Discover the pinnacle of luxury, quality, and refinement in this
brand-new custom California Coastal waterfront estate. Designed
with exceptional craftsmanship and architectural sophistication,
this residence embodies the highest standards of elevated coastal
living. Soaring 25-foot ceilings create a striking sense of volume
and light, while thoughtful conveniences include 42-foot-wide
balconies, a commercial-grade elevator, dual laundry rooms, and an
expansive 12-car garage. Constructed with uncompromising integrity,
the home features full concrete construction, limestone cladding,
deep-set pilings, and impact-rated casement and storefront windows.
Inside, meticulously curated finishes showcase hand-selected
natural stone, bespoke millwork, custom walnut cabinetry, and
wide-plank European French oak flooring. The chef's kitchen is
appointed with Miele refrigeration, Wolf gas range, Wolf coffee
system, Perlick wine column and Perlick clear ice maker, all
complemented by honed Taj Mahal quartzite. A sleek linear gas
fireplace and infinity glass railing add to the home's refined
aesthetic. Engineered for both luxury and longevity, the residence
includes a protected deep-water dock, expanded seawall, and
resort-style saltwater pool and spa-creating a private waterfront
sanctuary. This newly built waterfront home-among the first offered
to the public in over a decade in Belleair Beach-offers a rare
opportunity along Florida's Gulf Coast. The private residents-only
beach lies just one block away, while world-class golf at Belleair
Country Club and Pelican Golf Club is less than ten minutes from
your door. Dimensions are estimates, buyer to verify.
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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