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1029 BAL HARBOUR DRIVE
About This Property
Set within the coveted waterfront enclave of Apollo Beach, this single-level masterpiece showcases the pinnacle of modern coastal design. Every detail has been thoughtfully reimagined with the finest materials, creating a sophisticated yet inviting ambiance throughout this four-bedroom, three-bathroom pool home.
Upon entry, wide-plank natural LVP flooring leads you into a stunning open-concept interior anchored by a showstopping chef's kitchen. Designed for both grand entertaining and everyday luxury, the space features premium Thermador appliances, bespoke solid-wood cabinetry, exquisite quartzite countertops, and dual statement islands, complemented by a fully appointed butler's pantry.
The expansive floor plan offers a true split-bedroom layout with multiple elegant living spaces, including a custom dry bar overlooking the resort-style pool. The owner's suite is a private sanctuary, complete with a spa-inspired bath and an extraordinary custom-designed wardrobe. Guest accommodations are equally refined, with three generously sized bedrooms, including a private en-suite, and a beautifully appointed shared bath with dual vanities.
Behind the scenes, the home has been comprehensively upgraded for peace of mind, including full electrical and plumbing replacements, a newer roof, dual HVAC systems, and impact-rated windows-ensuring effortless luxury for years to come.
Outdoors, the property unfolds into a private, resort-caliber oasis. The expansive lot offers rare flexibility for boat and RV storage, enhanced by a limestone drive and gated access. Lush, professionally designed landscaping and privacy fencing evoke the tranquility of a Mediterranean coastal escape, complete with fruit-bearing trees and serene garden spaces.
The covered lanai provides an elegant setting for alfresco living, while a winding path leads to a fire pit and a newly constructed dock with composite decking and upgraded lift systems. From here, enjoy direct boating access to open waters and effortless excursions to iconic destinations such as Beer Can Island, Egmont Key, Passage Key, and Shell Key.
Perfectly positioned on a quiet, private street among other luxury residences, this home offers unobstructed canal views with no rear neighbors-an increasingly rare find. Whether envisioned as a primary residence, a refined vacation retreat, or a continued income-producing property, it delivers unmatched versatility.
Moments away, enjoy local waterfront dining at beloved establishments such as Circles Waterfront Restaurant and Finn's Dockside Bar & Grill, along with easy access to the pristine shoreline of Apollo Beach Nature Preserve, where sweeping sunset views over Tampa Bay create a truly unforgettable backdrop.
This is more than a home-it is a rare coastal offering defined by elegance, privacy, and lifestyle. A one-of-a-kind opportunity to own a private tropical haven where every day feels like a luxury escape.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| May 26, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Price Decreased |
$1,195,000
↓ $55K
(4.4%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by COMPASS FLORIDA LLC | $1,250,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Oct 31, 2025 | Price Increased |
$1,199,000
↑ $100K
(9.1%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017