Tucked away on one of Belleair's best-kept streets-Alexander
Road-this family estate blends privacy, nature, and generous living
spaces. Begin your day with coffee on the back deck overlooking a
lush, wildlife-rich backdrop. Inside, high ceilings, clean lines,
and abundant natural light set a sophisticated tone. The open
kitchen features custom cabinetry, stainless Thermador appliances,
and a large granite island for casual meals and effortless food
preparation. The kitchen flows into a warm family room with
coffered ceilings and a fireplace-ideal for gatherings or movie
night. The primary suite offers a spacious walk-in closet, a
spa-style bath, and tranquil views of the yard and pool. With five
bedrooms, the home comfortably serves a large or growing family. On
the lower level, nearly 3,000 additional square feet expand your
options with an entertainer's kitchen, additional bedrooms, office
space, and substantial storage. Outdoors, a stone patio
frames the sparkling pool, with multiple areas for sun, shade,
dining, and year-round entertaining. Notable upgrades include a
22-kW standby generator, Control4 home automation, and a whole-home
water filtration system. The property spans a subdividable double
lot, offering future flexibility. Just steps from Belleair Country
Club, the location allows owners to apply for membership-and this
homeowner qualifies for priority on any membership wait list.
Social memberships include dining, a fitness center with pool,
tennis, pickleball, croquet, and more; golf memberships add access
to two championship, 18-hole, Donald Ross–designed courses. This
rare offering delivers space, serenity, and convenience in the
heart of Belleair.
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.
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