211 Pelican Circle
About This Property
The home was designed to dissolve the boundary between inside and out. A NanaWall glass system opens the main living area directly to a heated saltwater pool cradled within the dunes, surrounded by multiple outdoor lounging areas - including a dedicated sunset-watching terrace that earns its name every evening. The summer kitchen is outfitted for serious entertaining, with an Alfresco 42-inch rotisserie grill and a Coyote Asada Egg anchoring the space.
Inside, the chef's kitchen delivers a Wolf gas cooktop, dual Thermador ovens, and a built-in coffee maker among its appointments. A wood-burning fireplace anchors the main living room, while the media room on the second level offers its own wet bar and fireplace for a more intimate retreat. The primary suite crowns the third floor with sweeping Gulf views and a private balcony; a second en suite bedroom on the middle level provides its own quiet remove. A loft adjacent to the primary serves equally well as a reading room, home office, or bunk space. The lower level rounds out the home with a flexible entertainment area and two additional bedrooms with adaptable sleeping arrangements.
Practical luxury runs throughout: a whole-home generator, reverse osmosis water softener, and an elevator serving all three floors ensure comfort without compromise. Attached garage and enclosed golf cart storage complete the picture.
All information and dimensions to be verified by the Buyer.
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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 |
|---|---|---|---|
| May 15, 2026 | Listed by Christies International Real Estate Emerald Coast | $7,900,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Mar 24, 2025 | Listed | $7,900,000 | |
| Listed | |||
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Embrace the epitome of luxury beachfront living with panoramic Gulf views adorning many areas of this exceptional residence. Transformed into a 4-bedroom haven, plus loft and media room, with the potential to reclaim its former 5-bedroom glory, this Geoff Chick remodel exudes sophistication and offers seamless indoor-outdoor entertaining spaces designed to perfection.
Nestled within a gated community with private beach access, this home boasts 76 feet of awe-inspiring beachfront. Step through the NanaWall glass wall to discover a heated saltwater pool harmoniously unified into the dunes, complemented by multiple outdoor seating areas including a sunset viewing haven. Indulge in culinary delights prepared in the exquisite summer kitchen featuring an Alfresco 42-inch rotisserie grill and Coyote Asada Egg. The lushly landscaped grounds provide a picturesque backdrop for outdoor enjoyment and soaking in the warm Florida sunshine. Whether you're hosting gatherings with friends and family or simply enjoying quiet moments of solitude, this idyllic oasis offers endless opportunities for creating lasting memories. Inside, the chef's kitchen dazzles with a Wolf gas cooktop, dual Thermador ovens, a built-in coffee maker, and more. Unwind in the spacious living room with a fireplace or retreat to the media room with a wet bar and another fireplace. The second level hosts a secondary primary bedroom with an en suite bathroom, while the primary bedroom on the third floor offers expansive Gulf views and a private balcony. Adjacent is a versatile loft space ideal for a sitting area, office, or additional bunk room. On the lower level, an entertainment area awaits, along with two bedrooms boasting flexible sleeping arrangements. Additional features include a generator, reverse osmosis water softener, and an elevator accessing all three levels. Don't miss this extraordinary opportunity to experience Gulf-front living at its finest in this impeccably appointed coastal sanctuary. ** All information & dimensions to be verified by the Buyer.
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| Aug 3, 2023 | Sold | ||
| Sold | |||
| May 24, 2023 | No longer available | - | |
| No longer available | |||
| May 11, 2023 | Price Decreased |
$7,990,000
↓ $960K
(10.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017