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5405 TYBEE ISLAND DRIVE
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Listed by COLDWELL BANKER REALTY | $1,875,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| May 18, 2026 | Price Decreased |
$1,875,000
↓ $125K
(6.3%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$1,999,999
↓ $130K
(6.1%) | |
| Price Decreased | |||
| Feb 3, 2026 | Price Decreased |
$2,130,000
↓ $50K
(2.3%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by KELLER WILLIAMS SOUTH SHORE | $2,180,000 | |
| Listed by KELLER WILLIAMS SOUTH SHORE | |||
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Exquisite Waterfront Estate | 200' of Shoreline..
Brand New Tile Roof (2025)..
Experience premier coastal living in this stunning John Cannon custom estate, situated on a sprawling cul-de-sac lot with approximately 200 feet of water frontage. This property offers direct lagoon access via a private dock and a 20,000 pound boat lift, making it a true standout, in the Bay Estates of MiraBay.
Elegant Updates & Design
This primarily single-story floor plan has recent upgrades include a new HVAC system, tankless water heater, pool heater, and designer lighting.
Chef’s Kitchen: Equipped with top-tier appliances, quartz countertops, custom cabinetry, an oversized island, and a sunny breakfast nook.
Indoor-Outdoor Flow: The family room features fully retractable pocket sliding doors that open to the lanai for a seamless transition to the waterfront breeze.
Dedicated Work & Social Spaces: Includes a private home office, formal dining and living rooms, and a custom entertaining bar with integrated wine storage.
Versatile Living Spaces...
The thoughtful split-plan layout ensures privacy and comfort for all:
Primary Suite: A sanctuary featuring a sitting area, direct pool access, an oversized soaking tub, a signature walk-in shower, and custom-organized closets.
Guest Accommodations: Two additional first-floor bedrooms (one ensuite) and a pool bath with direct lanai access.
Upper Level: A remodeled guest suite with a full bath and a spacious bonus room that opens to a private balcony with sweeping lagoon views.
Outdoor Oasis
The backyard is designed for relaxation and recreation, anchored by a heated pool and spa with elegant travertine decking. The outdoor living area is completed by:
A large, spacious, outdoor kitchen and covered dining area.
A cozy fireplace and professional, lush landscaping.
Unobstructed views of the water for enjoying evening sunsets.
Additional Highlights
Custom closet systems and architectural tray ceilings.
3-car garage with epoxy flooring and upgraded storage.
Located within the gated MiraBay community. This resort-style community has a community clubhouse, heated-resort-style Olympic swimming pool, 136 ft water slide, parks, 3 playgrounds, gym, cafe with a full liquor license, basketball courts, tennis courts, fitness center, 135-acre lagoon where you can rent kayaks and paddle away, and much, much more. You will feel like you’re living in a 5-star resort! This community has it all. This home is centrally located and convenient to Tampa, Orlando, Bradenton, Sarasota, and St. Petersburg where you can experience the best Florida beaches, shopping, and entertainment. The Florida lifestyle you've been dreaming of awaits you. Paradise awaits! Call today for your private showing.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017