Gates Knoll market snapshot (as of June 25, 2026): the median sale price is about $295K ($295 per sq ft), with homes averaging 237 days on market and 4.0 months of supply, a buyer-leaning market (limited data). Based on 3 recent closings in live Stellar MLS data.
Gates Knoll is a small single-family subdivision in central Clearwater, Pinellas County, clustered around Illinois Road near South Keene Road and Druid Road in ZIP 33756 (Clearwater area MLS and portal subdivision records, 2026). It is a modest platted pocket rather than a master-planned community, with a recognizable name carried on listings across the major real estate portals.
Listing records for homes in Gates Knoll cite construction around the mid 1950s, with classic ranch layouts, terrazzo floors, and generous lots, including yards on the order of 100 by 125 feet on some parcels (Clearwater MLS listing detail, 2026). Treat the era and lot detail as a guide and confirm the exact year built, square footage, and lot size by address, since a small pocket like this varies house to house.
Because this is a small subdivision and not a branded community, the money is made or lost on the individual house and lot, not on the address. The drivers are the condition and renovation history of the specific home, the lot, any homeowner association dues if one exists, and the FEMA flood zone for the parcel, all of which have to be checked house by house rather than assumed from a community average.
The pitch is a quiet, inland central Clearwater location. Downtown Clearwater, the US 19 corridor, Countryside, and the Gulf beaches are all within a reasonable drive, and the pocket sits away from the barrier-island flood profile. The work is the diligence: read the permits, price the renovation, and confirm the flood zone and an insurance quote before you buy.