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603 ARBOR LAKE LN, Tampa, FL, 33602

2beds
2baths
1,183sqft
$425,000
$359price/sqft
$3,144/moest. monthly cost
$125,760/yrincome needed

About This Home

Rare opportunity to get into the desirable 24-HOUR GUARD-GATED COMMUNITY of Island Walk on exclusive waterfront HARBOUR ISLAND for under $450,000 - a price point that is increasingly hard to find in one of Tampa’s most walkable and convenient neighborhoods. This TOWNHOME-STYLE CONDO offers 2 BEDROOMS, 2 BATHROOMS, and a PRIVATE 1-CAR GARAGE with incredible potential for the next owner to make it their own. Whether you are looking for a primary residence, downtown Tampa retreat, or long-term investment, this home offers a rare chance to create value in a premier location. Set among mature trees and tucked inside one of Harbour Island’s most established communities, the property offers a peaceful, residential feel while still being just minutes from the energy of downtown Tampa. The second-floor living space is all on one level, with an open and functional floor plan that provides the perfect canvas for renovation, customization, and personal design. Unlike fully renovated units that command a premium, this home gives the next owner the opportunity to choose their own finishes, style, and upgrades - without paying for someone else’s design choices. Bring your vision and unlock the potential of this well-located Harbour Island residence. Island Walk residents enjoy RESORT-STYLE POOLS, hot tub, lighted tennis courts, a STATE-OF-THE-ART FITNESS CENTER, playground, clubhouse, 24-hour guarded entry, and beautifully maintained grounds. The HOA also covers water, sewer, concierge trash pickup, pest control, building insurance, and exterior/grounds maintenance, creating a truly LOW-MAINTENANCE LIFESTYLE. Prime location just steps from everything Tampa has to offer. Walk to the RIVERWALK, SPARKMAN WHARF, WATER STREET, AMALIE ARENA, Tampa General Hospital, USF Medical, and some of the city’s best restaurants, coffee shops, fitness studios, and entertainment. Quick access to Tampa International Airport, Bayshore Boulevard, Hyde Park, Channelside, and downtown Tampa. Pet friendly, secure, walkable, and full of upside. A rare chance to own in HARBOUR ISLAND at an approachable price point — and make the home exactly what you want it to be. SCHEDULE YOUR PRIVATE SHOWING TODAY.

Getting Around

63
WalkingSomewhat Walkable
47
TransitSome Transit
49
BikeSomewhat Bikeable

Schools

10/10
Gorrie Elementary SchoolGrades K-51.2 mi
9/10
Wilson Middle SchoolGrades 6-81.3 mi
8/10
Plant High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1991

Materials

  • Foundation: Slab
  • Roof: Tile
  • Construction materials: Block,Stucco

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator
  • Laundry features: Inside,Laundry Closet,Washer Hookup

Bathroom1

  • Level: Second

Bathroom2

  • Level: Second

Bedroom2

  • Features: Walk-In Closet(s)
  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Second

Features

  • Ceiling Fan(s),Kitchen/Family Room Combo,Open Floorplan,Thermostat,Walk-In Closet(s)
  • Flooring: Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,554
  • Total interior livable area: 1,183 sqft

Kitchen

  • Level: Second

Living Room

  • Level: Second

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: Second

Property

Details

  • Parcel number: 1992942116
  • Zoning: PD-A
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Gunite,Heated
  • Exterior features: Balcony

Lot

  • Lot size: 1,554 sqft

Parking

  • Total spaces: 1
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Hurricane
Lightning
Tornado
Heat Wave
Tsunami

FEMA Declared Disasters in Hillsborough County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,149$25,788
Home Insurance *$97$1,164
Property Taxes $701$8,412
Electricity $197$2,366
Total$3,144$37,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,794/yr
40% on housing$94,320/yr
45% on housing$83,840/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.1%
13.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$359This listing

vs Other Active Listings

Avg $/sqft

ZIP 33602$409
Hillsborough County$216

vs Homes Sold Last Month

Median $/sqft

ZIP 33602$337
Hillsborough County$231

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-30Price change$425,000
2026-06-02Listed for sale$449,000
2021-02-26Listing removed--
2020-11-14Listing removed$1,999
2020-11-10Listed for rent$1,999
2019-05-08Listing removed$1,949
2019-05-07Price change$1,949
2019-04-06Price change$2,049
2019-02-21Price change$2,295
2019-02-09Price change$2,395
2019-01-31Price change$2,495
2019-01-09Listed for rent$2,670
2018-11-14Listing removed$2,695
2018-10-14Price change$2,695
2018-10-05Listed for rent$2,195
2017-10-15Listing removed$2,195
2017-09-04Listed for rent$2,195
2005-07-12Sold$286,400
2001-10-30Sold$159,900

For Sale by Agent

AgentStefan Alvarez
BrokerageSOUTH CEDAR REAL ESTATE, INC

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