508 ISLEBAY DRIVE, APOLLO BEACH, FL, 33572
Active31 days on marketListed Jun 23, 2026MLS #TB8518837
About this home
508 ISLEBAY DRIVE
508 Islebay Drive | 4 Bedrooms | 3.5 Bathrooms | 3,475 Sq. Ft. | Waterfront Pool Home in MiraBay Experience waterfront living at 508 Islebay Drive, a beautifully updated 4-bedroom, 3.5-bathroom home with a dedicated office, private dock, heated pool and spa, and direct saltwater canal access in the gated MiraBay community. Offering 3,475 square feet of refined living space, this contemporary waterfront residence features a remodeled first floor, an updated primary bathroom, a modernized fireplace, and thoughtfully selected upgrades throughout. The chef-inspired kitchen includes solid wood cabinetry, stone countertops, and premium Jenn-Air appliances replaced in 2023. The spacious first-floor primary suite provides a private retreat with a spa-style en suite bathroom featuring dual vanities and multiple shower heads. Additional interior improvements include new Toto toilets. The roof and water heater were replaced in 2021, adding comfort and long-term value. Designed for Florida indoor-outdoor living, the home features an impressive 50-foot screened lanai overlooking the canal. The outdoor entertaining area includes a heated gunite pool and spa, a fully equipped outdoor kitchen, and pool equipment updated in 2021 with solar, electric, and gas heating options. Boating enthusiasts will appreciate the private dock with a 16,000-pound boat lift and a separate jet ski lift, offering convenient access to the canal and surrounding waterways. MiraBay residents enjoy access to community amenities including a clubhouse, fitness center, resort-style pools, tennis courts, parks, and private boating facilities. This exceptional MiraBay waterfront home combines refined interior finishes, extensive outdoor entertaining space, and direct boating access. Schedule your private showing of 508 Islebay Drive today.
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
3,475
Sqft
0.28 ac
Lot size
2
Garage
2004
Year built
Two
Levels
$345
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.
$8,657 /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
$8,657/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
+2.4%
$/sqft vs MIRABAY PH 1B-1/2A-1/3B-1
$345 vs $428
Days on market
31 vs 56 typical
Where $345/sqft sits among the 6 homes for sale in MIRABAY PH 1B-1/2A-1/3B-1
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 Mirabay
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Apollo Beach. See the full Apollo Beach guide →
Mirabay — neighborhood snapshot
Population
2,133
Median age
56
Median income
$98,381
Median home value
$406,778
Avg household
2
Households w/ children
218
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Apollo Beach market
$450K → $472K
Apollo Beach median sold, yr/yr
97.3%
Sale-to-list ratio (12 mo)
4 of 6
MIRABAY PH 1B-1/2A-1/3B-1 have cut their price
Median sold price, Apollo Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 166% above the APOLLO BEACH 33572 median. See the full Apollo Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 508 ISLEBAY DRIVE
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$525,000
405 ISLEBAY DRIVE · same community
5 bd · 3.5 ba · 3,351 sqft · $157/sqft · 118 DOM
Sold · Jun ’26$865,000
528 ISLEBAY DRIVE · same community
5 bd · 4 ba · 3,304 sqft · $262/sqft · 69 DOM
Sold · May ’26$902,500
5517 MERRITT ISLAND DRIVE · same community
5 bd · 3 ba · 3,172 sqft · $285/sqft · 71 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 508 ISLEBAY DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 508 ISLEBAY DRIVE — 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
508 ISLEBAY DRIVE FAQs
What would the monthly payment be for 508 ISLEBAY DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,657/mo — principal and interest, the actual property-tax bill, the $16/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 508 ISLEBAY DRIVE?+
The association fee works out to $16 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 508 ISLEBAY DRIVE?+
The most recent tax bill on record (2025) was $18,735. 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 508 ISLEBAY DRIVE?+
The listing reports pets: Cats OK, Dogs OK, 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 Apollo Beach?+
At $1,199,000, this home is listed about 145% above the Apollo Beach median of $490,000. The market section on this page shows how the area is trending.
Which schools are assigned to 508 ISLEBAY DRIVE?+
Apollo Beach K-8 School (elementary), Lennard High School (high), Patricia Sullivan Metropolitan Ministries Partnership School (elementary) — Hillsborough 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
$1,199,000 runs 166% above the APOLLO BEACH 33572 median — but at 3,475 sqft it's also 64% larger than the typical Apollo Beach listing.
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
Apollo Beach K-8 School, Lennard High School, Patricia Sullivan Metropolitan Ministries Partnership School — Apollo Beach K-8 School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $1,214,000, now $1,199,000 — a $15K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of 27NORTH REALTY · Shawna Calvert. MLS #TB8518837.
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 Apollo Beach homes, in your inbox
Like 508 ISLEBAY DRIVE but not quite? A daily digest of every new listing in Apollo Beach — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →