394 South Splash Drive
About This Property
Spanning approximately 5,456 square feet, the residence offers five bedrooms, five full baths, and two half baths, including a detached carriage house with a private living area and full bath. A graceful arched entry, dormered multi-gabled facade, wide-plank European oak flooring, and expansive windows establish the home's architectural character while bringing in abundant natural light and Lake Powell views. The open-concept living, kitchen, and dining spaces flow seamlessly together, with expansive sliding glass doors opening to the covered outdoor living area, perfect for a cool afternoon with the doors open. A herringbone-brick fireplace anchors the living room, while the kitchen features a substantial center island, custom oak cabinetry, Wolf range, premium appliances, adjacent prep kitchen, and well-appointed wet bar.
The primary suite features an oversized soaking tub beneath a wall of windows, marble-clad shower, and warm brass fixtures. Outside, a shell-stone terrace surrounds the private pool and spa, complemented by an outdoor fireplace and covered living spaces. A three-car garage with custom carriage-style doors completes the property.
WaterSound Origins residents enjoy Village Commons amenities including a resort-style pool, fitness center, tennis and pickleball courts, walking and biking trails, Lake Powell access, and the Origins Golf Course, with WaterSound Town Center, 30A, dining, and the Gulf's white-sand beaches nearby.
With its exceptional Lake Powell setting and level of craftsmanship, 394 S Splash Drive represents a rare opportunity to own one of WaterSound Origins' flagship custom homes.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 11, 2026 | Listed by Scenic Sotheby's International Realty | $4,970,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Jul 16, 2026 | Listed by Kaiya Real Estate | $4,525,000 | |
| Listed by Kaiya Real Estate | |||
| |||
|
Welcome to one of the finest homes ever offered in WaterSound Origins. Built by Romair Construction, this newly completed custom residence in Powell Landing West sets a new standard for luxury living, craftsmanship, and design within the community.
Overlooking the tranquil waters of Lake Powell, this 5,364-square-foot home offers 5 bedrooms and 5 bathrooms with thoughtfully curated finishes typically reserved for premier luxury homes. Expansive Euro-Wall sliding glass doors create a seamless connection between the indoor and outdoor living spaces, while wide-plank European oak flooring, custom stained oak cabinetry, and elegant marble tile in the primary suite showcase the home's exceptional attention to detail.
The chef's kitchen is appointed with Wolf and Sub-Zero appliances, Waterworks plumbing fixtures, and designer finishes throughout. Outside, a shell stone pool deck surrounds the private resort-style pool, creating an ideal setting for entertaining or relaxing while enjoying the peaceful Lake Powell backdrop.
Every element of this residence was intentionally selected to deliver an elevated living experience. Combining timeless architecture, superior craftsmanship, and one of the most desirable homesites in WaterSound Origins, this property represents a rare opportunity to own what is truly one of the community's flagship custom homes.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017