charles Rutenberg Realty, described.

According to publicly-available real estate listing data sources, the home was recently listed at $3.7 million.

“The kind of luxury waterfront property that everybody comes to Florida looking for; the kind that’s always going to be in high demand, because it offers a very popular feature set: Location, boat dock, direct Gulf access, pool, privacy, exclusivity, and of course, the luxurious active outdoor lifestyle that comes with it all,” said Tara McLean, Elite’s president.

42 Midway Island, at Island Estates, on Clearwater Beach, is available for public and private tours weekends from 1pm-4pm now until the final preview Friday, January 27th. To pre-register to bid, or to schedule a tour, call 844-94-ELITE or email [email protected].

The auction will be held on site at the property, Saturday, January 28, 2023, at 11am,with registration beginning at 9am. Remote bids will be accepted by phone. Broker participation is encouraged.

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