122 Gulf Bridge Lane
About This Property
Crafted with meticulous attention to detail, this home is a testament to modern coastal architecture. Notice the seamless integration of elements from the geometric detailing on the balconies to the cedar shake siding and roof shingles to the over 1,800 Sq Ft of Ipe decking on all outdoor porches. From the moment you arrive, you'll be captivated the seamless integration of indoor and outdoor living spaces. Step onto one of several expansive porches, including wraparound porches on both the first and second levels and a remarkable 4th-floor observation tower where breathtaking sunsets become a nightly ritual.
The interior of the home is no less stunning with multiple rooms wrapped in shiplap, beamed and vaulted ceilings, abundant windows bathing the home with natural light, and designer touches evident throughout in the lighting fixtures and high-end furnishings. The bright and airy great room is the heart of the home with a gas fireplace with marble surround, Cypress ceiling beams, and Nano doors that open to a welcoming dining porch overlooking the pool. The beautifully crafted kitchen is a culinary haven with commercial grade appliances, marble countertops, a Moroccan-style backsplash, floor-to-ceiling cabinetry, and Oyster shell chandeliers over the generously sized island. One guest suite is located on the first level with three more including the primary suite on the second level, and another on the third level. Each ensuite features artfully tiled walk-in showers and luxury detailing in both the fixtures and cabinetry. Both the second and third levels include a landing space perfect for a media room or office space.
Designed for both comfort and entertainment, the outdoor pool area beckons with its tranquil ambiance and borders a lovely community park, ensuring utmost privacy for your gatherings. This property is located moments from the community trail to Camp Creek Lake and bridge to private community beach access. The driveway can easily accommodate four cars along with additional parking available in the one-car garage. The thoughtful design of this property makes it well suited to a variety of uses from an investment property to a personal retreat.
The gated WaterSound Peninsula community is located south of Scenic Highway 30A offering homeowners a rare sense of seclusion yet with easy access to area activities. Amenities include swimming pools, a puttering park, community green spaces, a state-of-the-art fitness center, and private boardwalks along the rare coastal dune lakes and leading to the beach and to one of the most beautiful stretches of coastline in the country. Owners also have the opportunity to join the Watersound Club by The St. Joe Company featuring: private beach access, beach services, pools, restaurants, a bar with gulf views, two private golf courses (Camp Creek and Sharks Tooth) and the brand new Lifestyle Center at Camp Creek.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| May 14, 2024 | Listed by Berkshire Hathaway HomeServices | $3,995,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Mar 13, 2024 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Price Decreased |
$4,250,000
↓ $200K
(4.5%) | |
| Price Decreased | |||
| Sep 10, 2023 | Listed by Compass Florida, LLC | $4,450,000 | |
| Listed by Compass Florida, LLC | |||
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Newly constructed and south of 30A with both gulf and lake views for well under $4,500,000. Presenting 122 Gulf Bridge Ln. in Watersound. This exquisite newly constructed home has been designed to maximize the views of Camp Creek Lake & the gulf. Several spacious outdoor porches (including a breathtaking 4th floor lookout tower) provide the perfect vantage point to enjoy sunsets. The rear pool area offers additional entertainment space and privacy as it borders a secluded common area. Inside you'll find an open floorplan with 5 bedrooms - each with an ensuite bath and multiple living spaces for all your family and guests. Additional upgrades include cedar shake roof, appliance upgrades, marble counters in all wet areas, and more. Revenue projections 225-280K. New golf cart now conveys. The manager has listed the unit size as 3298 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017