Island Estates market snapshot (as of June 25, 2026): the median sale price is about $875K ($408 per sq ft), with homes averaging 58 days on market and 24.0 months of supply, a buyer-leaning market (limited data). Based on 1 recent closings in live Stellar MLS data.
Island Estates is a waterfront island community in Clearwater, in the 33767 ZIP, set in Clearwater Bay between Clearwater Beach and the mainland and reached by the Memorial Causeway corridor. Public sources describe a man-made island, built on dredged keys, that functions as a self-contained town with banking, groceries, dining, and a marina, and is home to the Clearwater Marine Aquarium.
The housing is a mix. Public sources describe waterfront single-family homes, condominiums, and townhomes, with nearly every property on the water in some form, deepwater docks common, and a golf-cart-friendly street layout. Direct-waterfront single-family homes are described starting around the low millions and ranging higher, while condos span a wide range by building, view, and updates.
The defining read is the water and the product type, not a single housing story. The home or unit type, the dock and deepwater access, the condo association financials and reserves where a building is involved, and the Gulf and Intracoastal flood, elevation, and insurance picture drive value, financing, and insurability. Confirm each for the specific property before you offer.
For boaters and beach buyers who want a walk-to-the-beach island with deepwater access and its own services, Island Estates is one of Clearwater's signature waterfront addresses. The work is reading the waterfront, the dock, the association where applicable, and the flood picture honestly before you buy.
