$449,000
603 Arbor Lake Ln
Tampa, FL 33602
Listing updated: June 3, 2026 at 6:52 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Garage space
Flood zone
About this home
Rare opportunity to get into the desirable 24-HOUR GUARD-GATED COMMUNITY of Island Walk on exclusive waterfront HARBOUR ISLAND for under $450,000 - a price point that is increasingly hard to find in one of Tampa’s most walkable and convenient neighborhoods. This TOWNHOME-STYLE CONDO offers 2 BEDROOMS, 2 BATHROOMS, and a PRIVATE 1-CAR GARAGE with incredible potential for the next owner to make it their own. Whether you are looking for a primary residence, downtown Tampa retreat, or long-term investment, this home offers a rare chance to create value in a premier location. Set among mature trees and tucked inside one of Harbour Island’s most established communities, the property offers a peaceful, residential feel while still being just minutes from the energy of downtown Tampa. The second-floor living space is all on one level, with an open and functional floor plan that provides the perfect canvas for renovation, customization, and personal design. Unlike fully renovated units that command a premium, this home gives the next owner the opportunity to choose their own finishes, style, and upgrades - without paying for someone else’s design choices. Bring your vision and unlock the potential of this well-located Harbour Island residence. Island Walk residents enjoy RESORT-STYLE POOLS, hot tub, lighted tennis courts, a STATE-OF-THE-ART FITNESS CENTER, playground, clubhouse, 24-hour guarded entry, and beautifully maintained grounds. The HOA also covers water, sewer, concierge trash pickup, pest control, building insurance, and exterior/grounds maintenance, creating a truly LOW-MAINTENANCE LIFESTYLE. Prime location just steps from everything Tampa has to offer. Walk to the RIVERWALK, SPARKMAN WHARF, WATER STREET, AMALIE ARENA, Tampa General Hospital, USF Medical, and some of the city’s best restaurants, coffee shops, fitness studios, and entertainment. Quick access to Tampa International Airport, Bayshore Boulevard, Hyde Park, Channelside, and downtown Tampa. Pet friendly, secure, walkable, and full of upside. A rare chance to own in HARBOUR ISLAND at an approachable price point — and make the home exactly what you want it to be. SCHEDULE YOUR PRIVATE SHOWING TODAY.
Local Insight
At $380/sqft for a 1991 condo in an AE flood zone, you're paying a premium that reflects the location near downtown Tampa—worth it if walkability and urban access matter to you, but the $836 monthly HOA is substantial and you'll absolutely need flood insurance, which will eat into your carrying costs. The real question is whether a 33-year-old two-bedroom in a flood-prone area justifies nearly half a million dollars, especially when that HOA doesn't appear to cover flood mitigation upgrades that might be increasingly necessary.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveJun 2, 2026
- Listed$449,000Jun 2, 2026
- Price increased$449,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 1
- Subdivision
- Island Walk A Condominium
- County
- Hillsborough
- Year built
- 1991
- Living area
- 1,183 sq ft
- Price/sq ft
- $380
- Building area
- 1,554 sq ft (Appraiser)
- Lot size
- 1,554 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE
- Garage
- 1 spaces
- Annual taxes
- $7,579 (2025)
- Parcel #
- 199294-2116
- Zoning
- PD-A
- MLS #
- TB8511212
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Tile
- Appliances
- Dishwasher, Microwave, Refrigerator
- Interior features
- Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Thermostat, Walk-In Closet(s)
- Laundry
- Inside, Laundry Closet, Washer Hookup
- Stories / Levels
- Two
- Direction faces
- West
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
HOA & Financial
- HOA fee
- $836 / Monthly
- Monthly HOA
- $836/mo
- Total monthly fees
- $836/mo
- Total annual fees
- $10,035
- HOA name
- First Service Residential - Vita Blough
- CDD
- No
- Min lease term
- 4 Months
- Listing terms
- Cash, Conventional, FHA
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- see condo docs for lease restrictions
Exterior & Construction
- Exterior features
- Balcony
- Construction materials
- Block, Stucco
- Roof
- Tile
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Public, Sewer Available, Underground Utilities, Water Available
Community
- Pets allowed
- Cats OK, Dogs OK
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second | |
| Bedroom 2 | Second | |
| Bathroom 1 | Second | |
| Bathroom 2 | Second | |
| Dining Room | Second | |
| Kitchen | Second | |
| Living Room | Second |
Listing Details
- Listing date
- 2026-05-30
- On market date
- 2026-06-02
- Original list price
- $449,000
- Occupant type
- Vacant
- MLS area
- 33602 - Tampa
- Listing AOR
- Orlando Regional
- Status changed
- 2026-06-02
- Tax legal description
- ISLAND WALK A CONDOMINIUM UNIT 603 BLDG 35
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
pull into knights run ave and take your first right on island walk and then an immediate left onto arbor lakes.
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Based on information submitted to the MLS GRID as of June 3, 2026 at 6:52 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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