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1067 WESTWAY DRIVE
About This Property
Designed to embrace its extraordinary setting, the residence unfolds with light-filled interiors, grand architectural moments and uninterrupted turquoise Gulf views from nearly every living space. A dramatic atrium entry and marble staircase lead to expansive rooms where soaring ceilings, bespoke detailing and walls of glass blur the line between indoors and out. The welcoming great room opens effortlessly into an expansive beachfront terrace - offering front-row views of endless sunsets over the Gulf of Mexico. The home is equally suited for elegant entertaining and relaxed coastal living, featuring a sophisticated bar and lounge with a custom glass wine room, a gourmet chef's kitchen with premium appliances and multiple dining spaces outlined by panoramic water views. Savor resort-style outdoor living - and soak up the sun with unlimited boating, water sports and beachcombing. Experience the lush, tropical landscaping, infinity-edge pool overlooking the Gulf, and multiple rooftop terraces - culminating in a spectacular rooftop entertaining level with sweeping sunrise-to-sunset vistas spanning Sarasota Bay, downtown and the Gulf beyond. The primary suite is a dedicated sanctuary with its own beach-front terrace, spa-inspired bath, boutique-style dressing room and fitness space. Artfully designed for both the owner's privacy as well as those who visit – the five guest suites are thoughtfully appointed as intimate retreats. And while famous St. Armands's Circle and vibrant downtown Sarasota is merely minutes away for dining and shopping – there's no need to leave the grounds when you have a private theater, 2 executive offices, fitness room, family and game rooms, bunk room and multiple rooftop decks for lounging and entertaining.
Offering exceptional Gulf of Mexico frontage, uncompromising privacy and a world-class beachfront lifestyle, 1067 Westway Drive stands among the most significant residential offerings on Florida's Gulf Coast-an estate where luxury, location and legacy converge. (Two adjoining parcels are available to design one of the most private retreats in South Florida.)
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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 15, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | Price Decreased |
$18,000,000
↓ $2M
(10%) | |
| Price Decreased | |||
| Feb 5, 2026 | Listed by COLDWELL BANKER REALTY | $20,000,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| May 19, 2025 | Price Decreased |
$20,000,000
↓ $5M
(19%) | |
| Price Decreased | |||
| Feb 5, 2025 | Listed | $24,700,000 | |
| Listed | |||
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Along the iconic shores of Lido Key Beach, 1067 Westway Drive stands as a beacon of comfortable and sophisticated coastal living. Every detail has been meticulously curated to create an exceptional lifestyle situated on an extraordinary property in an extraordinary home. As you step into the sun-soaked atrium foyer, you are immediately greeted by the grand staircase made of travertine and adorned with custom railings. This entrance sets the casual tone for the rest of the home, where every room is a masterpiece of design and craftsmanship. The great room is a wonderful space, with its soaring ceilings, intricate moldings and stone fireplace. Floor-to-ceiling windows and doors offer panoramic views of the Gulf of Mexico, access to an enormous terrace and endless sunsets. This space is seamlessly connected to the bar and lounge, equipped with a glass-enclosed wine room with space for 500-plus bottles, creating a space that is ready to host friends and family. Adjacent to the lounge is a sunroom with glass walls that fill the room with natural light, creating a serene space to relax and unwind. The gourmet kitchen is a dream, boasting an enormous center island with seating and storage, granite counters, two sinks, two dishwashers, a Wolf® induction cooktop and a Dacor® range with six burners. Customized pullouts in the cabinetry and custom designed pantries ensure everything is organized. There is also an informal dining area enveloped in large banks of windows and doors providing access to the terrace and framing the best views. The adjacent dining room is the perfect setting for intimate dinners or lavish gatherings, with plenty of seating and a custom tray ceiling. Outside, the grounds are an oasis, with lush Florida landscaping, multiple covered and uncovered seating areas, a custom infinity-edge pool with intricate tile design, and multiple roof decks. One of the highlights of this home’s outdoor entertaining spaces is the rooftop deck, ready for hosting events with the well-equipped kitchenette and bath, and plenty of space for dining, dancing and enjoying the sunset over the Gulf of Mexico or the sunrise over Sarasota Bay and downtown Sarasota. The primary bedroom suite is a sanctuary of luxury and comfort, with its own private terrace overlooking the sparkling waters of the Gulf of Mexico, an adjacent exercise room and access to a front terrace. The resort-like en-suite bath is a work of art, with its dual vanities, oversized soaking tub with marble surround and enormous windows, and an indoor-outdoor marble walk-in shower. The custom organized closet offers a central storage island, abundant space for clothing, shoes and accessories, and its own private laundry room. The guest suites are retreats, each with their own en-suite bath, custom-organized spacious closet, plantation shutters, and high ceilings with crown molding. Some offer terraces with lush views of the property and beyond. Additional features include a movie theatre, a fitness room, access to the second rooftop deck, a stunning office with custom built-in storage and an additional family room, game room and bunk room. With its unrivaled location, exquisite design and unparalleled amenities, 1067 Westway Drive is more than just a home, it is the ultimate in beachfront living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017