320 ISLAND Way 605 Welcome to your paradise in Cutter Cove, a serene and highly sought-after townhome community on Island Estates-just minutes from the world-famous Clearwater Beach. With a motivated seller and aggressive pricing, this is a rare opportunity to secure exceptional value in one of the area's most desirable waterfront communities. Rare investment opportunity on this possible income-producing rental property allowing 30-day minimum rentals with no ownership waiting period before you can begin leasing. This property offers some of the lowest HOA fees on Island Estates. This beautifully updated, three-level residence offers resort-style living with timeless coastal elegance. The spacious, expanded kitchen-approximately 20% larger than standard units-provides enhanced functionality and flow, perfect for both everyday living and entertaining. The primary suite is a private retreat featuring dual closets, a spa-inspired bath with a jetted tub, and a striking wooden spiral staircase leading to a versatile loft-ideal for a home office, media room, or play space. A huge balcony with sliding glass doors welcomes in the island breeze, seamlessly extending your living space outdoors. A second upstairs bedroom offers its own full bath and walk-in closet, while the main-level bedroom is thoughtfully configured as an office with built-in desk and shelving (which convey) and an adjacent full bath. Elegant polished marble flooring enhances the living area, flowing effortlessly to a private patio perfect for enjoying the coastal air. Additional highlights include updated bathrooms, crown molding, wood stairs with wrought iron railings, and abundant glass doors for a light, open feel. Major upgrades include a brand-new Trane A/C system, hurricane shutters, and a king-size Rheem water heater. The oversized tandem two-car garage features built-in storage cabinets and extra closet space. French doors with screen sliders open from the ground level to a private patio-ideal for relaxing or entertaining. Cutter Cove residents enjoy resort-style amenities including a sparkling pool and hot tub spa surrounded by tiki huts. With convenient access to shopping, dining, and the beach, this home delivers the very best of the Island Estates lifestyle-now attractively priced for a timely sale.