428 ISLEBAY DRIVE
About This Property
428 Islebay Drive isn't just a home; it's a daily front-row seat to the Gulf breeze, sunsets over the canal, and dolphins gliding past your private dock.
Tucked inside the elite Mirabay waterfront community, this 4-bed, 3-bath home delivers resort-level living with the space and flow that lets life breathe.
Wake up to water views from the primary first floor suite, grab your coffee and step outside to the screened-in lanai with heated pool and spa, and watch the day begin across the direct-access saltwater canal.
The open-concept kitchen features 42" cabinets, stone counters, gas range, and a massive island that anchors the home - ideal for family hangouts or hosting with ease.
A 2-car garage, newer AC, and meticulously maintained finishes ensure this isn't just pretty - it's smart living too.
You're not buying a house. You're buying a lifestyle that others drive hours to visit. And here, it's just your Tuesday.
Mirabay is a boating and active community. Offers; pool with slide, pool cafe, fitness center, tennis & pickleball courts, basketball courts, kayaks available to residents to use on the lagoon, clubhouse for events and waterfront access within the community. The community also offers adult-theme and family friendly parties, including Christmas boat and Golf cart parades.
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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 |
|---|---|---|---|
| Aug 21, 2025 | Sold | ||
| Sold | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| Jun 9, 2025 | Price Decreased |
$900,000
↓ $50K
(5.3%) | |
| Price Decreased | |||
| May 23, 2025 | Price Decreased |
$950,000
↓ $49K
(4.9%) | |
| Price Decreased | |||
| Mar 14, 2025 | Listed by PREFERRED SHORE LLC | $999,000 | |
| Listed by PREFERRED SHORE LLC | |||
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017