118 Shingle Lane
About This Property
Ascend to the second level via the custom staircase or elevator for added convenience. This grand space encompasses the primary living spaces with a gourmet kitchen, wine room, living room, dining room, and a spacious covered porch with summer kitchen and fireplace. Highlights of the kitchen include marble counters, custom cabinetry, a Cove dishwasher, Wolf gas range with hood, and Sub-Zero refrigerator and freezer while the wine room offers built-in storage, a Sub-Zero wine fridge, beverage center and icemaker. An elegant guest suite with ensuite bathroom is also located on the second floor plus a powder room. Connected to the main house via a unique glass catwalk is the sizable guest home. It includes a sitting area, two bedrooms and a full bathroom.
On the third level, find the primary suite with spectacular views across the breathtaking natural sand dunes of WaterSound Beach. A separate sitting area, pecky cypress walls, incredible ensuite which includes a television in the mirror, built-in office, morning bar with Sub-Zero wine refrigerator and icemaker, and private porch with gulf views make this a truly luxurious owner's retreat. On the top floor, find the crowned jewel with a cozy sitting area with pecky cypress walls and ceilings and exterior porch all with magnificent Gulf views.
Follow a wooden boardwalk winding through picturesque dunescape directly to the beach from this residence. Outstanding community amenities including swimming pools, a puttering park, community green space, and a state-of-the-art fitness center are steps away. This stunning gulf-front home is a masterpiece of design, seamlessly blending modern sophistication with the natural beauty that defines the 30A Gulf Coast and offers a one-of-a-kind opportunity for the most discerning buyers.
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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%.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | Listed by Scenic Sotheby's International Realty | $13,998,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Mar 21, 2025 | Listed | $13,900,000 | |
| Listed | |||
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Nestled along the pristine shores of the premier WaterSound Beach community, this one-of-a-kind GULF FRONT haven presents the epitome of coastal elegance. A four-bedroom primary home and a two-bedroom guest house encompass nearly 6,200 square feet of impeccably designed interior spaces while a spacious outdoor courtyard offers a private pool, spa, and lounge area with firepit. From the moment you enter the residence, the meticulous quality of construction is apparent with luxurious finishes throughout including Venetian plaster walls, pecky cypress cabinetry and walls, custom millwork, beamed ceilings, brick accent walls, custom tiled bathrooms, hidden closets and so much more. The first level of the home offers the ultimate gathering space with a secondary living room with multiple seating areas, a gorgeous pecky cypress bar with Asko dishwasher, icemaker, and a Sub-Zero miniature refrigerator. There are also a guest suite with ensuite bathroom and a bunk room with four built-in bunks and an ensuite bathroom. Open and screened porches provide additional spaces to enjoy on the first floor.
Ascend to the second level via the custom staircase or elevator for added convenience. This grand space encompasses the primary living spaces with a gourmet kitchen, wine room, living room, dining room, and a spacious covered porch with summer kitchen and fireplace. Highlights of the kitchen include marble counters, custom cabinetry, a Cove dishwasher, Wolf gas range with hood, and Sub-Zero refrigerator and freezer while the wine room offers built-in storage, a Sub-Zero wine fridge, beverage center and icemaker. An elegant guest suite with ensuite bathroom is also located on the second floor plus a powder room. Connected to the main house via a unique glass catwalk is the sizable guest home. It includes a sitting area, two bedrooms and a full bathroom.
On the third level, find the primary suite with spectacular views across the breathtaking natural sand dunes of WaterSound Beach. A separate sitting area, pecky cypress walls, incredible ensuite which includes a television in the mirror, built-in office, morning bar with Sub-Zero wine refrigerator and icemaker, and private porch with gulf views make this a truly luxurious owner's retreat. On the top floor, find the crowned jewel with a cozy sitting area with pecky cypress walls and ceilings and exterior porch all with magnificent Gulf views.
Follow a wooden boardwalk winding through picturesque dunescape directly to the beach from this residence. Outstanding community amenities including swimming pools, a puttering park, community green space, and a state-of-the-art fitness center are steps away. This stunning gulf-front home is a masterpiece of design, seamlessly blending modern sophistication with the natural beauty that defines the 30A Gulf Coast and offers a one-of-a-kind opportunity for the most discerning buyers.
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| Jun 2, 2014 | Sold | ||
| Sold | |||
| Nov 28, 2011 | Listed by The Beach Group Properties LLC | $1,995,000 | |
| Listed by The Beach Group Properties LLC | |||
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Located in the exclusive gated neighborhood of WaterSound Beach! This gulf/dune front lot in WaterSound Beach will offer some of the best views on the coast! Incredible depth on this lot with 144 feet on the west side and 157 feet on the east side! The building footprint on this lot will allow for a very large home, carriage house, private pool, and expansive outdoor space! WaterSound Beach offers multiple community pools and the opportunity to join the WaterSound Beach Club! WaterSound Beach is a private, quiet and gated neighborhood with spectacular dunes and nearly 1 mile of beach frontage!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017