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500 GULF BOULEVARD
About This Property
Built in 2010 and encompassing approximately 3,923 square feet of refined living space, the residence is thoughtfully designed to maximize breathtaking panoramic Gulf views while creating an effortless connection between indoor and outdoor living. Soaring cathedral and vaulted ceilings, rich wood flooring, crown molding, custom millwork, ship lap ceilings, solid wood cabinetry, remote shades, stone countertops, expansive living spaces, and walls of glass create interiors of understated elegance and enduring style.
The main level showcases an elegant foyer, spacious great room with a gas fireplace, formal dining area - overlooking the resort style pool and Gulf of America, executive study, and a beautifully appointed chef's kitchen featuring premium appliances, natural gas cooking, solid surface countertops, abundant custom cabinetry, butler's pantry, low bar with 3-designer pendant lighting and generous preparation space designed for both intimate gatherings and large-scale entertaining.
The first-floor primary suite serves as a private sanctuary overlooking the Gulf, French doors open onto a private terrace overlooking the pool & Gulf, complete with an expansive custom built walk-in closet and luxurious en-suite bath. Upstairs, three additional guest suites, two full bathrooms each with walk-in closets, an expansive Gulf-facing balcony offering spectacular sunset views from each of the three guest bedrooms stretching across the horizon, are complemented by a spacious loft - opens to a covered balcony and an expansive Gulf-facing balcony offering spectacular sunset views stretching across the horizon. Two laundry closets - one for each level. Exterior pool bath powder room, remote patio screen enclosure.
Designed for effortless coastal living, the outdoor experience is equally exceptional. The resort-style setting includes a heated spa, illuminated salt pool, covered outdoor living areas, outdoor kitchen, multiple balconies, lush mature landscaping, irrigation, professional landscape lighting, and direct access to the pristine white sands of Belleair Shore. A concrete seawall further enhances the property's waterfront improvements.
The oversized gated property offers exceptional privacy while remaining moments from Belleair Country Club, area marinas, fine dining, boutique shopping, and the world-renowned beaches of Florida's Gulf Coast. Residents also enjoy access to Belleair Shore's private resident beach amenities.
A spacious three-car side-entry garage, metal roof, tankless water heater, natural gas service, security system, and numerous premium appointments complete this remarkable residence.
Rarely does a property combine this level of privacy, beachfront frontage, architectural character, and premier location into one exceptional offering. This is Gulf-front living at its finest.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017