2616 COVE CAY DRIVE UNIT 502, CLEARWATER, FL, 33760
Active213 days on marketListed Mar 14, 2026MLS #TB8484987
About this home
2616 COVE CAY DRIVE UNIT 502
Unbelievable Value, Incredible Views of the water and the 16th hole of the Cove Cay Golf Course from this beautifully remodeled 1-bedroom, 1.5-bath condo located on the 5th floor in the guard-gated waterfront community of Cove Cay in Clearwater, Florida. This spacious REMODELED, 864 sq ft residence offers comfortable coastal living with fresh interior paint, updated flooring, modern light fixtures, and smooth ceilings with the popcorn removed for a clean contemporary feel. The bright living area flows into an enclosed, air-conditioned lanai featuring elegant wainscoting, allowing you to relax and enjoy spectacular TAMPA BAY OPEN WATER VIEWS and golf course views year-round. The generously sized bedroom captures these same stunning views and features a remodeled ensuite bath with granite countertops and a walk-in shower. The updated kitchen includes quartz countertops, and both bathrooms have been tastefully remodeled. Additional upgrades include all hurricane-impact windows and door, updated electrical breakers, and an interior alarm system hardwired directly to the fire department. Furnishings negotiable. Residents of Cove Cay’s 24-hour guard-gated waterfront community enjoy a resort-style lifestyle with a public 18-hole golf course, marina with boat, jet ski and kayak rentals, two restaurants, fitness center, pool and hot tub. With strong HOA financials and resort-style surroundings, this property is ideal for full-time living, a seasonal retreat, or an investment opportunity. Enjoy maintenance-free Florida living with spectacular Tampa Bay views in one of Clearwater’s most desirable waterfront communities. Experience maintenance-free Florida living at it’s finest! Call today for your private showing! BUYER anad Buyer's Agent to verify all information.
Facts & features
The home at a glance
1
Bedrooms
1.5
Bathrooms
864
Sqft
0 ac
Lot size
1972
Year built
One
Levels
$197
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 — not generic estimates.
$1,373 /mo · 3.5% down FHA, 30-yr fixed at 6%
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
$1,373/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.
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
+5.2%
$/sqft vs Clearwater actives
$197 vs $232
Days on market
213 vs 70 typical
Where $197/sqft sits among the 400 Clearwater 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 Cove Cay
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Clearwater. See the full Clearwater guide →
Cove Cay — neighborhood snapshot
Population
1,073
Median age
61
Median income
$62,580
Median home value
$189,303
Avg household
2
Households w/ children
28%
For the school run
Pinellas County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Clearwater market
$328K → $324K
Clearwater median sold, yr/yr
95.8%
Sale-to-list ratio (12 mo)
241 of 400
Clearwater actives have cut their price
Median sold price, Clearwater, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 15% below the CLEARWATER 33760 median. See the full Clearwater market guide →
Paper trail
This home's history
Reality check
What actually sold near 2616 COVE CAY DRIVE UNIT 502
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$108,000
2939 LICHEN LANE UNIT D
2 bd · 1 ba · 872 sqft · $124/sqft · 5 DOM
Sold · Oct ’25$140,000
2911 LICHEN LANE UNIT D
2 bd · 1 ba · 872 sqft · $161/sqft · 35 DOM
Sold · Jun ’26$161,000
2902 LICHEN LANE UNIT D
2 bd · 1 ba · 872 sqft · $185/sqft · 38 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
Chad Creech
President, Commercial and Development Services · CENTURY 21 Edge
Tours, negotiation, and every question about 2616 COVE CAY DRIVE UNIT 502 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2616 COVE CAY DRIVE UNIT 502 — before you fall in love.
See it in person
Schedule a tour
Live availability from Chad's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
2616 COVE CAY DRIVE UNIT 502 FAQs
What would the monthly payment be for 2616 COVE CAY DRIVE UNIT 502?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,373/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 2616 COVE CAY DRIVE UNIT 502?+
The most recent tax bill on record (2025) was $1,657. 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 2616 COVE CAY DRIVE UNIT 502?+
The listing reports pets: Yes. 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 Clearwater?+
At $169,900, this home is listed about 43% below the Clearwater median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 2616 COVE CAY DRIVE UNIT 502?+
Belcher Elementary School (elementary), Oak Grove Middle School (middle), Pinellas Park High School (high) — Pinellas County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the CLEARWATER 33760 market on paper
$169,900 is 15% below the CLEARWATER 33760 median of $199,999, and at $197/sqft it sits under the Clearwater average of $288.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
213 days on market against a Clearwater median of 70 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $184,700, now $169,900 — a $15K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP · Michelle Rinello. MLS #TB8484987.
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.
Never miss a listing
New Clearwater homes, in your inbox
Like 2616 COVE CAY DRIVE UNIT 502 but not quite? A daily digest of every new listing in Clearwater — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Chad to ping you on any price or status change →