A parcel of land that sits between downtown Clearwater and Dunedin with unobstructed waterfront views has been transformed into a new $70 million-plus luxury condominium tower.
Hundreds of international investors and future residents poured inside the 80-unit Serena by the Sea building at 1020 Sunset Point Road to celebrate the grand opening Thursday. The beach-chic condo project overlooking the Gulf of Mexico was developed by Clearwater-based Valor Capital.
The local real estate group was recently ranked as one of the fastest-growing companies in America, landing at the No. 133 spot on the Inc. 5000 list.
“Dreams do come true,” Valor Capital CEO Moises Agami said at the ribbon-cutting ceremony. “I’ve been coming here since I was 3 years old. I used to come to the mansions and condos at the beach.”
Agami, who was born in Mexico, is an entrepreneur who created Road Track, a technology company for the automotive industry. He started working in the family business in 1998. Since 2008, Agami’s primary focus has been real estate.
Valor Capital has sold all of the condos at Serena by the Sea, according to the sales team; however, several investors have listed a handful of units for sale.
The condos have two- and three-bedroom plus den floor plans ranging from 1,400 to 2,574 square feet and sky penthouses as large as 4,821 square feet. The prices start at $839,000 and go up to $2.9 million.
Serena by the Sea is the company’s second Clearwater project, following SkyView, a 36-unit condo building at 412 Cleveland St.
Agami announced he plans to build three more residential projects in the area, including a luxury condominium tower in St. Petersburg to “serve the younger professional population.”
The unnamed project would be developed on a half-acre parcel near 4th Street and 4th Avenue South, two blocks from the Dali Museum. Valor Capital acquired the property last year in a combined $5.2 million deal.
“We will be submitting our application before the end of the year,” Agami told the St. Pete Catalyst. “It’s going to be more than a residence – it’s going to be an experience with a rooftop bar on the 25th floor and an incredible restaurant.”
He also plans to bring a third development to Clearwater – two 35-story towers.
Agami said he has a contract pending for a downtown waterfront property located several blocks from Coachman Park.
Additionally, Valor Capital will be building an 18-story tower “on the sands” of Daytona Beach with a “fitting brand” for the area.
The projects will differ from the Serena by the Sea aesthetic.
Serena by the Sea has over 23,000 square feet of amenities with an infinity pool surrounded by a sundeck with cabanas, a fitness center, a private spa and a dog park area.
As the development was underway during the pandemic, the team added touchless entry systems on doors and elevators and UV-disinfecting lights on all common area HVAC units.
The building also has numerous solar panels producing at least 600,000 kilowatt hours’ worth of power.
Valor Capital executives claim the Serena by the Sea development has generated a $200 million economic impact, and over 1,300 jobs during and post-construction.
The group also owns property behind the eight-story building that will house luxury townhomes.
The 10-unit townhome community, dubbed Serena Residences, will have three-story homes with an attached garage and a private garden.