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Welcome to your slice of paradise at 51 Island Way, nestled in the sought-after Island Estates community of Clearwater Beach. This beautifully maintained 1-bedroom, 1-bath condo is located on the third floor of a secure, waterfront building and comes fully furnished and stocked—perfect for immediate move-in or investment. Enjoy peace of mind with a brand-new A/C (2025) and a new stainless steel refrigerator, adding comfort and modern appeal to this charming coastal retreat. Facing west, the unit offers breathtaking sunset views—a perfect backdrop to end your day. Island Estates is a “city within a city, ” with everything you need just steps away. Walk to local restaurants, shops, Publix, and even the Clearwater Marine Aquarium. Or hop on the nearby trolley for quick access to the world-renowned Clearwater Beach. The 51 Island Way community is packed with resort-style amenities including a heated pool and hot tub, tennis and pickleball courts, dock access, kayak storage, outdoor tiki bar, and a shuffleboard court—all designed to help you enjoy the Florida lifestyle to the fullest. Currently leased through April 2026, this condo offers immediate rental income potential. Whether you're looking for a vacation home, a full-time residence, or an investment property, this one checks all the boxes. Don't miss out—schedule your showing today and make this coastal gem yours!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $224,000 | $224,000 | $224,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
Monthly Tax Payment | $378 | $378 | $378 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,528 | $1,509 | $1,905 |
Total Monthly Payment | $1,981 | $1,962 | $2,358 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.