425 Island Way, Clearwater, FL 33767

Listing office Magnate Realty LLC

Listing date Jun 17, 2026

Source Crexi

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Overview

This is a waterfront land parcel on the shores of Clearwater Harbor, offered with entitlements for up to 22 residential units. The site totals about 0.75 acres (approximately 32,569 square feet) and is designated under MHDR-NCOD zoning, with a Future Land Use designation of Residential High. The property’s direct harbor frontage supports development plans that may include potential for boat slips, subject to applicable approvals.

The land is located within the Island Estates community in Clearwater, Florida. It offers direct Clearwater Harbor frontage within a waterfront neighborhood setting.

For developers or builders seeking a properly positioned site, the value here is the existing entitlement framework for a multi-unit residential project on a waterfront parcel. The zoning and Future Land Use designations provide a clear starting point for concept planning, while the harbor frontage adds a feature that can differentiate the finished community. Prospective buyers should conduct their own due diligence on final permitting and site-specific feasibility for any boat-slip improvements, as approvals are not guaranteed by the information provided.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Clearwater

County

Pinellas

State

Florida

Longitude

-82.8164867

Latitude

27.9813988

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FAQs

What type of property is this?

Waterfront Land - Entitled Clearwater Harbor parcel with direct waterfront frontage and approval potential for up to 22 residential units.

Where is this waterfront land located?

The property is located at 425 Island Way Clearwater, FL.

What is the asking price?

The asking price for this property is $2,850,000.

What are key features of this property?

This property features: 0.75‑acre (32,569 SF) waterfront land parcel on Clearwater Harbor with direct water frontage; Entitled for up to 22 residential units under MHDR‑NCD zoning; Future Land Use designation: Residential High