Island Homes
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 1 closed sale in Island Homes Ph Iii in Tampa, FL, the most recent in October 2025. 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).
There is not enough current MLS activity in Island Homes Ph III to isolate a clear price trend or pace of sales right now. That in itself is useful information: this is a smaller, quieter pocket of the Tampa market rather than a high-turnover community, so buyers and sellers should expect fewer comparable sales to lean on and a longer runway to build a pricing case.
Because current listings do not identify specific community amenities, any value here is being set almost entirely by the individual home and lot, not by shared features. That puts more weight on condition, layout, and recent updates when pricing a listing or evaluating an offer, and less on the kind of amenity premium you would price into a community with an active clubhouse or pool system.
Nearby homes for sale
No active listings inside Island Homes Ph Iii right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Island Homes Ph III sits within Tampa in Hillsborough County. Current MLS activity is limited, and no community amenities are identified in present listings, so this reads as a low-key residential pocket rather than an amenity-driven development.
Stellar MLS sales records identify 23 homes in Island Homes that have changed hands since 2006, built between 1991 and 2002 (median 1994), with a median living area of about 4,739 sq ft and a typical 4-bedroom, 5-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
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
- A buyer who has a specific home in mind here and wants a grounded, home-by-home valuation
- A seller comfortable pricing on condition and features rather than leaning on recent comparable sales
- Someone who wants a quieter Tampa location without shopping for a community amenity package
Probably not for
- A buyer who wants a community with an established clubhouse, pool, or other shared amenities
- Someone who wants to lean heavily on recent sales data to set or validate a price
- A buyer expecting frequent new listings to compare against before deciding
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).
In ZIP 33602 (Tampa), 332 homes closed in the last 12 months at a median of $578K ($401/sq ft), up 8.5% year over year, with a median 55 days on market. Right now 71 active and 17 pending listings put supply at about 3.8 months — a balanced market. See the live ZIP 33602 housing market and the Hillsborough County market.
ZIP and county figures describe the wider market, not Island Homes specifically. Momentum Research analysis of MLS records.
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.
A quiet corner with a thin data trail
Some communities generate a steady stream of MLS activity that makes it easy to track pricing patterns and turnover. Island Homes Ph III is not one of those right now. With few or no active listings surfacing amenity details, the honest read is that this is a smaller community where sales happen occasionally rather than continuously.
For a buyer, that means less competition pressure at any given moment, but also less certainty about what a home should sell for based on recent neighbors. For a seller, it means the case for your price will likely be built home-by-home, using condition and specific features rather than a menu of shared amenities or a long list of recent comparable closings.
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
In a community with a thin MLS trail, the value of local, hands-on pricing work goes up, not down. We will not hand you a canned market report for Island Homes Ph III and call it done. We pull what is actually available, tell you plainly where the data runs out, and build your pricing or offer strategy from the individual home outward rather than from a template.
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.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2025 (1 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 Ph Iii fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Island Homes
Where is Island Homes?
Island Homes is a community in Tampa, Hillsborough County, Florida, ZIP 33602.
Are there homes for sale in Island Homes right now?
No active listings inside Island Homes at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Island Homes have an HOA or CDD?
No HOA is on record for Island Homes in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Island Homes with Momentum Realty’s local guides.