320 Island Way #605, photo 1
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Overview

3 bd3 ba1,700 sqft2 car garageTownhouse
TypeTownhouse
HOA$946/mo
Built1994
Living area1,700 sqft
Price / sqft$282
Garage2 car

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Saturday, Oct 17 · 11:00 AM to 1:00 PM

About this home

Living Room/Dining Room ComboBalconyHurricane ShuttersBuyer Approval RequiredPoolSidewalksDishwasherDryer

320 Island Way #605 is a 1994-built home in Cutter Cove Condo, Clearwater Beach. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,700 square feet of living space. Listed at $479,000 (about $282/sqft), 89 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $946 monthly.

From the listing

Welcome to your paradise in Cutter Cove, a serene and highly sought-after townhome community on Island Estates—just minutes from the world-famous Clearwater Beach. With a motivated seller and aggressive pricing, this is a rare opportunity to secure exceptional value in one of the area’s most desirable waterfront communities. Rare investment opportunity on this possible income-producing rental property allowing 30-day minimum rentals with no ownership waiting period before you can begin leasing. This property offers some of the lowest HOA fees on Island Estates. This beautifully updated, three-level residence offers resort-style living with timeless coastal elegance. The spacious, expanded kitchen—approximately 20% larger than standard units—provides enhanced functionality and flow, perfect for both everyday living and entertaining. The primary suite is a private retreat featuring dual closets, a spa-inspired bath with a jetted tub, and a striking wooden spiral staircase leading to a versatile loft—ideal for a home office, media room, or play space. A huge balcony with sliding glass doors welcomes in the island breeze, seamlessly extending your living space outdoors. A second upstairs bedroom offers its own full bath and walk-in closet, while the main-level bedroom is thoughtfully configured as an office with built-in desk and shelving (which convey) and an adjacent full bath. Elegant polished marble flooring enhances the living area, flowing effortlessly to a private patio perfect for enjoying the coastal air. Additional highlights include updated bathrooms, crown molding, wood stairs with wrought iron railings, and abundant glass doors for a light, open feel. Major upgrades include a brand-new Trane A/C system, hurricane shutters, and a king-size Rheem water heater. The oversized tandem two-car garage features built-in storage cabinets and extra closet space. French doors with screen sliders open from the ground level to a private patio—ideal for relaxing or entertaining. Cutter Cove residents enjoy resort-style amenities including a sparkling pool and hot tub spa surrounded by tiki huts. With convenient access to shopping, dining, and the beach, this home delivers the very best of the Island Estates lifestyle—now attractively priced for a timely sale.

The essentials

Built
1994
Price / sqft
$282
On market
89 days
Annual tax
$3,680
HOA
$946/mo
Flood zone
AE
Type
Townhouse

At a glance

Townhouse
3 stories · 1994
Community pool
Shared amenity
2 car garage
Private balcony
Outdoor space
1,700 sqft
Living area

Payment

Est. monthly payment
$3,990/mo
Down payment (20%)
$95,800
Property taxes
$307/mo
HOA
$946/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Townhouse
Year Built
1994
Lot
-
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
89
Living Room/Dining Room Combo
Balcony
Hurricane Shutters
Buyer Approval Required
Pool
Sidewalks
Dishwasher
Dryer
Microwave
Refrigerator
Washer
Wine Refrigerator
Homestead exemption on file Flood Zone AE
Annual Tax (2024)
$3,680
Parcel #
08-29-15-20194-002-0605

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Cutter Cove Condo
County
Pinellas
MLS Area
33767 - Clearwater/Clearwater Beach
Lot Size
-
HOA
$946/mo
Resource Property Management

Price history

Date
Event
Price
7/19/2026
Listed for sale
Source: Stellar MLS #TB8529655
$479,000
$282/sqft

Neighborhood

320 Island Way #605
Clearwater Beach, FL, 33767 · 33767 - Clearwater/Clearwater Beach

Market insights

Offer Insights

Choose an offer strength

List price: $479,000
$472,500 – $479,000
98.4% – 100% of listTops out right at the list price
80% of listList price
31 of the last 61 townhouse or villa closings in Pinellas County landed at this number or higher (51%). The median one sat 52 days before it went under contract, and this one is on day 89.

Sample: 61 closed townhouse or villa sales in Pinellas County over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,990/mo
Principal & interest$2,498
Property taxes$307
Insurance$240
HOA$946
Down payment20% · $95,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$479,000

$282 per sq ft

Beds and baths

3 beds, 3 baths

Size

1,700 sq ft

Time on market

89 days

Year built

1994

Monthly payment

About $3,990/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,680 annual tax bill, insurance, and the $946/mo HOA fee.

HOA fee

$946/mo

Managed by Resource Property Management.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

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Brokered byCOASTAL PROPERTIES GROUP INTERNATIONALListing agent: Lindsay IrwinListing data from Stellar MLS, MLS# TB8529655.

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