On Island Estates and Clearwater Beach, a house on the water and a house a street away can be very different purchases. We looked at five years of county-recorded single-family sales to see how waterfront and non-waterfront homes compared.
Key takeaways
- On Island Estates, 149 of 158 recorded house sales from 2021 to 2025 were waterfront, with a middle recorded price of $1,650,000.
- On Clearwater Beach island, 86 waterfront house sales had a middle recorded price of $1,800,000, against $799,000 for 142 non-waterfront sales.
- Waterfront is the county’s flag for the parcel, which covers canal, bay and Gulf frontage alike.
- Every home is different. Use these as background, not as a value for a given house.
Five years of house sales, 2021 to 2025
| Area and type | Sales | Middle recorded price | Lowest | Highest |
|---|---|---|---|---|
| Island Estates, waterfront | 149 | $1,650,000 | $465,000 | $7,250,000 |
| Island Estates, not waterfront | 9 | $845,000 | $599,000 | $1,350,000 |
| Clearwater Beach, waterfront | 86 | $1,800,000 | $570,000 | $6,059,000 |
| Clearwater Beach, not waterfront | 142 | $799,000 | $500,000 | $3,000,000 |
Year by year
| Area and type | 2021 | 2023 | 2025 |
|---|---|---|---|
| Island Estates, waterfront | 32 sales, $1,500,000 | 25 sales, $1,849,000 | 23 sales, $1,575,000 |
| Island Estates, not waterfront | 3 sales, Too few sales | 2 sales, Too few sales | 1 sales, Too few sales |
| Clearwater Beach, waterfront | 32 sales, $1,575,000 | 8 sales, $1,600,000 | 15 sales, $1,650,000 |
| Clearwater Beach, not waterfront | 32 sales, $725,900 | 22 sales, $995,000 | 32 sales, $712,500 |
Island Estates is almost entirely waterfront, so its non-waterfront rows have too few sales in any single year to show a middle price.
What drives the gap
- Water access. Docks, boat lifts and open-water views.
- Lot and home size. Waterfront lots and homes are often larger.
- Seawalls. Their condition can affect price and insurance.
- Flood rules. Every parcel in zip 33767 is in a special flood hazard area in our county data, waterfront or not.
Our tip: Buying on the water? Our buying waterfront guide covers seawalls, docks and permits to check.
What this means for you
Waterfront homes have sold for much more in the middle of the range, but the spread is wide in both groups. Compare a home with recent sales on similar water. Read our Island Estates and Clearwater Beach pages, the market statistics page, and our December 2025 market report.
Contact us for waterfront sales on your street.
Sources
- Pinellas County Property Appraiser qualified sales of single-family and planned-unit homes on Island Estates and Clearwater Beach island, recorded January 2021 to December 2025, with the county parcel waterfront flag. The middle recorded price is an actual recorded sale at the middle of the list, not an average, and a recorded price is not an appraisal. Counts include every qualified, improved, single-parcel sale, new construction included. Fewer than 5 sales are shown as too few sales.