264 Grace Point Way
About This Property
From the moment you enter, thoughtful details create an unmistakable sense of coastal elegance. A soaring three-story entry is finished in refined Venetian plaster, while sculptural lighting, warm white oak floors, and walls of windows fill the interiors with an abundance of natural light. The main living level unfolds toward the Gulf, bringing together gracious living and dining spaces with a beautifully appointed chef's kitchen featuring Wolf and Sub-Zero appliances, custom cabinetry, a waterfall island, and a full scullery discreetly tucked beyond.
Outdoor living is woven seamlessly into the experience, with expansive terraces designed for sun-soaked afternoons, Gulf breezes, and evenings beneath the sunset. A private infinity-edge pool, covered lounge, and outdoor kitchen create an elegant setting for entertaining, while the third-floor terrace offers a fireplace, wet bar, and elevated Gulf views for a more intimate escape. Seven ensuite bedrooms offer gracious accommodations for family and guests, highlighted by a private third-floor primary suite with westward-facing Gulf views, vaulted ceilings, dual walk-in closets, separate vanities, and an oversized spa-style shower.
An elevator connects all three levels, complemented by multiple gathering spaces, motorized shades, integrated audio-visual systems, three laundry rooms, and a detached poolside lounge with its own fireplace and wet bar. Further elevating the Grace Point lifestyle, consideration may also be given to the Watersound Beach Club initiation fee as part of the offering.
Elegant yet inviting, 264 Grace Point Way is a home created for the way life along the Gulf is meant to be enjoyed: beautifully, effortlessly, and together.
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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.
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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 |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$9,975,000
↓ $525K
(5%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Scenic Sotheby's International Realty | $10,500,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Apr 30, 2025 | Listed by Corcoran Reverie SRB | $8,795,000 | |
| Listed by Corcoran Reverie SRB | |||
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Welcome to 264 Grace Point Way, a breathtaking coastal residence nestled within the exclusive, boutique enclave of Grace Point. Set along Florida's iconic Emerald Coast, this extraordinary home offers the rare blend of refined architectural design, resort-style amenities, and seamless access to the private Watersound Beach Club—creating a lifestyle that is as effortless as it is luxurious. Encompassing just under 7,400 square feet, this seven-bedroom, nine-bathroom estate has been meticulously crafted to elevate everyday living. Upon entry, you're welcomed by a soaring three-story atrium, awash in natural light and grounded in timeless elegance. This dramatic space offers an immediate sense of grandeur and serenity, establishing the tone for the thoughtfully curated interiors that follow. Positioned on the second floor to maximize panoramic Gulf views, the main living area is both expansive and intimate. Walls of glass draw the eye outward toward the horizon, while soft textures and organic materials create a warm, modern ambiance. The open-concept design seamlessly blends living, dining, and culinary spaces, anchored by a gourmet kitchen featuring premium appliances, a generous center island, and finely crafted custom cabinetry. Tucked discreetly behind, a full butler's kitchen adds functionality and ease when hosting, catering, or preparing private meals. Step through sliding glass doors to one of the home's most spectacular features: an expansive second-level terrace that redefines outdoor living. Designed to capture every Gulf breeze and golden sunset, this private oasis boasts a sparkling pool, a covered lounge area, and a fully equipped outdoor kitchen complete with a built-in grill, bar seating, sink, and refrigeration. Perfect for both quiet mornings and lively evenings, this elevated retreat creates a seamless connection between indoors and out, framed by the sound of the waves and the rhythm of coastal life. Each of the home's seven bedrooms is a sanctuary of its own, complete with an ensuite bath and serene, private ambiance. The third-floor primary suite offers an exceptional escape complete with an indulgent spa-inspired bath, soaking tub, and oversized walk-in shower. Generous closet space, refined finishes, and Gulf views round out the experience, while several guest suites enjoy private balconies or direct access to the home's outdoor areas providing privacy and luxury for everyone who stays.
Entertainment is central to the home's thoughtful layout, with a media room often referred to as a man cave serving as a welcoming haven for movie nights, game days, or casual gatherings. A dedicated home office provides an elegant and productive space for remote work or quiet reflection. With an elevator servicing all three levels, and two full laundry rooms positioned for convenience, every element of the home has been designed with modern living in mind.
Beyond its stunning interiors, what truly elevates 264 Grace Point Way is its location within one of 30A's most exclusive neighborhoods. Grace Point is a private, gated coastal community where timeless architecture and curated landscaping come together in a peaceful, intimate setting. As one of the very few communities with direct gated access into the Watersound Beach Club, residents with a membership can enjoy a resort-style environment just moments from home. From lazy river pools and private cabanas to exceptional dining, the Beach Club is the heartbeat of this unparalleled lifestyle. More than just a home, 264 Grace Point Way is a statement of living well. It's a place where refined coastal design meets effortless luxury, where every space invites connection, comfort, and calm. Whether you are seeking a full-time residence, a vacation retreat, or a legacy property for generations to come, this home delivers on every level.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017