Under contract-accepting backup offers. Opportunity awaits at 240 Windward Passage, Unit 1001, a spacious multi-level residence perfectly positioned in the exclusive Island Estates community. This property represents the ultimate "blank canvas" for an investor or a visionary homeowner looking to create a custom coastal masterpiece just moments from the world-renowned sands of Clearwater Beach. While the home requires a full cosmetic rehab, its bones offer incredible potential, featuring soaring vaulted ceilings that flood the main living area with natural light and a rare, oversized two-car garage with a bonus flex space. With private balconies off the bedrooms and a location within walking distance of fine dining, shopping, and the Clearwater Marine Aquarium, this is a rare chance to sweat-equity your way into one of Florida’s most desirable zip codes. Bring your contractor and your imagination to unlock the true value of this premier island retreat.