425 Island Way, FL425 Island Way, FL425 Island Way, FL
Stellar MLS
1 / 57

$2,850,000

425 Island Way

Clearwater, FL 33767

Listing updated: June 20, 2026 at 1:01 AM ET

Active
Stellar MLSListing courtesy of Magnate Realty, Llc · Chrisy Tellis · MLS #TB8521416 · Active · 727-424-6499
0
Baths
0.75
Acres
WaterfrontWater access$87/sqft360° tour
Land

Property type

32,599 sqft

Lot size

$87

Price / sq ft

No HOA

HOA dues

0

Days on market

AE

Flood zone

About this home

A rare waterfront land parcel situated on the shores of Clearwater Harbor within the prestigious Island Estates community, one of Clearwater's most exclusive waterfront neighborhoods. Entitled for up to 22 residential units under MHDR-NCOD zoning with a Future Land Use designation of Residential High, this 0.75-acre (32,569 SF) site features direct Clearwater Harbor frontage with potential for boat slips, and represents one of the last remaining developable parcels of meaningful scale in the submarket. Entitled for up to 22 residential units under MHDR-NCOD zoning — density secured Future Land Use: Residential High (RH) — supports condominium or townhome redevelopment .75 acres / 32,569 SF in Island Estates, one of Clearwater's most supply-constrained market. Tampa–St. Petersburg–Clearwater MSA — one of the fastest-growing metros in the U.S. Demolition-ready existing structure-economically justified under FEMA'S 50% Rule (Zoned AE) All information is deemed reliable but not guaranteed and should be independently verified by Buyer. Buyer is responsible for verifying zoning, permitted uses, development potential, dimensions, approvals, and all other matters affecting the property.

Estimated monthly payment

Principal & interest$14,411
Property taxes$0
Home insurance (est.)$1,306

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 history0 days on market

  1. Status: Active
    Jun 19, 2026
  2. Listed$2,850,000
    Jun 19, 2026
  3. Price increased$2,850,000

Facts & features

Property type
Land
Status
Active
Days on market
0
County
Pinellas
Price/sq ft
$87
Lot size
32,599 sq ft
Lot category
1/2 to less than 1
Flood zone
AE
Parcel #
08-29-15-85159-000-0002
Zoning
MHDR-NCOD
MLS #
TB8521416

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HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Listing terms
Cash, Conventional
Ownership
Other

Exterior & Construction

Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Sewer Connected, Water Connected

Listing Details

Listing date
2026-06-16
On market date
2026-06-19
Original list price
$2,850,000
MLS area
33767 - Clearwater/Clearwater Beach
Listing AOR
Suncoast Tampa
Status changed
2026-06-19
Tax legal description
STARBOARD TOWER CLIPPER COVE CONDO REC AREA FOR CLIPPER COVE AND CUTTER COVE CONDOS

Flood risk

High riskFEMA Zone AE

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

Memorial Causeway (SR 60) to Island Way. North on Island Way to property at 425 Island Way in Island Estates.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 20, 2026 at 1:01 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA