11511 Compass Point Drive
About This Property
The centerpiece of the home is a stunning HEATED POOL & SPA, perfectly positioned in the courtyard and connecting the MAIN RESIDENCE, SEPARATE CABANA, and a FULLY SEPARATE GUEST HOUSE-creating a private, indoor-outdoor retreat that feels like your own boutique resort. The main home offers spacious living and dining areas, a CHEF'S KITCHEN WITH DUAL DISHWASHERS, and a peaceful PRIMARY SUITE WITH DIRECT COURTYARD ACCESS AND WATER VIEWS. One of the standout features is the CUSTOM-BUILT BAR WITH RICH WOODWORK, designed to feel like your own private pub-perfect for hosting or unwinding at the end of the day.
THE CABANA features a kitchenette and full bath and the GUEST HOUSE is complete with kitchenette, full bath, separate bedroom and living area with a gorgeous water view. Both spaces add incredible flexibility, making this property ideal for OUT-OF-TOWN GUESTS, MULTIGENERATIONAL LIVING, OR A PRIVATE HOME OFFICE SETUP, all while maintaining separation and privacy for everyone.
This home also delivers serious peace of mind with a 2020 KOHLER WHOLE-HOUSE GENERATOR, 500-GALLON PROPANE TANK, FULL HURRICANE SHUTTER PROTECTION (SERVICED IN 2025), NEWER ROOFS (MAIN HOME 2016, GUEST HOUSE 2023), UPDATED HOT WATER SYSTEMS, and WELL-MAINTAINED A/C.
Located in the GATED EDGEWATER COMMUNITY OF GULF HARBOUR, residents have the option (with SEPARATE CLUB MEMBERSHIP) to enjoy CHAMPIONSHIP GOLF, a DEEP-WATER MARINA, TENNIS, FITNESS, FINE DINING, and a GRAND CLUBHOUSE, all just minutes from WHITE SAND BEACHES and the GULF OF MEXICO.
This isn't just a home-it's a lifestyle setup that truly works for the way people live today.
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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 |
|---|---|---|---|
| Mar 13, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Price Decreased |
$1,295,000
↓ $155K
(10.7%) | |
| Price Decreased | |||
| Jan 20, 2026 | Price Decreased |
$1,450,000
↓ $125K
(7.9%) | |
| Price Decreased | |||
| Dec 26, 2025 | Price Decreased |
$1,575,000
↓ $50K
(3.1%) | |
| Price Decreased | |||
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About Iona
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017