$474,900

650 ISLAND WAY

CLEARWATER, FL, 33767

MLS # MFRTB8558616

About this property

Waterfront Living with a 13,000-Pound Boat Lift, Southwest-Facing Balcony, and Extensive Building Improvements! Discover the appeal of coastal living in this two-bedroom, two-bath condominium overlooking Mandalay Channel on desirable Island Estates, just minutes from Clearwater Beach. Offering 1,218 square feet of living space, this sixth-floor residence combines comfortable interiors, beautiful Intracoastal Waterway views, and exceptional boating amenities. The living and dining room combination provides an inviting space for relaxing or entertaining, while the private southwest-facing balcony offers a wonderful vantage point for enjoying passing boats, afternoon sunshine, and colorful evening skies over the water. New flooring installed in 2025 enhances the interior, while new hurricane-rated windows and sliding glass doors were installed during the building's extensive remediation project. For boating enthusiasts, the residence includes the use of assigned Boat Slip 8, equipped with a 13,000-pound boat lift, providing convenient access to the Intracoastal Waterway and surrounding waterways. An assigned covered carport adds everyday convenience. The condominium building has undergone an extraordinary series of capital improvements, representing a significant investment in its appearance, infrastructure, and long-term durability. Improvements completed in 2026 include a new roof and fascia, new HardiePlank siding throughout the building, fresh exterior painting, new outdoor lighting, new covered carports, new mailboxes, and a new tiki hut. The parking lot is also scheduled to be resurfaced and sealed in 2026. Additional improvements include updated stairwells in 2025 and elevator modernization completed in 2023, with further updates in 2025. The waterfront infrastructure has also been extensively upgraded, with a comprehensive dock reconstruction project completed in 2024. This project included a new seawall raised 12 inches, a new dock raised 12 inches, a catwalk raised 20 inches, and new pilings, electrical service, water connections, and lighting. Residents also enjoy lush tropical landscaping, a convenient car wash area, and a designated dog walk area. All assessments associated with these improvements have been paid by the sellers, providing an additional benefit to the next owner. Located on Island Estates, this waterfront residence offers the perfect balance of a relaxed island atmosphere and convenient access to Clearwater Beach's renowned white-sand beaches, waterfront dining, shopping, and entertainment.Waterfront views, your boat just steps away, and major building improvements already completed and paid for—what are you waiting for? Schedule your private showing and start imagining life on Island Estates!