5403 TYBEE ISLAND DRIVE
About This Property
Designed for exceptional waterfront living, this custom John Cannon masterpiece is perfectly positioned at the end of a cul-de-sac in the exclusive, gated Bay Estates of MiraBay. Bathed in natural light and showcasing stunning water views throughout, this elegant estate blends timeless design with resort-style luxury-crafted for glamorous entertaining and effortless indoor-outdoor living.
A grand entrance through custom bronze doors welcomes you into a soaring foyer, setting the tone for the home's exquisite interior. Highlights include hand-scraped wide-plank hardwood floors, custom millwork, multi-tray ceilings, and a carved-stone fireplace. The spacious living room features built-in bookcases and expansive corner pocket sliding doors that reveal breathtaking views of the pool, spa, and waterfront.
The gourmet chef's kitchen is a showstopper-featuring dual islands with granite countertops, custom soft-close cabinetry, a SubZero refrigerator/freezer, Wolf gas range and double ovens, onyx backsplash, two prep sinks, walk-in pantry, and a wine cooler. An adjoining breakfast room and sun-filled family room with more pocket sliders lead seamlessly to the screened lanai, outdoor fireplace, summer kitchen, and waterfront dining area.
The ultra-luxurious master suite is a private retreat with double tray ceilings, crown molding, a sitting room overlooking the pool, and a spa-worthy bath with granite countertops, custom cabinetry, a freestanding soaking tub, and intricate travertine flooring. Large windows frame a breathtaking hand-painted mural of the Amalfi Coast, adding a truly artistic touch.
Additional features include a 4-car garage and a heavy-duty boat lift-ideal for exploring the 135-acre lagoon and Tampa Bay's finest waterside restaurants and boating destinations. Apollo Beach boasts some of the best year-round inshore fishing in Southwest Florida.
MiraBay residents enjoy access to resort amenities: a heated Olympic pool, waterslide, clubhouse, playgrounds, fitness center, and courts for tennis, pickleball, and basketball. Kayaks, paddleboards, and canoes are available to residents at no cost. Ideally located just minutes from I-75, top-rated charter schools, hospitals, shopping, Downtown Tampa, and the Gulf beaches-this is coastal luxury at its finest.
Your waterfront dream home awaits-schedule your private tour today.
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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