Pure Beachfront Magnificence awaits on the stunning sands of
pristine Redington Beach in this outstanding Gulf-front estate.
Enjoy endless water views, recreation and amazing sunsets on the
white sand beach in a quiet residential community. This grand
estate boasts approximately 80 feet of water frontage on a deep
200-foot lot and offers a newly painted interior for a fresh,
transitional appeal. Offering fine finishes and expansive living
spaces across three levels of concrete block construction, the
residence features impact windows and doors, soaring ceilings,
impressive floor-to-ceiling windows overlooking the beach and
multiple waterfront terraces. Enter through the stately
double-door, leaded-glass entry to travertine and hardwood floors,
a private elevator and custom architectural details. The new chef's
kitchen provides top-of-the-line Thermador stainless steel
appliances, new custom cabinetry and counters, and a large center
island opening to the great room with a gas fireplace, sitting and
breakfast areas, and an elegant formal dining room. Make your
escape to the private primary suite through an elegant double-door
entry to spectacular views and luxurious appointments, including a
gas fireplace, built-in entertainment center, sitting area, custom
closet and dressing room, and a private covered terrace offering
panoramic views of the Gulf. An opulent primary bath features a
soaking tub and dramatic oversized shower. Three spacious guest
suites, each offering Gulf views, are elegantly appointed with
private full baths and access to two private balconies overlooking
the beach. A detached private mother-in-law suite offers the fifth
bedroom and bath along with a kitchenette. Designed to deliver an
outstanding beachfront lifestyle, the outdoor living and
entertaining area boasts over 1,000 square feet, with an oversized
heated saltwater pool, spa, automated LED lighting, a spacious
covered entertaining area, travertine paver surround and
low-maintenance turf. Built to exacting standards, additional
appointments include smart home features and a security system. A
generous driveway and oversized attached six-car garage provide
exceptional parking capacity, plus an adjacent residents-only
parking area perfect for overflow parking or entertaining. Located
in a quiet residential area that offers easy access to dining,
shopping, Tampa International Airport and entertainment. This is
one of the few existing beachfront properties currently available
that offers the scale, construction quality and refined finishes
comparable to newer luxury construction.
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.
Parking Features: Driveway, Garage Door Opener, Garage Faces Side, Guest, Oversized, Parking Pad
Garage Spaces: 6
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Elevator, High Ceilings, Open Floorplan, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
Appliances: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
Flooring Type: Marble, Tile, Hardwood, Travertine
Door Features: Sliding Doors
Laundry Features: Inside, Laundry Room
Rooms: 9
Has Fireplace
Fireplace Features: Gas, Living Room, Master Bedroom
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