ISLAND WALK PH I
Homes for Sale in APOLLO BEACH, FL
True comps, carrying-cost math, and listings before the portals.
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.
The 60-Second Overview
ISLAND WALK PH I market snapshot (as of August 2, 2026): the median sale price is about $306K ($204 per sq ft over the trailing 12 months of closed sales), and a median 13 days on market for closed sales.
ISLAND WALK PH I is a community of 418 homes in APOLLO BEACH, Hillsborough County, built between 1990 and 2005 (median 1991), with a median living area of about 1,448 square feet. 55% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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 PH I 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 August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($306K) IS the median in the snapshot above.
Windows contain 0 to 11 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 2025. Deemed reliable but not guaranteed.
22% 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 (2026-08-01).
The ISLAND WALK PH I buying strategy.
If we were buying in ISLAND WALK PH I 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 PH I.
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 PH I. 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 PH I in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 PH I 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 PH I 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 PH I, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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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.
Frequently Asked Questions
What is the median home price in ISLAND WALK PH I?
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How many homes are in ISLAND WALK PH I?
What share of ISLAND WALK PH I is owner-occupied?
When were the homes in ISLAND WALK PH I built?
Do cash buyers compete in ISLAND WALK PH I?
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How do I find a top APOLLO BEACH real estate agent who knows ISLAND WALK PH I?
Can Momentum Realty connect me with an agent for ISLAND WALK PH I?
Should you buy in ISLAND WALK PH I?
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 August 2, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (5 streets, ZIP 33572/33602/33606)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2006 (41 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.
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