111 Dolphin Drive
About This Property
Outside, a private saltwater pool and spa create a true resort-style retreat. Designed with relaxation and functionality in mind, the outdoor space features gas heating, iAquaLink automation, and a poolside control switch for spa and lightingelevating every moment spent outdoors.
The layout offers exceptional flexibility and privacy, with dual primary suitesone on each leveleach appointed with luxurious en-suite baths and spacious walk-in closets. A bunk room, two additional guest bedrooms, and a second-floor sitting area ensure ample space for family and visitors. Extensive sound insulation around all bedrooms and baths enhances the home's tranquil ambiance.
Built for longevity and efficiency, the residence features 2x6 exterior walls with spray foam insulation, dual 2.5-ton heat pumps with 15.2 SEER2 ratings, two Navien tankless gas water heaters, and impact-rated MI windows and PGT sliding glass doors. A transfer switch has been installed for generator readiness, and the 1" standing seam metal roof by McElroy Metalpaired with peel-and-stick underlaymentoffers superior durability.
Additional features include a central vacuum system, centralized AV wiring, and a garage fully insulated and prepped for a mini-split system, television, refrigerator with water line, and commercial-grade ice maker. The property also includes an irrigation system with a dedicated well and pump, and a recorded county stormwater plan that conveys with the home.
Located just minutes from the Gulf and surrounded by the natural beauty of Scenic Highway 30A, this home is more than a residenceit is a rare opportunity to experience elevated coastal living in one of Florida's most coveted beachside communities.
Please contact us for detailed rental projections and a full cost-to-own analysis.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 2, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Price Decreased |
$2,600,000
↓ $100K
(3.7%) | |
| Price Decreased | |||
| Jan 15, 2026 | Price Decreased |
$2,700,000
↓ $50K
(1.8%) | |
| Price Decreased | |||
| May 5, 2025 | Listed by Compass | $2,750,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017