Condominium at 400 ISLAND WAY #509, CLEARWATER
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$459,900

400 ISLAND WAY #509
CLEARWATER, FL 33767
Listed by David Shabliy · KELLER WILLIAMS ST PETE REALTY
Bedrooms
2
Bathrooms
2
Living area
1,300 sqft
Year built
1978

About this home

Experience the absolute pinnacle of COASTAL LUXURY and HIGH-YIELD investment just one MAGNIFICENT mile from the WORLD-FAMOUS, SUGAR-WHITE sands of Clearwater Beach. Nestled within the HIGHLY SOUGHT-AFTER and PRESTIGIOUS Island Estates enclave, 400 Island Way #509 is an EXTRAORDINARY, 1,300-square-foot sanctuary that operates as a PROVEN, YEAR-ROUND revenue generator while offering an OPULENT personal retreat whenever the coast calls you home. Designed as the ULTIMATE, SOPHISTICATED pied-à-terre, a SEAMLESS, HANDS-FREE management system allows you to effortlessly harvest PREMIUM rental income during peak seasons while reserving EXCLUSIVE weeks for your own SUN-DRENCHED escapes. Adding INCREDIBLE value to this RARE offering, FLEXIBLE Seller Financing is available, providing a SEAMLESS, VIP path to ownership for DISCERNING investors and HIGH-NET-WORTH buyers alike who want to immediately capitalize on this 365-DAY-A-YEAR income producer. EXQUISITELY reimagined with MODERN COASTAL elegance, the SPRAWLING, LIGHT-FILLED OPEN-CONCEPT living space is framed by BRAND-NEW, HURRICANE-IMPACT doors and windows that flood the home with NATURAL Florida sunshine. The EPICUREAN CHEF’S kitchen serves as a BREATHTAKING centerpiece for entertaining, showcase-fitted with CUSTOM WARM-WOOD cabinetry rising gracefully to the ceiling, BEAUTIFUL crown molding, a new refrigerator, and RICH, POLISHED cream-and-taupe NATURAL granite countertops that extend into an EXPANSIVE breakfast bar. From there, the OPULENT living and dining quarters effortlessly transition out to a PRIVATE, ELEVATED balcony, offering TRANQUIL panoramas across Island Estates with SERENE, SHIMMERING glimpses of the Intracoastal Waterway. The LUXURIOUS attention to detail continues into both full bath sanctuaries, which have been LAVISHLY modernized with CUSTOM-TILED walk-in showers, complemented by SPACIOUS mirrored DESIGNER closets and the ULTIMATE convenience of a PRIVATE IN-UNIT washer and dryer. No expense has been spared in this FULLY FURNISHED masterpiece—from three new smart TVs and DESIGNER lighting to ULTRA-PLUSH linens, HIGH-END cookware, and HIGH-SPEED internet, ensuring a TRULY TURN-KEY experience from day one. When you are ready to explore, this PRIME address places WORLD-CLASS waterfront dining, LUXURY boutiques, and VIBRANT COASTAL nightlife just a LEISURELY walk or SCENIC Jolley Trolley ride away. Returning home, Island Estates provides a PREMIER, RESORT-CALIBER lifestyle, granting residents and guests EXCLUSIVE access to an OVERSIZED HEATED swimming pool, a RELAXING Jacuzzi, CHARMING tiki huts equipped with BBQ grill stations, a GRAND clubhouse featuring a billiards lounge, and a STATE-OF-THE-ART fitness center complete with DRY saunas and PRIVATE storage. Whether you seek an ELITE, HIGH-YIELD revenue asset, an OPULENT FULLY FURNISHED waterfront retreat, or a MASTERFUL hybrid of both, this property delivers an UNMATCHED fusion of prestige, location, and cash flow. Schedule your PRIVATE viewing today and claim your piece of the Clearwater Beach lifestyle.

Property details

MLS #
MFRTB8547102
Property type
Condominium
Subdivision
STARBOARD TOWER
Status
Active
Days on market
14
On market date
September 11, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
2.93 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
SANDY LANE ELEMENTARY SCHOOL
2.25 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
324
Student:teacher ratio
10.5:1
District
PINELLAS
Middle
DUNEDIN HIGHLAND MIDDLE SCHOOL
2.73 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,022
Student:teacher ratio
19.7:1
District
PINELLAS
High
CLEARWATER HIGH SCHOOL
4.03 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,563
Student:teacher ratio
20.3:1
District
PINELLAS

Walkability

Blended score for CLEARWATER's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

67
Walkable
out of 100
EPA National Walkability Index
12.2 / 20 -- Above average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores1
Parks11
Schools1
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in CLEARWATER, from live MLS data.

On the market 14 days -- 93 fewer days than CLEARWATER's current average of 107 days.
For reference, the median list price across 1,836 active listings in CLEARWATER right now is $220,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,920/mo
$91,980 down
$367,920 loan
Principal & interest$2,386
Property tax (est.)$383
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 9 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.