Island Homes
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
Homes listed or recently sold were built 1997–2001; 3 of 3 report an HOA (median $315/mo). As of September 2026, the MLS records 10 closed sales in Island Homes in Tampa, FL since 2006, the most recent in May 2026. Across Tampa as a whole, 4,890 homes closed in the last 12 months at a median of $442,500, 39 median days on market, with 1,287 homes for sale today. At that median and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $6,960 ($6,340 with the full homestead exemption).
Island Homes is a small, tightly held pocket of Tampa built out in a single stretch from the early 1990s through the early 2000s. What sets it apart isn't a gate or a clubhouse, it's scale: the median home here runs well over 5,000 square feet of living space, which puts this community in a different conversation than most Hillsborough subdivisions its age. Pricing in a market like this tracks square footage, lot configuration, and how well an owner has kept up a large house over three decades, not a homeowner association fee schedule.
With homestead exemptions filed on the large majority of homes, turnover here has historically been slow, and with only 39 homes total, the active listing count at any given time is going to be thin. That combination means sellers should expect a longer runway to find the right buyer for a larger home, and buyers should expect to compete for whatever does come to market rather than having their pick of inventory.
The 60-Second Overview
Island Homes is a low-volume Tampa community of larger-format homes built between 1991 and 2003, with no clubhouse or amenity package identified in current MLS listings, current listings show a market where the house itself, not shared amenities, does the heavy lifting on value.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Island Homes is best for.
Best for
- Buyers prioritizing large square footage over a compact or newer floor plan
- Buyers comfortable evaluating and maintaining a home built in the early 1990s to early 2000s
- Buyers who want a low-turnover community and are patient with a limited number of active listings
Probably not for
- Buyers who want a gated community with a clubhouse, pool, or organized amenities
- Buyers who need frequent inventory and quick comparison shopping across multiple active listings
- Buyers seeking a smaller, lower-maintenance footprint rather than a larger home
The market around Island Homes
Island Homes is too small for its own price trend, so here is the market around it.
In ZIP 33602, 236 homes are on the market and 12% are under contract — a slower corner of Tampa.
Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).
ZIP and county figures describe the wider market, not Island Homes specifically. Momentum Research analysis of MLS records.
Island Homes on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
The Island Homes buying strategy.
If we were buying in Island Homes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Island Homes.
Big Houses, Small Market
The defining number in this community is square footage. A median living area north of 5,000 square feet means most homes here were built for households that wanted room, not a compact footprint close to shared amenities. Combined with a build window concentrated in the 1990s, buyers should expect layouts and finishes typical of that era, some updated, some original, and should budget time for a walkthrough that accounts for age of major systems even where the home has been well maintained.
There is no clubhouse, pool, or recreational amenity showing up in current MLS listings for Island Homes. That's a meaningful data point, not an omission: this is a community where the appeal is the home itself and its setting, not a shared amenity package. Anyone shopping here on the assumption of a gated recreation center or maintained common area should confirm that directly, since the listings data doesn't support it.
The location and the amenities are priced into every listing in Island Homes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A 39-home community with a high owner-occupancy rate does not generate a steady stream of comparable sales, which makes pricing a large, older home here harder to get right from an algorithm or a quick market snapshot. We pull the actual comps in this footprint, weigh square footage and condition the way a buyer for a large-format home will, and price or negotiate accordingly rather than defaulting to a countywide average that doesn't reflect what's really moving here.
Island Homes in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Island Homes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Island Homes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Homes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Island Homes home worth?
Get a no-obligation home value based on real comparable sales in Island Homes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Tampa →
Should you buy in Island Homes?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Island Homes with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 12, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2006 (10 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Island Homes fits the bigger picture — live prices, inventory, and Momentum Scores:
Island Homes Market Scorecard
Island Homes is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 33602 ZIP is $522,240, about 18.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.