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Isla Key
Isla Key Waterfront Condominiums – Market Overview on the Pinellas Bayway Located along the scenic Pinellas Bayway overlooking Boca Ciega Bay, Isla Key offers waterfront condominium living with strong water views and more accessible entry pricing compared to larger gated communities. This mid-rise waterfront condominium community features a geo-thermal heated waterfront pool, spa, tennis courts, clubhouse, covered parking (partial), and direct water exposure from all units.
About Isla Key
Isla Key Waterfront Condominiums – Market Overview on the Pinellas Bayway Located along the scenic Pinellas Bayway overlooking Boca Ciega Bay, Isla Key offers waterfront condominium living with strong water views and more accessible entry pricing compared to larger gated communities. This mid-rise waterfront condominium community features a geo-thermal heated waterfront pool, spa, tennis courts, clubhouse, covered parking (partial), and direct water exposure from all units.
Unlike Dolphin Cay and Bacopa Bay, Isla Key is not a guard-gated community, contributing to lower HOA overhead and more competitive pricing. Isla Key has a similar amenity setup as Bahia Del Mar Condominium, but Bahia Del Mar commands a premium price because they are on the Grand Canal (between Isla Del Sol and Pass-a-Grille Beach) with open water access to the Gulf of Mexico. Both Isla Key and Bahia Del Mar sit on the private Isla Del Sol Golf and Yacht Club course, with memberships available.
Isla Key often offers attractive price-per-square-foot values relative to neighboring gated communities. Many residences feature direct west-facing sunset exposure with panoramic views of Boca Ciega Bay. The community is strategically located close to both beaches and downtown St. Petersburg, and buyers seeking to customize interiors often find renovation opportunities in Isla Key properties.
Market data shows consistent sales activity: 2021 (14 units, $402/sq ft), 2022 (10 units, $461/sq ft), 2023 (6 units, $443/sq ft), 2024 (5 units, $541/sq ft), and 2025 (6 units, $424/sq ft). Pricing is heavily influenced by floor level and view orientation. Currently, you must own the property for a minimum of 1 year prior to renting it. Isla Key provides both tennis and pickle ball facilities, with pickle ball played on the same courts as tennis with alternative lines drawn and movable nets.
Properties in Isla Key
Community Features
- •Geo-Thermal Heated waterfront pool
- •Spa
- •Tennis courts
- •Clubhouse
- •Covered parking (Partial)
- •Direct water exposure from all units
Why Buyers Choose Isla Key
1. Waterfront Value
Isla Key often offers attractive price-per-square-foot values relative to neighboring gated communities and the Bahia Del Mar which is situated on the Grand Canal between Isla Del Sol and Pass-a-Grille Beach.
2. Strong Water Views
Many residences feature direct west-facing sunset exposure all with panoramic views of Boca Ciega Bay.
3. Strategic Location
Close to both beaches and downtown St. Petersburg.
4. Renovation Opportunity
Buyers seeking to customize interiors often find opportunities in Isla Key properties.
Market Snapshot
| Year | Units Sold | Total Sales | Square Feet Sold | Price per Sq Ft |
|---|---|---|---|---|
| 2021 | 14 | $7,059,400 | 17,570 | $402 |
| 2022 | 10 | $5,782,500 | 12,550 | $461 |
| 2023 | 6 | $3,369,900 | 7,600 | $443 |
| 2024 | 5 | $3,396,000 | 6,275 | $541 |
| 2025 | 6 | $3,195,500 | 7,530 | $424 |
Pricing is heavily influenced by floor level and view orientation.
Frequently Asked Questions
Is Isla Key gated?
No, Isla Key does not have a 24-hour guard gate.
How does Isla Key compare in price to Dolphin Cay?
Isla Key generally offers lower entry pricing.
Are sunset views available?
Many units offer west-facing water views.
Does Isla Key have Boating Access?
Several marinas are located in the vicinity; however, Isla Key does not offer direct access to boaters.
Does Isla Key have either Tennis or Pickle Ball Facilities?
Isla Key provides for both Tennis and Pickle Ball. Pickle Ball is played on the same courts as tennis with alternative lines drawn and movable nets.
Who Isla Key Is Best For
- •Value-oriented waterfront buyers
- •Investors (verify rental policies - currently, you must own the property for a minimum of 1 year prior to renting it)
- •Full-time residents seeking water views
- •Buyers who are comfortable without guard-gated security