by RH Advisors

See Home Value
$845,000
House - Off Market

501 Island WAY

CLEARWATER, FL 33767
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1944 Sqft
$5,171
Estimated Monthly
$0
HOA / Fees
3.31%
Cap Rate

About This Property

NEW HOT PRICE TO SELL, $100K BELOW ORIGINAL, HIGH VALUE LOCATION, ISLAND ESTATES (affectionately known as the Beverly Hills of Clearwater!), COMPLETELY UPDATED, MODERN LUXURY, BEST U.S. BEACHES, NO HOA, NO CDD!

Make your Florida dream a reality. Welcome home to 501 Island Way; an opportunity to purchase a great primary home or investment property ($6,500 monthly rental income potential) at Island Estates, amazingly the only SFR for under a million dollars! Enjoy the feel and look of new, with this completely remodeled home on a spacious corner lot. Located on the very desirable tropical paradise on Island Estates, you will love living here! Island Estates is a quiet island neighborhood in Clearwater Bay, home to the Clearwater Marine Aquarium, the inspiration and set for the amazing true stories of the Dolphin Tale movies. Come live the peaceful Island Life while enjoying plentiful convenient amenities. The residential upscale waterfront community on Clearwater Bay, is renowned for its walkability to everything one needs; dining, shopping, grocery stores, beautiful Clearwater beach, fleet of charter fishing and sightseeing vessels, and rental of watercrafts, are just a few mins away! (3-9 mins car/bike ride, 10-35 mins walk). Access by boat from local marinas to the Gulf of Mexico through the Clearwater Intracoastal (15mins). Clearwater beach has been named #1 in the U.S. in 2016, 2018, 2019 and 2021 and #5 in the World (2021), # 1 in the South (2023), is only 1.6 miles from this beautifully appointed home. All this without any HOA or Condo Fees! This is a spacious single-family 3 bed / 2 bath home tastefully remodeled with all modern fixtures. Delight your family and friends with the wow effect of an open concept home with a sizeable kitchen, granite countertops, new stainless-steel appliances, new cabinetry, beautifully tiled flooring throughout the kitchen and dining area, and a large island with cabinets and butler's pantry. Great for entertaining, the broad living room space opens into an airy and expansive Florida room with its own full bar area, and end to end windows that bring in bright light throughout the living space. There is abundant additional space for big gatherings and meals with a large modern dining area that includes 6' sliders leading to the patio. The en suite and second bath are both remodeled including new tile, cabinetry, glass shower doors and beautiful fixtures. The primary and two guest bedrooms are all generously spaced rooms for comfort and convenience. This home is 35 miles from Tampa International Airport and less than 25 miles from NFL, MLB, NHL games in Tampa/St Pete area. Additional features and recent upgrades: The complete interior remodel was done 2022/2023. New laminate floors in all bedrooms and main living spaces. New Paint on interior and exterior and the spacious two car garage has new epoxy flooring. A new paver tile wrap-around patio has been installed. Other improvements include the installation of a new main water line from the meter. Kitchen & baths, new plumbing. Electric Panel upgrade- 200 Amps. New fully furnished Pergola with roof that can support deck. A new HVAC (2019) and water heater (2022). Hurricane windows with lifetime transferrable warranty. New roof with 50-year shingle, with transferrable warranty (2021). Additionally, Orkin termite Service Agreement is fully paid through June 2024. All furniture & TVs convey. A one-year Home Warranty will be provided to buyers.
Unit Size
1,944Ft²
Days on Market
125 days
Land Size
0.24 acres
Price per sqft
$447
Property Type
House
Property Taxes
$903
HOA Dues
-
Year Built
1966
Last updated: 23 days ago (Stellar MLS #A4591113)

Price History

Date / Event Date Event Price
Apr 4, 2024 Sold $845,000
Sold
Feb 28, 2024 In contract -
In contract
Feb 19, 2024 Price Decreased $869,000
↓ $31K (3.4%)
Price Decreased
Feb 1, 2024 Price Decreased $899,888
↓ $49K (5.2%)
Price Decreased
Jan 12, 2024 Price Decreased $948,888
↓ $51K (5.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • Interior Walls Type: Composition
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 552
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,603
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 1,944
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,944
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ISLAND ESTATES OF
  • Land Acres: 0.243
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ISLAND ESTATES OF CLEARWATER UNIT 6-B LOT 74

