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Active - House for sale

487 ISLAND WAY, Clearwater, FL

3 bds|2 bth + 1 half|2,926 sqft

Facts & features

House Property type
9 days on Beycome
1969 Year built
$680 Price/Sqft.
2 car garage Parking
10,293 sqft Lot size

Why you’ll love it

  • Waterfront
  • Pool
  • Garage
  • Granite counters
  • Walk-in closet

WELCOME TO WATERFRONT PARADISE IN CLEARWATER BEACH! SPECTACULAR CHANNEL VIEWS, PRIVATE DOCK, SALTWATER POOL, AND THE WORLD-FAMOUS CLEARWATER BEACH JUST MINUTES AWAY! Discover the Florida coastal lifestyle you've always imagined at 487 Island Way, located in the highly desirable ISLAND ESTATES waterfront community. Imagine waking up to breathtaking, UNOBSTRUCTED WATER VIEWS, enjoying your morning coffee overlooking the channel, spending afternoons cruising the Intracoastal Waterway, and returning home to your own PRIVATE TROPICAL RETREAT. Offering 2,926 SQ FT of living space, this spacious SINGLE-STORY residence features 3 BEDROOMS, 2 FULL BATHROOMS, 1 HALF BATH, and an exceptional combination of waterfront living, comfort, and privacy. From the moment you enter, expansive living areas and picturesque water views create an inviting atmosphere. The impressive 18-by-28-foot GREAT ROOM features custom built-ins and generous space for entertaining, while the kitchen offers GRANITE COUNTERTOPS, rich wood cabinetry, and beautiful views of the water. The PRIMARY SUITE provides a peaceful retreat with a walk-in closet and waterfront scenery. Step outside and experience what makes this property truly special. A spacious pool deck surrounds your PRIVATE SALTWATER SWIMMING POOL, complemented by an outdoor shower, beautifully maintained landscaping, tropical palm trees, and privacy fencing. With approximately 60 FEET OF INTRACOASTAL WATERFRONT, a PRIVATE DOCK, and BOAT LIFT, your next boating adventure begins right in your backyard. Enjoy boating, fishing, paddleboarding, or simply watching boats glide along the channel from the comfort of home. Additional highlights include a 2-CAR GARAGE with epoxy flooring and overhead storage, a generous driveway, a full-size laundry room, a built-in speaker system, water filtration, and a water softener. Storm-protection features include ANDERSEN WINDOWS AND SLIDING GLASS DOORS, ELECTRIC ROLL-DOWN STORM SHUTTERS, ACCORDION SHUTTERS, and protective window coverings. The home also features a HIGH-EFFICIENCY CARRIER HVAC SYSTEM installed in 2018. According to the seller's description, the property DID NOT EXPERIENCE FLOODING DURING RECENT HURRICANES. Beyond your front door, ISLAND ESTATES offers one of Clearwater's most desirable coastal lifestyles. Enjoy convenient access to PUBLIX, WATERFRONT DINING, LOCAL RESTAURANTS, and the renowned CLEARWATER MARINE AQUARIUM. Just minutes away, discover the shimmering sands and turquoise Gulf waters of CLEARWATER BEACH, the natural beauty of SAND KEY PARK, the waterfront energy of PIER 60, and the restaurants, entertainment, and spectacular sunsets that make this destination famous. Explore the area by bicycle, car, or JOLLEY TROLLEY while enjoying the convenience of nearby shopping and everyday essentials. With NO HOA FEES, an approximately QUARTER-ACRE LOT, generous indoor and outdoor entertaining areas, and an exceptional waterfront setting, this property offers the opportunity to enjoy the Florida lifestyle every day. THIS IS MORE THAN A HOME - IT'S YOUR PRIVATE WATERFRONT ESCAPE. EXPERIENCE ISLAND ESTATES LIVING AND SCHEDULE YOUR PRIVATE SHOWING TODAY!

Translating description...

Listings courtesy of LPT REALTY, LLC. as distributed by MLS GRID.

Listed by: Oleg Shypitsyn • OlegHousingPro@gmail.com • LPT REALTY, LLC.

Co-listed by: LPT REALTY, LLC.

Source: Stellar MLS as distributed by MLS GRID, MLS#: TB8563192 Stellar MLS as distributed by MLS GRID logo

Based on info available as of Nov 11, 2026 at 1:01 PM EST.

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Affordability

$1,295,000$2,685,000
1%20%
0%90%
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Estimated monthly payment

$11,678/mo

  • Mortgage$10,063
  • Property tax$1,616
  • HOA fee
  • Homeowners insurance
Due at closing$1,582,050
Down payment held in escrow$398,000
Closing costs$29,850
beycome credit Est.$39,800

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Island Estates Of Clearwater Unit 6-B

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 9 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Nov 11, 2026 at 01:01pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$1,990,000 Listed price

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$39,800 Credit back

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