The Fugazzis owned Picta Sabatia before this land was made into an airport. In a period of 1934-36, the Fugazzis gave parts of the land to the city of Clearwater. In the month of April of 1939, Clearwater Executive Airpark officially opened as an airpark, catering to the transient aircraft. During World War II, the airport was closed; however, it reopened in 1945, still operating under the airpark designation, but catering primarily to transient airplanes. At that time, Clearwater Airpark was a grass airstrip on 185 acres.
The airport was established in 1954 as a result of an agreement between Clearwater, Florida, and the Clearwater Flying Company, Inc. The site experienced a great deal of growth during the mid-1960s because of the development of the downtown region and the industrial park. Originally in 1970, Golf Park, Inc., bought the airport property and transformed the hangars into an 18-hole golf course and housing complex. Airpark was refreshed to its current design in the late 1970s.
Before 1980, the three grass airfields had a single paved runway on 62 acres. The land surrounding the airport was zoned for commercial use, and communication with locals became increasingly essential. Clearwater repurchased the land occupied by the airport in 1980. The city has owned and operated the airport since that time. The airport has proven to be a vital waypoint in Clearwater and other regions in recent years. Many businesses in the area depend upon general aviation.