31 ISLAND WAY UNIT 505, CLEARWATER BEACH, FL, 33767
Active19 days on marketListed Jul 17, 2026MLS #S5153920
About this home
31 ISLAND WAY UNIT 505
DIRECT VIEWS OF CLEARWATER BEACH & THE SPARKLING GULF OF AMERICA! Welcome to this move-in-ready, spacious waterfront 1-bedroom, 1-bathroom co-op located on the highly desirable Island Estates in Clearwater Beach. From the moment you enter, you are greeted by breathtaking panoramic water views of Clearwater Harbor that can be enjoyed from every room. The home features large southwest-facing windows that fill the space with natural light and showcase stunning sunsets over the water and the beauty of Clearwater Beach. The bedroom offers oversized windows with incredible waterfront views, creating a peaceful retreat where you can wake up to the beauty of the coast. The unit is offered with furnishings optional, making it easy to move right in and start enjoying the Florida lifestyle. Additional features include an upgraded FOB entry system for added security and convenience. The community offers an impressive array of amenities and services, including cable TV, internet, water, sewer, trash, electricity, insurance, exterior maintenance, grounds maintenance, repairs, pest control, pool maintenance, recreational facilities, and on-site management. Enjoy resort-style living with a community pool, fishing pier, boat dock, outdoor grilling area, recreation center, library, fitness room, indoor bike storage, free laundry facilities, private storage closets located on your floor, and game areas featuring ping pong and pool tables. Perfectly situated on Island Estates, you are just steps away from popular restaurants, shopping, grocery stores, and entertainment. The Clearwater Marine Aquarium is directly across the street, along with the iconic Island Way Grill and convenient Jolly Trolley service, providing easy access to Clearwater Beach and surrounding attractions. Experience waterfront living at its finest with spectacular views, incredible amenities, and an unbeatable location in one of Clearwater Beach’s most desirable communities.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
1,005
Sqft
2.81 ac
Lot size
1962
Year built
One
Levels
$264
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.
$2,210 /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
$2,210/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
+17.1%
$/sqft vs HORIZON HOUSE CO-OP
$264 vs $274
Days on market
19 vs 71 typical
Where $264/sqft sits among the 8 homes for sale in HORIZON HOUSE CO-OP
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 Beach. See the full Clearwater Beach 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 Beach market
$535K → $885K
Clearwater Beach median sold, yr/yr
93.9%
Sale-to-list ratio (12 mo)
3 of 8
HORIZON HOUSE CO-OP have cut their price
Median sold price, Clearwater Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 52% below the CLEARWATER BEACH 33767 median. See the full Clearwater Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 31 ISLAND WAY UNIT 505
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$250,000
31 ISLAND WAY UNIT 505 · same community
1 bd · 1 ba · 1,005 sqft · $249/sqft · 36 DOM
Sold · Mar ’26$230,000
31 ISLAND WAY UNIT 303 · same community
1 bd · 1 ba · 995 sqft · $231/sqft · 26 DOM
Sold · Mar ’26$263,000
31 ISLAND WAY UNIT 1107 · same community
2 bd · 2 ba · 1,295 sqft · $203/sqft · 153 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 31 ISLAND WAY UNIT 505 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 31 ISLAND WAY UNIT 505 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
31 ISLAND WAY UNIT 505 FAQs
What would the monthly payment be for 31 ISLAND WAY UNIT 505?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,210/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 31 ISLAND WAY UNIT 505?+
The most recent tax bill on record (2024) was $4,469. 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 31 ISLAND WAY UNIT 505?+
The listing reports pets: No. 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 Beach?+
At $265,000, this home is listed about 67% below the Clearwater Beach median of $799,000. The market section on this page shows how the area is trending.
Which schools are assigned to 31 ISLAND WAY UNIT 505?+
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
Three things that matter here
01Under the CLEARWATER BEACH 33767 market on paper
$265,000 is 52% below the CLEARWATER BEACH 33767 median of $555,000, and at $264/sqft it sits under the Clearwater Beach average of $671.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong 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 NONA LEGACY POWERED BY LA ROSA · Raymundo Rosado. MLS #S5153920.
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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