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534 CRYSTAL DRIVE
About This Property
With quick access to the open waters of the Gulf of Mexico, boating enthusiasts will appreciate the premier waterfront setting with deep water dock, while the home itself offers an impressive collection of features rarely found at this price point. Thoughtfully designed for both grand-scale entertaining and everyday comfort, the expansive open-concept floorplan centers around a stunning chef's kitchen with oversized gathering spaces inculding custom wood cabinetry, soild stone countertop and seamless indoor-outdoor flow.
Offering 6 spacious bedrooms, a private theater room, dedicated home office, and an extraordinary 6-car garage, salt water heated pool, the residence blends sophistication with functionality for modern family living. The luxurious primary suite serves as a private retreat, complete with spa-inspired finishes and generous walk-in accommodations expected of a true luxury waterfront home. Along with the peace of mind that comes with all concrete block construction.
Beyond the property itself, Madeira Beach offers an unmatched quality of life - known for its welcoming coastal community, excellent schools, family-friendly atmosphere, and year-round outdoor lifestyle. Whether enjoying sunset cruises, weekends at the beach, or entertaining waterfront guests, this home represents a rare opportunity to experience the best of Florida's Gulf Coast living.
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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 12, 2026 | Sold | ||
| Sold | |||
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | $3,449,000 | |
| Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | |||
| Aug 8, 2025 | Listed | $3,970,000 | |
| Listed | |||
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Under Construction. UNDER CONSTRUCTION. Behold this amazing, new-construction, waterfront home! Designed to enhance your coastal lifestyle with elegance and comfort. This home is built to the highest standards of strength and quality of finishes. You'll take comfort in knowing your new home is not only a sanctuary, but also a fortress. Room for a large family or work-at-home environment with 6 bedrooms and 5 full baths. On the ground level you will have room for at least 4 cars inside the garage, plenty of storage and access to the elevator that serves all levels. Outside you will find a 13 x 32 heated AND cooled salt water pool as well as a raised spa with every feature available, including: sun shelf, umbrella holders, LED lighting, multiple jets, pebble sheen finish and a glacier-white "leathered" marble deck surface. There is a new dock and new corrugated seawall as well! In the living space you will find the kitchen to be a chef's delight, with the highest quality appliances a large island and an open concept that allows the kitchen to remain the heartbeat of the home. There is also a dedicated home theater room to enhance in-home entertainment options. On the top level you will relish in the spacious primary suite with sliding doors to a private balcony overlooking the waterway, a spacious closet with custom shelving and a spa-like bath featuring double vanities, walk-in shower, tub and water closet. The Crystal Island neighborhood is in the heart of Madeira Beach and provides an idyllic location to live "island life" - close to beach, yet tucked away in a quiet area of exclusively waterfront homes. This home is curated with designer touches throughout by a thoughtful, experienced designer that evokes the coastally elegant lifestyle. When only the finest home will do, you owe it to yourself to see this amazing example of modern, coastal elegance.
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| Oct 14, 2022 | Sold | ||
| Sold | |||
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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017