Island Walk
Homes for Sale in Apollo Beach, FL
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-12, 3 recorded sales closed at a median of $289,000, $204 per square foot, a median 69 days on market, sellers accepting 95% of original asking. At the median price and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $4,550 ($3,920 with the full homestead exemption).
Part of Island Walk A Condo, Apollo Beach, FL — see all Island Walk A Condo homes for sale (7 listings across 4 sections in the MLS).
Island Walk Ph I is a small, built-out pocket in Apollo Beach, with homes dating to the late 1990s and a median around 1,787 square feet. At a $306,000 median and roughly $204 per square foot, price here is driven less by size tiers and more by condition and updates — a home that has been renovated versus one still wearing its original finishes will land in very different places within the same neighborhood.
The market posture is quick. A median of 13 days on market against a limited number of recent closings tells you well-prepared homes move fast, but it also means the sample is thin — one or two atypical sales can swing the read. Sellers should price to the condition-adjusted median rather than reaching; buyers should be ready to act and to underwrite the individual home's updates rather than the neighborhood average.
Nearby homes for sale
No active listings inside Island Walk Ph I 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 Walk market snapshot (as of September 12, 2026): the median sale price is about $289K ($204 per sq ft over the trailing 12 months of closed sales), and a median 69 days on market for closed sales.
In ZIP 33572 (Apollo Beach), 843 homes closed in the last 12 months at a median of $501K ($216/sq ft), down 0.5% year over year, with a median 71 days on market. Right now 137 active and 29 pending listings put supply at about 5.3 months — a balanced market. See the live ZIP 33572 housing market and the Hillsborough County market.
Stellar MLS sales records identify 85 homes in Island Walk that have changed hands since 2004, built between 1989 and 2000 (median 1998), with a median living area of about 1,500 sq ft and a typical 3-bedroom, 2-bath layout; 72% 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.
This is a compact, fully established community of 78 homes built within a narrow window from 1994 to 2000, so the housing stock is consistent in vintage and scale. With roughly 72% homestead, turnover is modest and inventory is generally limited.
Who Island Walk is best for.
Best for
- Buyers targeting the low-$300s who want an established, mid-size single-family home
- Buyers who can act decisively when limited inventory turns over
- Buyers comfortable pricing a home on its updates rather than the neighborhood average
Probably not for
- Buyers who need a large selection of active listings at any given time
- Buyers wanting newer construction or a broad spread of floor plans and sizes
- Buyers who need a slow, low-pressure process in a market where prepared homes move in about two weeks
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($289K) IS the median in the snapshot above.
Windows contain 0 to 12 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2006 through 2026. Deemed reliable but not guaranteed.
19% of homes for sale in ZIP 33572 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-08).
Recent Developments in Island Walk Ph I
Development, infrastructure, retail, and school activity affecting Island Walk Ph I, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
33-story tower planned for Water Street Tampa expansion
Strategic Property Partners plans a 33-story mixed use tower at Water Street and Cumberland Avenue in downtown Tampa on a 1.9-acre site. The building would hold 452 residential units ranging from studios to three bedrooms plus about 37,000 square feet of retail and 645 parking spaces. Construction is scheduled to begin in spring 2027 with completion targeted for 2029.
What it may mean for the marketAdds a 33 story tower with 452 residential units and ground floor retail to the downtown Tampa market, continuing the buildout of the Water Street district and expanding high rise housing supply. The project is about 21 miles north of Island Walk Ph I, elsewhere in Hillsborough County.
Source: Florida YIMBY - July 2026Infrastructure
New Interstate 75 interchange planned for Parrish area access
A new Interstate 75 interchange is being planned to improve access for the Parrish area, primarily located in Hillsborough County and connecting to Manatee County through a possible Fort Hamer Road extension. The project is in the planning phase.
What it may mean for the marketPlans a new interstate interchange that would expand road capacity and connectivity for a growing area, potentially shaping future development patterns along the corridor. The site is about 4 miles southeast of Island Walk Ph I.
Source: Tampa Bay Times - July 2026Development
Mercy Oaks II affordable apartments open on North Florida Avenue
Catholic Charities, with the City of Tampa and Hillsborough County, completed Mercy Oaks II, a 17-unit affordable apartment building on North Florida Avenue in East Tampa built on the site of a former strip mall. The project includes 15 one-bedroom and two two-bedroom units, with seven units serving households up to 80 percent of area median income and ten up to 50 percent. It was supported by 1.25 million dollars in state SHIP funds from the city and sits next to the 20-unit Mercy Oaks I completed in 2022.
What it may mean for the marketAdds 17 income restricted apartments on a former strip mall site, expanding the affordable rental supply and converting vacant commercial land to housing. The project is about 26 miles north of Island Walk Ph I, elsewhere in Hillsborough County.
Source: City of Tampa - July 2026Builder Activity
First 3D-printed affordable home nears completion in East Tampa
The nonprofit Corporation to Develop Communities of Tampa is completing Tampa's first 3D-printed affordable home on Lurline Circle in East Tampa, using a gantry-style printer that layers concrete for the walls. The house is expected to be finished within weeks and listed for sale in about two months, with down payment assistance and first time homebuyer programs available. The effort is part of a broader CDC initiative that includes more than 90 multifamily units in East Tampa.
What it may mean for the marketIntroduces 3D concrete printing construction to the local for sale housing market, with a new single family home and additional multifamily units planned. The method signals a new building technique entering the area home supply. The project is about 24 miles north of Island Walk Ph I, elsewhere in Hillsborough County.
Source: Bay News 9
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Island Walk buying strategy.
If we were buying in Island Walk 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 Walk.
A condition-driven price, not a size ladder
Because the homes cluster tightly in age and around a 1,787-square-foot median, the usual spread you get from mixed floor plans is muted here. What separates one sale from another is the work that has been done since the late 1990s — roof, systems, kitchen, and baths. Treat the $204-per-square-foot figure as a midpoint, not a rule; updated homes justify more, and dated ones should be underwritten for the deferred work.
The high homestead share, near 72%, points to a neighborhood where owners tend to stay put. For a buyer that means fewer listings to choose from and a premium on being decision-ready when the right one comes up. For a seller it means your competition at any given moment is usually small, which favors clean presentation and honest pricing over waiting for the market to move for you.
The location and the amenities are priced into every listing in Island Walk. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small community with a thin recent-sales window and a fast median time to contract, the margin for error on price and prep is narrow. We read each home on its own condition and updates rather than leaning on a neighborhood average, and we help buyers move quickly without overpaying when inventory is tight.
Island Walk 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 Walk 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 Walk sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Walk, 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 Walk home worth?
Get a no-obligation home value based on real comparable sales in Island Walk, 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 Apollo Beach →
Frequently Asked Questions
What is the median home price in Island Walk?
How long do homes in Island Walk take to sell?
Who is the best real estate agent for Island Walk?
How do I find a top Apollo Beach real estate agent who knows Island Walk?
Can Momentum Realty connect me with an agent for Island Walk?
Should you buy in Island Walk?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2006 (43 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.
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See how Island Walk Ph I fits the bigger picture — live prices, inventory, and Momentum Scores:
Schools serving nearby communities
We do not have a confirmed school assignment for Island Walk. These are the public schools most often assigned to other communities in ZIP 33572 / 33602; zones change and vary by address, so confirm with the district before you buy.
- Lennard High School · Public · FLDOE grade B (assigned to 4 nearby communities)
- Eisenhower Middle School · Public · FLDOE grade C (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Nearby Communities
Explore more neighborhoods near Island Walk with Momentum Realty’s local guides.