Ownership

  • Current Owner : ANILE PAUL
  • Current Owner 2: THE PAUL ANILE 2002 TRUST
  • Previous Owner : ADVANTA IRA SERVICES LLC
  • Owner Before Previous Owner: SLAUGHTER GLORIA
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Pinellas County School District
  • Census Tract: 026001

Geography

  • Assessors Map Reference: 77
  • Account Number: R44580
  • District: CW
  • Subdivision Tract Number: 43434
  • Parcel: 05-29-15-43434-000-0740
  • Lot: 74
  • Meridian: SEC 5 TWN 29S RNG 15E
  • Municipality: CLEARWATER
  • Latitude: 27.9851
  • Longitude: -82.8179

    Address

  • Full Address: 501 Island Way
  • Address - House Number: 501
  • Address - Street Name: Island
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Clearwater Beach
  • Carrier Code: C061
  • 4-Digit Zip Code: 1902
  • Zip Code: 33767

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,837
  • Tax Rate Code Area: CW

    Appraisal Valuation

  • Standard Deviation: 0.0865
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 93
  • Final Value: 993,834
  • High Value: 1,079,863
  • Low Value: 907,805

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $436,500
  • First Open Lien Mortgage Lender: ALBA NUBIA LORENTE REVCOABLE L
  • First Open Lien Mortgage Recording Date: Nov 02, 2020
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 30, 2025
  • Second Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • Second Open Lien Mortgage Recording Date: Sep 21, 2021
  • Second Open Lien Mortgage Loan Amount: $236,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $647,610
  • Market Land Value: $465,431
  • Market Improvement Value: $182,179

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $647,610
  • Assessed Land Value: $465,431
  • Assessed Improvements Value: $182,179

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Transaction ID: 11796204736
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020329151
  • Previous Sale Recording Date: Jun 18, 2018
  • Previous Sale Contract Date: Jun 18, 2018
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALBA NUBIA LORENTE REVCOABLE L
  • First Mortgage Transaction Date: Nov 02, 2020
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Oct 30, 2025



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
3 Baths
1,960 ft²
$587/ft²
$1,150,000 Mar 31, 2023
$1,150,000 Aug 22, 2023
$1,182/mo
Condo
3 Beds
3 Baths
1,886 ft²
$449/ft²
$847,000 May 19, 2023
$847,000 Aug 18, 2023
$920/mo
Townhouse
3 Beds
4 Baths
1,930 ft²
$479/ft²
$925,000 Sep 20, 2023
$925,000 Oct 6, 2023
$773/mo
Condo
3 Beds
2 Baths
1,982 ft²
$532/ft²
$1,054,000 Sep 27, 2021
$1,054,000 Oct 4, 2023
$4,475/mo
Condo
3 Beds
2 Baths
1,982 ft²
$524/ft²
$1,039,000 Aug 23, 2021
$1,039,000 Oct 13, 2023
$4,475/mo
Townhouse
3 Beds
3 Baths
1,870 ft²
$428/ft²
$800,000 Jun 24, 2023
$800,000 Aug 18, 2023
$976/mo
Condo
3 Beds
2 Baths
1,920 ft²
$469/ft²
$899,900 Apr 25, 2023
-
$655/mo
Condo
3 Beds
2 Baths
1,965 ft²
$529/ft²
$1,040,000 May 18, 2023
-
-
Condo
3 Beds
2 Baths
1,828 ft²
$544/ft²
$995,000 Nov 6, 2023
-
$1,196/mo
Condo
3 Beds
2 Baths
1,965 ft²
$585/ft²
$1,150,000 Sep 29, 2023
-
-
Condo
3 Beds
2 Baths
1,900 ft²
$592/ft²
$1,125,000 May 19, 2023
-
-
House
2 Beds
2 Baths
1,676 ft²
$566/ft²
$949,000 Nov 24, 2023
-
$536/mo

About Island Estate


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Frequently Asked Questions

When was property at 501 Island Way built and last sold?
The property at 501 Island Way was built in 1966 and last sold on Oct 22, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 501 Island Way is $877,534.
What are some comparable homes to 501 Island Way?
Homes that are comparable to 501 Island Way include a condo property at 736 Island Way, 211 Dolphin Point, 200 Skiff Point.

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