The Enclave at Northwood
2690–2692 Enterprise Road East
Clearwater, Florida 33798

Secluded within the desirable Countryside area of Clearwater, the Enclave at Northwood is a 188-unit luxury villa and townhome community. Laid out in two phases across the street from each other, next to the Enterprise Dog Park (a huge amenity!) and Lake Chataqua, the Enclave at Northwood is set in a distinctive low-density, parklike site.

  • High-amenity, central location with convenient access to shops and stores, 10 minutes from Clearwater Beach, easy access to jobs in Tampa and St. Pete
  • Pinellas County is the most densely populated county in Florida; high barriers to entry because Clearwater is completely built out with no available land
  • 168 of the 188 apartments are villas or townhomes—highly desirable unit makeup as a condominium conversion
  • Full amentity package: two pools, tennis courts, clubhouse with activity room, business center and tenant service office
  • Most units have a private backyard and separate direct entry; all have fireplaces
  • Concrete block and stucco construction—perfect sound separation between units
  • 78 of the units remain to be renovated; renovated units command a rental premium of $70–150
  • Laid out in two separate sections, each with its own set of amenities
  • Mature landscaping, trees overarching the drives
  • Plenty of on-grade parking
  • 100% through-unit design (no back-to-back units), each with a spacious terrace or balcony

With its Class A location and compelling opportunity to sell out as condominiums when the market returns, the Enclave at Northwood is a distinctive property that stands out from the competition. PGCP purchased at 60% of replacement cost and 50% of the price at which comparable units in the market area sold in 2005–07.

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