An 80 unit condominium project in Clearwater is being developed by Valor Capital. The $70 million project is called Serena by the Sea. Pricing starts at $625,000 for a 1,400 sq ft two bedroom and goes as high as $3.5 million for 4,800 sq ft penthouses. About half the units have already been reserved in the project to be located at 1020 Sunset Point Road.