301 MIDWAY ISLAND
About This Property
Fully upgraded and meticulously curated to the highest standards, the residence is constructed to current flood elevation requirements, providing remarkable peace of mind. Having remained completely unscathed by two recent storms, the home stands as a testament to superior craftsmanship and structural integrity.
Upon arrival, you are welcomed into a breathtaking great room crowned by soaring 20-foot ceilings and bathed in natural light. A custom-built mahogany bar with seating for six and a temperature-controlled wine chiller anchors the space, creating an entertainer's showpiece designed for unforgettable evenings. Every furnishing has been thoughtfully selected to complement the home's architectural grandeur, enhancing both comfort and aesthetic refinement.
The chef's kitchen is a culinary sanctuary, appointed with top-tier appliances, natural gas, and exquisite custom cabinetry. Seamlessly flowing into the family room and breakfast nook, the space is warmed by a gas fireplace and framed by a dramatic wall of glass that reveals captivating views of the redesigned heated pool. Outdoors, a private resort-style oasis unfolds-featuring a sumptuous Jacuzzi, cascading waterfalls, ambient lighting, and lush tropical landscaping designed for both relaxation and refined entertaining.
For the avid boater, the deep-water dock-constructed with premium composite decking-includes a lift and moorings suitable for a 50+ foot yacht, offering effortless access to open water and embodying the very essence of luxury waterfront living.
The thoughtfully designed floor plan provides exceptional versatility. The ground level hosts a private suite ideal as a fourth bedroom, executive office, or sophisticated den. Two beautifully appointed guest suites occupy the mid-level, while the crown jewel of the home awaits above: an extraordinary top-floor primary retreat. This serene sanctuary showcases sweeping Intracoastal views, a spa-inspired bath with a jetted soaking tub, dual vanities, and an expansive glass-enclosed shower-an indulgent escape designed for tranquility.
Ascend further to a private loft and expansive rooftop terrace, where panoramic sunsets paint the sky in gold and crimson. Whether hosting elegant soirees or enjoying quiet evenings under the stars, this elevated outdoor sanctuary defines the art of coastal living.
Every detail-from architectural lighting to impeccable finishes-reflects timeless sophistication. Delivered fully furnished and impeccably styled, this is more than a home; it is a rare investment-grade, turnkey waterfront estate offering immediate enjoyment, income potential, and uncompromising luxury.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 28, 2026 | In contract | - | |
| In contract | |||
| Dec 9, 2025 | Price Decreased |
$2,399,000
↓ $201K
(7.7%) | |
| Price Decreased | |||
| Sep 19, 2025 | Listed by BHHS FLORIDA PROPERTIES GROUP | $2,599,999 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
| Apr 15, 2025 | Price Decreased |
$2,699,000
↓ $196K
(6.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017