736 ISLAND WAY UNIT 406, CLEARWATER, FL, 33767
Active19 days on marketListed Sep 3, 2026MLS #TB8540468
About this home
736 ISLAND WAY UNIT 406
Experience the pinnacle of Florida coastal living in this stunning 2-bedroom, 2-bathroom, 1,930-square-foot residence at 736 Island Way #406. Nestled in prestigious Island Estates, this expanded waterfront home captures sweeping, unobstructed views of the Mandalay Channel and the Gulf of Mexico, filling almost every room with natural light and endless water vistas. Showcasing over $100,000 in brand-new, top-of-the-line hurricane-rated double-paned sliding glass doors and windows, this residence delivers ultimate energy efficiency, noise reduction, and peace of mind while framing front-row views of passing boats and dolphins. The sprawling layout feels like a private beach house, featuring an envy-worthy chef’s kitchen with solid wood cabinetry and Quartz countertops, a dedicated laundry room, and an expansive primary suite complete with a huge walk-in closet and generous en-suite bath. Offered optionally fully furnished, this turnkey sanctuary allows you to step right into a luxurious, relaxed lifestyle without missing a beat. Outside your private covered balcony, enjoy an extraordinary array of resort-style amenities, including a geothermal waterfront pool with tiki huts, tennis courts, fitness center, sauna, kayak launch, and available boat slips—all within a meticulous community featuring completed milestone inspections and fully funded reserves. Located just minutes from world-famous Clearwater Beach and a short stroll to local dining, banking, and Publix, this home presents a rare opportunity for true luxury on the water.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,930
Sqft
3 ac
Lot size
1974
Year built
One
Levels
$438
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.
$7,218 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$7,218/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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
+1.6%
$/sqft vs Clearwater actives
$438 vs $225
Days on market
19 vs 53 typical
Where $438/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 Island Estate
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Clearwater. See the full Clearwater guide →
Island Estate — neighborhood snapshot
Population
2,783
Median age
62
Median income
$108,222
Median home value
$631,400
Avg household
2
Households w/ children
223
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 → $336K
Clearwater median sold, yr/yr
95.8%
Sale-to-list ratio (12 mo)
252 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 52% above the CLEARWATER 33767 median. See the full Clearwater market guide →
Paper trail
This home's history
Reality check
What actually sold near 736 ISLAND WAY UNIT 406
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$745,000
736 ISLAND WAY UNIT 303 · same community
2 bd · 2 ba · 1,930 sqft · $386/sqft · 102 DOM
Sold · Mar ’26$750,000
736 ISLAND WAY UNIT 606 · same community
2 bd · 2 ba · 1,930 sqft · $389/sqft · 100 DOM
Sold · Apr ’26$740,000
736 ISLAND WAY UNIT 604 · same community
2 bd · 2 ba · 1,960 sqft · $378/sqft · 205 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
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 736 ISLAND WAY UNIT 406 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 736 ISLAND WAY UNIT 406 — before you fall in love.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
736 ISLAND WAY UNIT 406 FAQs
What would the monthly payment be for 736 ISLAND WAY UNIT 406?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,218/mo — principal and interest, the actual property-tax bill, the $1,151/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 736 ISLAND WAY UNIT 406?+
The association fee works out to $1,151 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 736 ISLAND WAY UNIT 406?+
The most recent tax bill on record (2025) was $12,362. 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 736 ISLAND WAY UNIT 406?+
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 $845,000, this home is listed about 203% above the Clearwater median of $279,000. The market section on this page shows how the area is trending.
Which schools are assigned to 736 ISLAND WAY UNIT 406?+
Sandy Lane Elementary School (elementary), Dunedin Highland Middle School (middle), Clearwater 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
01Positioned at the premium end
$845,000 runs 52% above the CLEARWATER 33767 median — but at 1,930 sqft it's also 52% larger than the typical Clearwater listing.
02Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
03Know the monthly fee
The association fee is $1,151/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Strong assigned schools
Sandy Lane Elementary School, Dunedin Highland Middle School, Clearwater High School — Dunedin Highland Middle School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of REDFIN CORPORATION · Feven Abraham. MLS #TB8540468.
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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