27 Compass Rose Way
About This Property
The first floor features an open living and dining area anchored by a fireplace, a chef's kitchen with premium appliances, and a guest suite with private bath. Expansive glass doors connect to a private outdoor oasis with a pool, spa, sun decks, and screened porches, including a summer kitchen and additional fireplace. The second floor offers dual primary suites with Gulf views along with two additional guest bedrooms, each with en suite baths. Upstairs, the third level includes bunk accommodations, a game and media room, a reading nook, and office space, while the top floor is dedicated to a rooftop lounge with breathtaking views of the coastline.
Interior details include hardwood floors, multiple fireplaces, wet bars, and designer finishes throughout. Offered fully furnished, the home also provides practical luxuries such as a golf cart garage, ample parking, and generous storage.
Located within the gated community of WaterSound Beach, residents enjoy privacy, deeded beach access, multiple pools, a fitness center, and miles of scenic boardwalks winding through protected dunes. Just steps from the shoreline, this residence embodies the luxury, comfort, and coastal charm that define life along Scenic 30A.
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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 4, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2025 | Listed by Christies International Real Estate Emerald Coast | $5,950,000 | |
| Listed by Christies International Real Estate Emerald Coast | |||
| Mar 6, 2025 | Price Decreased |
$5,985,000
↓ $410K
(6.4%) | |
| Price Decreased | |||
| Dec 3, 2024 | Listed | $6,395,000 | |
| Listed | |||
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Timeless elegance and thoughtful design are featured throughout this stunning home located just steps from the beach in the gated community of Watersound. This home boasts Gulf views from the 2nd and 3rd floors as well as expansive views from the 4th floor rooftop deck, featuring 2 sitting areas. A grand foyer welcomes you into to the first floor living area with a gas fireplace, dining area and large kitchen. The spacious living and dining areas open to an outdoor oasis, featuring a private pool and plenty of deck space for entertaining. Folding glass doors off of the living room open to a screened porch with an additional fireplace and sitting area. Off the dining area, French doors open to a screened in porch serving as an additional dining area, complete with a summer kitchen. The first floor also features a bedroom and full bathroom. This 5276 sq.ft. home, not only features 6BR/6.5BA plus two bunk rooms, it also boasts additional living spaces perfect for family and friends to gather or for entertaining guests. Impeccable attention to detail is seen throughout the home. Some of the interior features include hardwood floors, custom tile and woodwork, custom window treatments, as well as beautiful fixtures, finishes, and furnishings. The second floor features 4 additional bedrooms with en suite baths and spacious laundry room. The third floor boasts a kitchen and dining area, media room/game room combo, two bunk rooms, a full bathroom, and an office space. Watersound Beach is unparalleled in its offering of privacy with over a mile of pristine, dedicated beach, that is uncrowded and unforgettably picturesque.
Ownership in Watersound Beach allows one to enjoy the luxuries of this gated community featuring dune lake access for paddling and kayaks, meandering boardwalks and trails for walking, a fitness center, and multiple pools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017