203 Bay DRIVE N
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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.
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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 |
|---|---|---|---|
| Oct 27, 2025 | Listed | $4,995,000 | |
| Listed | |||
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A rare opportunity to own one of the most impressive bayfront estates on Anna Maria Island, where panoramic water views, refined coastal architecture, and island living come together in a truly unforgettable setting. This exceptional 8 bedroom, 8.5 bath home offers more than 3,500 sq ft of luxury living directly on the bay in Bradenton Beach, delivering an unmatched combination of elevated modern design, premium construction, and the quintessential Island lifestyle. Floor-to-ceiling windows showcase sweeping open-water views and bring natural light into the spacious living and dining areas, while the gourmet kitchen features quartz countertops, custom cabinetry, high-end appliances, and a large entertaining island ideal for gathering with family and guests. Multiple balconies and outdoor living spaces create a seamless indoor-outdoor flow, capturing sunrise views over the bay and cooling sea breezes throughout the day.
The outdoor experience is resort-like, with a private pool overlooking the water, generous covered seating areas for shaded relaxation, and direct waterfront access for paddleboards or boating enjoyment. A rooftop deck provides dramatic panoramic views of the Intracoastal and skyline, making it an unforgettable setting for sunset evenings and waterfront entertaining. The property is topped with a metal roof and built to modern coastal standards for durability and peace of mind.
Each of the eight bedrooms is designed as an en-suite or semi en-suite, offering exceptional comfort and privacy for guests. The layout accommodates large families and group gatherings with ease, while still feeling private and thoughtfully planned. An elevator makes moving between floors effortless for residence and guests. Currently operated as a luxury vacation rental with strong income history and bookings in place, the home offers both exceptional lifestyle appeal and proven rental performance.
Situated on one of the most desirable stretches of Bradenton Beach, this residence embodies the reason waterfront ownership on Anna Maria Island is so sought-after — a rare opportunity to live directly on the bay while being just a few blocks from the Gulf shoreline, island dining, beach markets, boutique shopping, and the relaxed coastal character that defines life on AMI.
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| Sep 8, 2021 | Sold | ||
| Sold | |||
| Apr 21, 2021 | Listed by LOCALS REALTY LLC | $4,485,000 | |
| Listed by LOCALS REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017