About 425 Island Way
Under contract-accepting backup offers. A rare waterfront land parcel situated on the shores of Clearwater Harbor within the prestigious Island Estates community, one of Clearwater's most exclusive waterfront neighborhoods. Entitled for up to 21 residential units under MHDR-NCOD zoning with a Future Land Use designation of Residential High, this 0.71-acre (31,237 SF) site features direct Clearwater Harbor frontage with potential for boat slips, and represents one of the last remaining developable parcels of meaningful scale in the submarket. Island Estates, one of Clearwater's most supply-constrained market. Tampa–St. Petersburg–Clearwater MSA — one of the fastest-growing metros in the U.S. Demolition-ready existing structure-economically justified under FEMA'S 50% Rule (Zoned AE) All information is deemed reliable but not guaranteed and should be independently verified by Buyer. Buyer is responsible for verifying zoning, permitted uses, development potential, dimensions, approvals, and all other matters affecting the property.
Features of 425 Island Way
| MLS® # | TB8521416 |
|---|---|
| Price | $2,850,000 |
| Acres | 0.71 |
| Type | Land |
| Sub-Type | Land |
| Status | Pending |
Community Information
| Address | 425 Island Way |
|---|---|
| Area | Clearwater/Clearwater Beach |
| City | CLEARWATER |
| County | Pinellas |
| State | FL |
| Zip Code | 33767 |
Amenities
| View | Water |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Waterfront, Bay/Harbor, Canal - Saltwater, Intracoastal Waterway |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Level |
|---|
Additional Information
| Date Listed | June 19th, 2026 |
|---|---|
| Days on Market | 78 |
| Zoning | MHDR-NCOD |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | MAGNATE REALTY, LLC |
|---|