100
Map
$1,199,000
●
House -
In Contract
508 ISLEBAY DRIVE
APOLLO BEACH, FL 33572
4 Beds
3 Baths,
1
Half Bath
3,475 Ft²
$7,465
Est. Monthly
$16
HOA / Fees
About This Property
Under contract-accepting backup offers. 508 Islebay Drive | 4
Bedrooms | 3.5 Bathrooms | 3,475 Sq. Ft. | Waterfront Pool Home in
MiraBay
Back on the Market! Inspections and Appraisal have been completed. Experience waterfront living at 508 Islebay Drive, a beautifully updated 4-bedroom, 3.5-bathroom home with a dedicated office, private dock, heated pool and spa, and direct saltwater canal access in the gated MiraBay community.
Offering 3,475 square feet of refined living space, this contemporary waterfront residence features a remodeled first floor, an updated primary bathroom, a modernized fireplace, and thoughtfully selected upgrades throughout. The chef-inspired kitchen includes solid wood cabinetry, stone countertops, and premium Jenn-Air appliances replaced in 2023.
The spacious first-floor primary suite provides a private retreat with a spa-style en suite bathroom featuring dual vanities and multiple shower heads. Additional interior improvements include new Toto toilets. The roof and water heater were replaced in 2021, adding comfort and long-term value.
Designed for Florida indoor-outdoor living, the home features an impressive 50-foot screened lanai overlooking the canal. The outdoor entertaining area includes a heated gunite pool and spa, a fully equipped outdoor kitchen, and pool equipment updated in 2021 with solar, electric, and gas heating options.
Boating enthusiasts will appreciate the private dock with a 16,000-pound boat lift and a separate jet ski lift, offering convenient access to the canal and surrounding waterways.
MiraBay residents enjoy access to community amenities including a clubhouse, fitness center, resort-style pools, tennis courts, parks, and private boating facilities.
This exceptional MiraBay waterfront home combines refined interior finishes, extensive outdoor entertaining space, and direct boating access. Schedule your private showing of 508 Islebay Drive today.
Back on the Market! Inspections and Appraisal have been completed. Experience waterfront living at 508 Islebay Drive, a beautifully updated 4-bedroom, 3.5-bathroom home with a dedicated office, private dock, heated pool and spa, and direct saltwater canal access in the gated MiraBay community.
Offering 3,475 square feet of refined living space, this contemporary waterfront residence features a remodeled first floor, an updated primary bathroom, a modernized fireplace, and thoughtfully selected upgrades throughout. The chef-inspired kitchen includes solid wood cabinetry, stone countertops, and premium Jenn-Air appliances replaced in 2023.
The spacious first-floor primary suite provides a private retreat with a spa-style en suite bathroom featuring dual vanities and multiple shower heads. Additional interior improvements include new Toto toilets. The roof and water heater were replaced in 2021, adding comfort and long-term value.
Designed for Florida indoor-outdoor living, the home features an impressive 50-foot screened lanai overlooking the canal. The outdoor entertaining area includes a heated gunite pool and spa, a fully equipped outdoor kitchen, and pool equipment updated in 2021 with solar, electric, and gas heating options.
Boating enthusiasts will appreciate the private dock with a 16,000-pound boat lift and a separate jet ski lift, offering convenient access to the canal and surrounding waterways.
MiraBay residents enjoy access to community amenities including a clubhouse, fitness center, resort-style pools, tennis courts, parks, and private boating facilities.
This exceptional MiraBay waterfront home combines refined interior finishes, extensive outdoor entertaining space, and direct boating access. Schedule your private showing of 508 Islebay Drive today.
Unit Size
3,475 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$345
Property Type
House
Property Taxes
$1,561
HOA Dues
$16
Year Built
2004
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 11 days ago (Stellar MLS #TB8518837)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Sep 17, 2026 | Relisted | $1,199,000 | |
| Relisted | |||
| Jul 30, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$1,199,000
↓ $15K
(1.2%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by 27NORTH REALTY | $1,214,000 | |
| Listed by 27NORTH REALTY | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, High Ceilings, Open Floorplan, Stone Counters, Walk-In Closet(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Appliances: Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Gas Water Heater, Microwave, Refrigerator, Water Softener
Flooring Type: Carpet, Ceramic Tile
Door Features: French Doors
Laundry Features: Inside, Laundry Room
Rooms: 14
Has Fireplace
Fireplace Features: Gas, Living Room
Exterior Details
Square Footage: 3475
Square Footage Source: $0
Security Features: Gated Community, Security Gate, Security System, Smoke Detector(s)
Architectural Style: Contemporary
Year Built: 2004
Waterfront Features: Canal Front, Lake Front, Waterfront, Canal Access
Waterbody Name: BISCAYNE CANAL
Building Area Total: 4769
Levels: Two
Other Structures: Outdoor Kitchen
Building Area Units: Square Feet
Window Features: Blinds, Shutters, Window Treatments
Construction Materials: Block, Stucco
Patio and Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch, Screened
Pool Features: Gunite, Heated, In Ground, Pool Sweep, Screen Enclosure
Pool is Private
Lot Features: Cleared, Landscaped, Level, In County, Sidewalk
Lot Size Area: 12272
Lot Size Units: Square Feet
Lot Size Acres: 0.28
Lot Size Square Feet: 12272
Tax Lot: 3
Water Source: Public
Financial Details
Tax Annual Amount: $18,735
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Community Pool, Escrow Reserves Fund, Pool Maintenance, Private Road
HOA/Condo/Coop Amenities: Basketball Court, Clubhouse, Fitness Center, Gated, Park, Playground, Pool, Recreation Facilities, Tennis Court(s), Trail(s), Fence Restrictions, Lobby Key Required, Pickleball Court(s)
HOA Fee: $190
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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HOA + Taxes
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Listed by: Shawna Calvert
27NORTH REALTY
Last Updated: 11 days ago
Data Source: Stellar MLS, MLS# TB8518837
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
27NORTH REALTY
Last Updated: 11 days ago
Data Source: Stellar MLS, MLS# TB8518837
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