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425 Island way 0.71 Acres of Residential Land Offered at $2,850,000 in Clearwater, FL 33767

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Investment Highlights

981 Feet of Waterfront
Access To Intracoastal Waterway

White Water Ocean Views
0.75 Acre Lot

Executive Summary

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 22 residential units under MHDR-NCOD zoning with a Future Land Use designation of Residential High, this 0.75-acre (32,569 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. Entitled for up to 22 residential units under MHDR-NCOD zoning — density secured Future Land Use: Residential High (RH) — supports condominium or townhome redevelopment .71 acres / 31,237 SF in 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.

Property Facts

Price	$2,850,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Proposed Use	Apartment Units - Condo
No. Lots	1	Total Lot Size	0.71 AC
Zoning	MHDR-NCOD - permitting medium high-density residential redevelopment

Price	$2,850,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units - Condo
Total Lot Size	0.71 AC
Zoning	MHDR-NCOD - permitting medium high-density residential redevelopment

1 Lot Available

Lot 1

Price	$2,850,000	Lot Size	0.71 AC
Price Per AC	$4,014,084.51

Price	$2,850,000
Price Per AC	$4,014,084.51
Lot Size	0.71 AC

This rare 0.71-acre waterfront parcel in the prestigious Island Estates community offers one of the last remaining development opportunities of scale in Clearwater Beach’s highly coveted submarket.

Description

The property at 425 Island Way is a waterfront land parcel in Clearwater, Florida, located within Island Estates. It measures approximately 0.75 acres (32,569 square feet) and is zoned MHDR-NCOD, permitting medium high-density residential redevelopment. The site fronts Clearwater Harbor and is within a supply-constrained neighborhood composed primarily of residential developments. The parcel is served by public utilities including water, sewer, and electricity. The location offers road access from SR 60 Memorial Causeway via Island Way and is approximately 20 miles from Tampa International Airport and within reach of U.S. Highway 19.

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