Exceptional Waterfront Opportunity on Island Estates – Renovate or Rebuild with Stunning & Rare Open Water Views! Welcome to one of the most desirable waterfront locations in Clearwater Beach – Island Estates. This 5-bedroom, 4-bathroom home offers over 4,100 square feet of living space and sits on an expansive open-water lot just steps from the cul-de-sac, offering both breathtaking views and enhanced privacy. This is a rare chance to either renovate a custom-built Mediterranean-style residence or build your dream home from the ground up on this prime piece of waterfront real estate. The property did experience flooding during the last major storm and is being sold as an opportunity for a full renovation or new construction. Inside, enjoy water views from nearly every major room, including the spacious second-floor primary suite featuring a wood-burning fireplace and private balcony. The home’s layout includes a grand great room, and an open-concept family room that create a warm and inviting living space ideal for entertaining or everyday life. Step outside to a large, tropical pool area and a lanai perfect for relaxing or hosting guests while taking in the sweeping views of the open Intracoastal waters. Boaters will appreciate the easy access to the Gulf of Mexico, just around the corner from your backyard. Island Estates is a golf cart-friendly community and just minutes from Clearwater Beach, shops, restaurants, and the marina. Located approximately 15 miles from both Clearwater/St. Petersburg and Tampa International Airports, this property offers the best of waterfront living in a vibrant coastal setting. Whether you’re dreaming of a luxury renovation or designing a brand-new waterfront estate, this Island Estates property presents a rare and exciting opportunity.
For sale
Price cut: $150K (8/18)
$1,950,000
413 Midway Is, Clearwater, FL 33767
5beds
4,138sqft
Est.:
Single Family Residence
Built in 1958
9,727 Square Feet Lot
$-- Zestimate®
$471/sqft
$-- HOA
What's special
Waterfront locationPrivate balconyTropical pool areaEnhanced privacyOpen-concept family roomBreathtaking viewsWood-burning fireplace
- 66 days
- on Zillow |
- 340 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: August 18, 2025 at 03:34pm
Listing Provided by:
Tara Beheshti 727-417-6620,
COASTAL PROPERTIES GROUP INTERNATIONAL 727-493-1555
Source: Stellar MLS,MLS#: TB8396349
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Family Room, Great Room
Primary bedroom
- Features: Built-In Shelving, Walk-In Closet(s)
- Level: Second
- Area: 696 Square Feet
- Dimensions: 24x29
Bedroom 2
- Features: Built-in Closet
- Level: Second
- Area: 187 Square Feet
- Dimensions: 11x17
Bedroom 3
- Features: Built-in Closet
- Level: Second
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 4
- Features: Built-in Closet
- Level: Second
- Area: 320 Square Feet
- Dimensions: 20x16
Bedroom 5
- Features: En Suite Bathroom, Built-in Closet
- Level: First
- Area: 120 Square Feet
- Dimensions: 10x12
Dining room
- Level: First
Family room
- Features: Bar, Built-in Closet
- Level: First
- Area: 420 Square Feet
- Dimensions: 21x20
Great room
- Level: First
- Area: 900 Square Feet
- Dimensions: 36x25
Kitchen
- Level: First
- Area: 108 Square Feet
- Dimensions: 9x12
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
- Laundry: None
Features
- PrimaryBedroom Upstairs, Split Bedroom, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile, Terrazzo, Hardwood
- Has fireplace: Yes
- Fireplace features: Master Bedroom, Wood Burning
Interior area
- Total structure area: 9,727
- Total interior livable area: 4,138 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Patio
- Exterior features: Balcony
- Has private pool: Yes
- Pool features: Gunite, In Ground
- Has view: Yes
- View description: Pool, Water, Bay/Harbor - Full, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full,Intracoastal Waterway
- Waterfront features: Bay/Harbor, Intracoastal Waterway, Bay/Harbor Access, Gulf/Ocean to Bay Access, Intracoastal Waterway Access, Seawall
Lot
- Size: 9,727 Square Feet
- Dimensions: 81 x 120
- Features: Flood Insurance Required, FloodZone
Details
- Parcel number: 082915433440000540
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco, Wood Frame, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Subdivision: ISLAND ESTATES OF CLEARWATER
HOA
- Has HOA: No
- Services included: None
- Pet fee: $0 monthly
Location
- Region: Clearwater
Financial & listing details
- Price per square foot: $471/sqft
- Tax assessed value: $1,785,388
- Annual tax amount: $29,691
- Date on market: 6/21/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved, Asphalt
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