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400 ISLAND WAY UNIT 503

Condo/Co-op For Sale
$419,900

BTC: 5.39613185

ETH: 174.95833333

New
2 bds
2 ba
1,300 sqft

Overview

Virtually Staged. Whether you're searching for your own slice of paradise or a waterfront investment with immediate income potential, this spacious two-bedroom, two-bath condominium in the heart of Island Estates deserves your attention. Perched on the fifth floor, this west-facing residence offers beautiful water views and unforgettable Florida sunsets from your private balcony; the perfect place to unwind after a day at the beach or on the water. Inside, you'll find an open, functional floor plan with generous living spaces, solid bones, and just the right opportunity to add your own personal style. The home is in good condition, making it an excellent choice for buyers looking to build equity while enjoying one of Clearwater Beach's most sought-after communities. For investors, this property presents a rare opportunity. The condo is currently tenant occupied by long-term residents who would like to stay, offering the potential for immediate rental income and a seamless transition for buyers seeking an established investment property. With no ownership waiting period before leasing, Starboard Tower remains an attractive option for both seasonal and long-term investment strategies. Starboard Tower offers an exceptional waterfront lifestyle with resort-style amenities, including a heated pool, spa, fitness center, clubhouse, assigned parking, and beautifully maintained grounds. Island Estates is one of Clearwater's most desirable waterfront communities, offering the perfect balance of peaceful island living and everyday convenience. Just minutes from world-famous Clearwater Beach, you'll enjoy easy access to Publix, waterfront dining, the Clearwater Marine Aquarium, banking, shopping, and more, all without leaving the island. Whether you're looking for a full-time residence, a seasonal retreat, or a smart addition to your investment portfolio, this property offers an exceptional opportunity to own in one of Tampa Bay's premier coastal communities.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1978
Lot:
2.93 Acres
Heating:
Central
Price/sqft:
$323
Cooling:
Central Air
HOA:
$1,118

Valuation

Our model vs. what's actually selling nearby.
Estimate
$449,900
$360K – $647K
Confidence Low
List vs. estimate
$30K below estimate
List $419,900 · -6.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$323
-38.1% vs. city median $522
Based on
43 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,416
2025
HOA
$1,118/mo
Cable TV, Community Pool, Internet
Pool
Gunite
View
Water
Pets
Not allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Range

    • Refrigerator

    Other interior features

    • Living Room/Dining Room Combo

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Balcony / Sliding Doors

    Lot

    • Lot: 2.93 Acres

    Other Property Information

    • Parcel Number: 082915851590000503

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Fire Hydrant

    • Public

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • HOA: $1,118

    • HOA Frequency: Monthly

    • Annual tax amount: $7,416

  • Source details

    • MLS ID: TB8536596

    Other facts

    • Construction Materials: Block

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: Inside

    • Pool Features: Gunite / Heated / In Ground

    • Direction Faces: West

    • Water Body Name: MANDALAY BAY

    • Living Area: 1300

    • Water Source: Public

    • Subdivision Name: STARBOARD TOWER

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: IAD REAL ESTATE