3858 ISLAND WAY, ST PETERSBURG, FL, 33705
Active255 days on marketListed Feb 8, 2026MLS #TB8474029
About this home
3858 ISLAND WAY
Virtually Staged. Move-in ready end-unit townhome in the gated Coquina Key Townhomes community. This 3-bedroom, 2.5-bath home offers 1,345 heated square feet of bright, open living space. The kitchen serves as the heart of the home, featuring warm wood cabinetry, granite countertops, matching appliances, and a breakfast bar open to the dining area. The adjoining living and dining space offers an open floor plan with tile flooring throughout the main level. A convenient half bath completes the main floor. Upstairs, you'll find three bedrooms, including a primary suite with a private ensuite bath. The additional bedrooms share a second full bath, offering flexibility for guests, a home office, or other living needs. Major updates are already taken care of: new roof (2023), HVAC (2020), and water heater (2024). Enjoy low-maintenance townhome living with a gated entrance and sidewalk access to the community pool and hot tub. The HOA also covers water, sewer, trash, exterior and grounds maintenance, pest control, private-road maintenance, security, and more. Convenient access to downtown St. Petersburg, shopping, dining, and major roadways. 3858 Island Way is ready for its next owner to make it home
Facts & features
The home at a glance
3
Bedrooms
2.5
Bathrooms
1,345
Sqft
0.02 ac
Lot size
2004
Year built
Two
Levels
$175
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,609 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,609/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+6.1%
$/sqft vs St Petersburg actives
$175 vs $324
Days on market
255 vs 66 typical
Where $175/sqft sits among the 400 St Petersburg actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Coquina Key
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know St Petersburg. See the full St Petersburg guide →
Coquina Key — neighborhood snapshot
Population
4,069
Median age
46
Median income
$104,283
Median home value
$329,549
Avg household
2
Households w/ children
309
For the school run
Pinellas County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The St Petersburg market
$380K → $402K
St Petersburg median sold, yr/yr
95.9%
Sale-to-list ratio (12 mo)
231 of 400
St Petersburg actives have cut their price
Median sold price, St Petersburg, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 26% below the ST PETERSBURG 33705 median. See the full St Petersburg market guide →
Paper trail
This home's history
Reality check
What actually sold near 3858 ISLAND WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$259,000
104 COQUINA BAY DRIVE · same community
3 bd · 2.5 ba · 1,345 sqft · $193/sqft · 31 DOM
Sold · Jun ’26$235,000
3852 MANDALAY DRIVE · same community
3 bd · 2.5 ba · 1,345 sqft · $175/sqft · 27 DOM
Sold · Aug ’26$242,000
170 COQUINA BAY DRIVE · same community
2 bd · 2.5 ba · 1,538 sqft · $157/sqft · 22 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Pedro Ribeiro Gloria
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 3858 ISLAND WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 3858 ISLAND WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from Pedro's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
3858 ISLAND WAY FAQs
What would the monthly payment be for 3858 ISLAND WAY?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $2,609/mo — principal and interest, the actual property-tax bill, the $600/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 3858 ISLAND WAY?+
The association fee works out to $600 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 3858 ISLAND WAY?+
The most recent tax bill on record (2024) was $1,574. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 3858 ISLAND WAY?+
The listing reports pets: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in St Petersburg?+
At $235,000, this home is listed about 45% below the St Petersburg median of $424,000. The market section on this page shows how the area is trending.
Which schools are assigned to 3858 ISLAND WAY?+
Lakewood Elementary School (elementary), Lakewood High School (high), Bay Point Middle School (middle) — Pinellas County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the ST PETERSBURG 33705 market on paper
$235,000 is 26% below the ST PETERSBURG 33705 median of $317,000, and at $175/sqft it sits under the St Petersburg average of $371.
02Know the monthly fee
The association fee is $600/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03Time on market is leverage
255 days on market against a St Petersburg median of 66 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $244,900, now $235,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of GORDON & ASSOCIATES REALTY · Robert Gordon. MLS #TB8474029.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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