5240 BRIGHTON SHORE DRIVE
About This Property
5240 Brighton Shore Drive is a single-story, four-bedroom, three-bathroom pool home offering 3,049 square feet of living space, located in the gated waterfront community of MiraBay in Apollo Beach. The home includes a fenced backyard, a two-car garage, and a functional floorplan designed for everyday living and entertaining.
Inside luxury vinyl flooring runs throughout complimented by crown molding, tray ceilings, recessed lighting, arched doorways, and custom art niches. The home features a natural gas fireplace, built-in mudroom, ceiling fans, a neutral finishes, attic flooring for added storage, and a whole home water softener and filtration system.
The kitchen is a standout featuring quartz countertops, 42-inch upper cabinets with crown molding, new stainless steel appliances, a built-in oven and microwave, natural gas cooktop, wine refrigerator, French-door refrigerator, herringbone backsplash, large basin sink, and a center island with breakfast bar seating. The kitchen opens to the main living areas.
Smart-home features include keypad entry, a WiFi-enabled garage door opener, WifFi-enabled thermostat with multi-zone HVAC, Ring doorbell, WiFi irrigation system, and integrated interior and exterior speakers.
The primary suite offers a private retreat with a walk-in closet, dual split-sink vanities, a freestanding soaking tub, and a frameless glass shower with a rain shower head and full tile surround.
Outdoor living is highlighted by a covered and screened patio with ceiling fans and space for a mounted television, overlooking a pavered pool and heated spa. The pool equipment was fully replaced and the pool was resurfaced in December 2024. The backyard is fully fenced, and additional exterior features include outdoor lighting and hurricane shutters.
Major system updates include a roof replacement in August 2023 and replacement of both HVAC units in July 2024.
MiraBay offers gated access and amenities including two heated community pools, a two-story 24-hour fitness center, clubhouse, tennis and pickleball courts, walking and biking trails, and golf-cart access to MiraBay Village shopping and dining.
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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%.
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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.
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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.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017