650 ISLAND WAY UNIT 602, CLEARWATER, FL, 33767
Active6 days on marketListed Oct 16, 2026MLS #TB8558616
About this home
650 ISLAND WAY UNIT 602
Waterfront Living with a 13,000-Pound Boat Lift, Southwest-Facing Balcony, and Extensive Building Improvements! Discover the appeal of coastal living in this two-bedroom, two-bath condominium overlooking Mandalay Channel on desirable Island Estates, just minutes from Clearwater Beach. Offering 1,218 square feet of living space, this sixth-floor residence combines comfortable interiors, beautiful Intracoastal Waterway views, and exceptional boating amenities. The living and dining room combination provides an inviting space for relaxing or entertaining, while the private southwest-facing balcony offers a wonderful vantage point for enjoying passing boats, afternoon sunshine, and colorful evening skies over the water. New flooring installed in 2025 enhances the interior, while new hurricane-rated windows and sliding glass doors were installed during the building's extensive remediation project. For boating enthusiasts, the residence includes the use of assigned Boat Slip 8, equipped with a 13,000-pound boat lift, providing convenient access to the Intracoastal Waterway and surrounding waterways. An assigned covered carport adds everyday convenience. The condominium building has undergone an extraordinary series of capital improvements, representing a significant investment in its appearance, infrastructure, and long-term durability. Improvements completed in 2026 include a new roof and fascia, new HardiePlank siding throughout the building, fresh exterior painting, new outdoor lighting, new covered carports, new mailboxes, and a new tiki hut. The parking lot is also scheduled to be resurfaced and sealed in 2026. Additional improvements include updated stairwells in 2025 and elevator modernization completed in 2023, with further updates in 2025. The waterfront infrastructure has also been extensively upgraded, with a comprehensive dock reconstruction project completed in 2024. This project included a new seawall raised 12 inches, a new dock raised 12 inches, a catwalk raised 20 inches, and new pilings, electrical service, water connections, and lighting. Residents also enjoy lush tropical landscaping, a convenient car wash area, and a designated dog walk area. All assessments associated with these improvements have been paid by the sellers, providing an additional benefit to the next owner. Located on Island Estates, this waterfront residence offers the perfect balance of a relaxed island atmosphere and convenient access to Clearwater Beach's renowned white-sand beaches, waterfront dining, shopping, and entertainment.Waterfront views, your boat just steps away, and major building improvements already completed and paid for—what are you waiting for? Schedule your private showing and start imagining life on Island Estates!
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,218
Sqft
1988
Year built
One
Levels
$390
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.
$4,436 /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
$4,436/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
+22.6%
$/sqft vs Clearwater actives
$390 vs $245
Days on market
6 vs 62 typical
Where $390/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 → $324K
Clearwater median sold, yr/yr
95.8%
Sale-to-list ratio (12 mo)
239 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 16% below the CLEARWATER 33767 median. See the full Clearwater market guide →
Paper trail
This home's history
Reality check
What actually sold near 650 ISLAND WAY UNIT 602
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$375,000
650 ISLAND WAY UNIT 405 · same community
2 bd · 2 ba · 1,218 sqft · $308/sqft · 0 DOM
Sold · Aug ’26$385,000
650 ISLAND WAY UNIT 106 · same community
2 bd · 2 ba · 1,218 sqft · $316/sqft · 169 DOM
Sold · Jul ’26$570,000
450 S GULFVIEW BOULEVARD UNIT 704
2 bd · 2 ba · 1,186 sqft · $481/sqft · 34 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
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 650 ISLAND WAY UNIT 602 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 650 ISLAND WAY UNIT 602 — before you fall in love.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
650 ISLAND WAY UNIT 602 FAQs
What would the monthly payment be for 650 ISLAND WAY UNIT 602?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $4,436/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 650 ISLAND WAY UNIT 602?+
The most recent tax bill on record (2025) was $9,662. 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 650 ISLAND WAY UNIT 602?+
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 $474,900, this home is listed about 58% above the Clearwater median of $299,785. The market section on this page shows how the area is trending.
Which schools are assigned to 650 ISLAND WAY UNIT 602?+
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
01Under the CLEARWATER 33767 market on paper
$474,900 is 16% below the CLEARWATER 33767 median of $565,000.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Fresh on the market
Only 6 days on market in a Clearwater market that averages 62 — if it fits, move quickly.
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 COASTAL PROPERTIES GROUP INTERNATIONAL · Lindsay Irwin. MLS #TB8558616.
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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