#TB8389043, Brian Pelfrey, Listing office: SAND KEY REALTY
125 Island Way Unit 502 Clearwater Beach, FL 33767
Property details
About 125 Island Way Unit 502
A Boater’s Dream with Rare 50-Foot, deep-water slip included in sale price! Building allows for 31 day minimum rental periods. Enjoy your tropical escape while being an income producing rental while you're away. Conveniently located in the heart of Island Estates across the street from Publix, post office, restaurants and more. This exquisite waterfront residence is more than just a luxury condo—it’s a gateway to an exceptional boating lifestyle. Included in the sale is a deeded boat slip offering direct access to the Intracoastal and just minutes to the Gulf of Mexico. This rare slip is a prized asset in the heart of Island Estates. Newly constructed under contemporary building codes, this 3-bedroom, 2-bath unit blends coastal elegance with modern design. From the moment you step into the grand foyer, you’re greeted by an open-concept floor plan, tray ceiling, and sleek 24x24 tile flooring. The gourmet kitchen features quartz countertops, a central island, premium GE Café appliances, and stylish lighting, flowing seamlessly into a spacious living room with sliders that lead to a 30-foot covered balcony—perfect for entertaining or soaking in the sweeping water views. The primary suite offers private access to the balcony and a luxurious en suite bathroom with glass-enclosed shower, pebble-stone tile, dual quartz vanities, and refined finishes. Two additional bedrooms provide versatility as guest rooms, a home office, or wellness space. This exclusive, resort-style community—Dolphin Harbour—boasts a glistening pool and hot tub, waterside seating, grilling station, and two assigned parking spaces (one covered). Located on Florida’s intracoastal waterway and a short distance to the world-famous Clearwater Beach, this exceptional home offers both refined living and unparalleled boating access. And bring your pets are 2ea dogs x 50 lbs each allowed.
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Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Flooring Type: Tile
- Interior: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Assigned, Covered, Ground Level, Guest, Reserved, Basement
- Waterfront: Intracoastal Waterway
- View: Water
- Exterior: Balcony, Sliding Doors
- Heating: Electric
- Cooling: Central Air
- List Price: $1,300,000
- Price/SqFt: $738
- HOA Amount: $1149 Monthly
- Lot: Landscaped, Near Marina, Near Public Transit, Paved
- Directions: 501 US-19 ALT Clearwater, FL 33756. Head west on state road 60 West Court St. towards South Missouri Ave. Continue to follow state road 60 W. 2.2mi. Turn right onto Island Way. Destination will be on the right.
- Year Built: 2023
- Stories: 7
- Living Area: 1,760 SqFt
- Lot Size: 0.24 Acres
- MLS Number: TB8384830
- MLS Name: MFRMLS
- Office Name: RE/MAX ACTION FIRST OF FLORIDA
- Office Phone: (727) 466-0800
- Listing Agent: David Crawford
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Nearby schools
5
Sandy Lane Elementary
Public District PK-5
2.2 mi
•1360 Sandy Ln
8
Kings Highway Elementary Magnet School
Public Magnet PK-5
2.3 mi
•1715 Kings Hwy
5
Belleair Elementary
Public District PK-5
2.5 mi
•1156 Lakeview Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,718. The majority of Clearwater Beach, FL residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 125 Island Way Unit 502
The listing price of 125 Island Way Unit 502 property is $1,300,000.
The property 125 Island Way Unit 502 is a condo located in Clearwater Beach, Florida, 33767.
Active Listing: 125 Island Way Unit 502 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 125 Island Way Unit 502 are: Sandy Lane Elementary (GreatSchools Rating 5/10), Kings Highway Elementary Magnet School (GreatSchools Rating 8/10), Belleair Elementary (GreatSchools Rating 5/10), Clearwater Intermediate School (GreatSchools Rating 1/10), Dunedin Highland Middle School (GreatSchools Rating 7/10), Clearwater Fundamental Middle School (GreatSchools Rating 10/10), Clearwater High School (GreatSchools Rating 5/10), Pinellas Teleschool (GreatSchools Rating 2/10), Largo High School (GreatSchools Rating 5/10).
The property at 125 Island Way Unit 502 has 3 bedrooms and 2 bathrooms.
The property 125 Island Way Unit 502 is 1,760 SqFt (source: MLS/tax record).
The year of construction for 125 Island Way Unit 502 is 2023.
This home is located at 125 Island Way Unit 502 in Clearwater Beach, FL and zip code 33767. This 1,760 square foot home, which was built in 2023, sits on a 0.24 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $1,300,000.
Over 0 listings were sold over their listed price in June 2025 in Clearwater Beach, FL. In the same period over 26 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Clearwater Beach, FL between May and June 2025 increased by 4.3%. Listings spent 69 days on the market in June 2025, and had a median list price of $774,500 during the same period.