NEW HOT PRICE TO SELL, $100K BELOW ORIGINAL, HIGH VALUE LOCATION, ISLAND ESTATES (affectionately known as the Beverly Hills of Clearwater!), COMPLETELY UPDATED, MODERN LUXURY, BEST U.S. BEACHES, NO HOA, NO CDD! Make your Florida dream a reality. Welcome home to 501 Island Way; an opportunity to purchase a great primary home or investment property ($6,500 monthly rental income potential) at Island Estates, amazingly the only SFR for under a million dollars! Enjoy the feel and look of new, with this completely remodeled home on a spacious corner lot. Located on the very desirable tropical paradise on Island Estates, you will love living here! Island Estates is a quiet island neighborhood in Clearwater Bay, home to the Clearwater Marine Aquarium, the inspiration and set for the amazing true stories of the Dolphin Tale movies. Come live the peaceful Island Life while enjoying plentiful convenient amenities. The residential upscale waterfront community on Clearwater Bay, is renowned for its walkability to everything one needs; dining, shopping, grocery stores, beautiful Clearwater beach, fleet of charter fishing and sightseeing vessels, and rental of watercrafts, are just a few mins away! (3-9 mins car/bike ride, 10-35 mins walk). Access by boat from local marinas to the Gulf of Mexico through the Clearwater Intracoastal (15mins). Clearwater beach has been named #1 in the U.S. in 2016, 2018, 2019 and 2021 and #5 in the World (2021), # 1 in the South (2023), is only 1.6 miles from this beautifully appointed home. All this without any HOA or Condo Fees! This is a spacious single-family 3 bed / 2 bath home tastefully remodeled with all modern fixtures. Delight your family and friends with the wow effect of an open concept home with a sizeable kitchen, granite countertops, new stainless-steel appliances, new cabinetry, beautifully tiled flooring throughout the kitchen and dining area, and a large island with cabinets and butler’s pantry. Great for entertaining, the broad living room space opens into an airy and expansive Florida room with its own full bar area, and end to end windows that bring in bright light throughout the living space. There is abundant additional space for big gatherings and meals with a large modern dining area that includes 6’ sliders leading to the patio. The en suite and second bath are both remodeled including new tile, cabinetry, glass shower doors and beautiful fixtures. The primary and two guest bedrooms are all generously spaced rooms for comfort and convenience. This home is 35 miles from Tampa International Airport and less than 25 miles from NFL, MLB, NHL games in Tampa/St Pete area. Additional features and recent upgrades: The complete interior remodel was done 2022/2023. New laminate floors in all bedrooms and main living spaces. New Paint on interior and exterior and the spacious two car garage has new epoxy flooring. A new paver tile wrap-around patio has been installed. Other improvements include the installation of a new main water line from the meter. Kitchen & baths, new plumbing. Electric Panel upgrade- 200 Amps. New fully furnished Pergola with roof that can support deck. A new HVAC (2019) and water heater (2022). Hurricane windows with lifetime transferrable warranty. New roof with 50-year shingle, with transferrable warranty (2021). Additionally, Orkin termite Service Agreement is fully paid through June 2024. All furniture & TVs convey. A one-year Home Warranty will be provided to buyers.