Don't miss out on one of the finest income-producing properties on Clearwater Beach! This updated 3-bedroom, 3-bath, 4-level luxury townhome in the exclusive Paradise Cove community offers a rare combination of elegance, convenience, and premium waterfront living. Fully furnished and move-in ready, the home includes a PRIVATE BOAT SLIP with a LIFT, an expansive 1,000+ sq. ft. ROOFTOP TERRACE with stunning views of Clearwater Beach sunsets, the Intracoastal Waterway, and the nightlights of the Bay Area. The PRIVATE ELEVATOR services all four levels, including the rooftop terrace, making it a seamless experience to navigate the home. Designed with 10-foot ceilings and HURRICANE-RATED WINDOWS and DOORS, this residence exudes coastal sophistication while ensuring safety and durability. The spacious master suite, located on the third level, features wall-to-wall windows with sweeping water views, an ensuite with dual vanities, and a private wet room featuring a stunning tub. A beautifully decorated guest suite with a full private bath and an updated laundry room with ample storage complete this level. The second level boasts a light-filled great room with an open living and dining area, private balcony, and upgraded kitchen with granite countertops and modern appliances, updated in 2020. Another guest suite on this level offers a Juliet balcony, walk-in closet, and private access to a full bath, which was updated in 2021. The ground floor features an oversized 2-car garage and plenty of storage space for beach gear and recreational equipment. The crowning feature of this home is the private rooftop terrace, lushly covered in premium artificial turf and fully furnished, offering an exceptional space for entertaining or relaxation. The community itself is a boutique waterfront gem, with only nine units, ensuring a serene environment and ample parking as it is the only one on the street with private driveways large enough to support 2 additional vehicles. Enjoy the south-facing pool with full sun exposure all day and fish from the private docks. With flexible 7-day rentals allowed, no size restrictions on pets, and a low $833 monthly HOA fee, this property is an ideal choice for both investors and those seeking their own seaside retreat. Located just a 5-minute walk from Clearwater Beach, you'll find soft white sands, clear gulf waters, vibrant restaurants, bars, and shopping right at your doorstep. Recent updates include NEW AC UNITS installed in 2019 and 2020 and a NEW ROOF 2024, and all the units have recently had their EXTERIORS PAINTED 2024. Whether you're looking for an upscale vacation home or a lucrative investment property, this townhome offers the best of Florida living in one of the most sought-after locations. Schedule your private tour today!