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5704 TYBEE ISLAND DRIVE
About This Property
This one-story Key West-style pool home sits on approximately 80 feet of saltwater canal frontage in the gated MiraBay community of Apollo Beach, with direct boating access to Tampa Bay and no fixed bridges of lifts between your dock and open water. The private dock and lift, in-ground pool, and covered outdoor living areas with wood ceilings make this one of the most complete High-end newer waterfront packages in the neighborhood.
The exterior is finished with professional uplighting front and back, lighted dock, retaining wall lighting, and an outdoor kitchen with quartz waterfall edge countertops under a covered lanai with wood ceiling. The 3-plus car garage has loads of customized easy access storage and provides room for vehicles, golf carts, and water gear. A metal roof, HVAC, and tankless water heater are all approximately three years old, and foam insulation keeps efficiency high year-round. The home also carries natural gas service, whole-home water softener, Honeywell security system, and fiber internet capability.
Inside, the open-concept floor plan delivers 12-foot ceilings, crown molding, tray ceilings, and Gorgeous imported tile flooring in the main living areas. A whole-home audio system runs through ceiling speakers in nearly every room and the lanai. The kitchen features quartz waterfall edge countertops, stainless steel appliances, built-in oven, cooktop, an oversized center island, extra-large walk-in pantry, built-in butler's pantry, and wine bar. The primary suite at the rear of the home carries canal views, a custom California closet, enormous walk-through shower with floor-to-ceiling imported tile and multiple shower heads, dual sinks, and a cozy soaking tub. A private guest suite with ensuite bath and two secondary bedrooms sharing a full bath complete the split floor plan. A dedicated office adds flexibility for remote work.
MiraBay amenities include two heated pools, lounge, a poolside cafe, 24-hour fitness center, tennis, pickleball, and basketball courts, parks, trails, a private boat launch, and free community kayaks and paddleboards. The HOA is approximately $190 yearly. Tampa International Airport is under 30 minutes. Downtown Tampa and St. Petersburg are each within 30 to 40 minutes.
**What the Seller Loves: There is something about pulling out of this canal in the morning with no bridges between you and open Tampa Bay water that never stopped feeling like a privilege. We chose this lot specifically for the 80 feet of frontage and the clean run to the bay, and it delivered every single time. Quick runs in the evenings to the flats to watch the sunset will be memories we never forget. The outdoor living spaces are where we spent most of our time, the wood ceiling on the lanai, the outdoor kitchen, the pool with the canal right there. The neighbors on Tybee Island Drive are genuinely great and we are going to miss this street.
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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 |
|---|---|---|---|
| Jul 14, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by 27NORTH REALTY | $1,479,000 | |
| Listed by 27NORTH REALTY | |||
| May 12, 2022 | Sold | ||
| Sold | |||
| Jul 21, 2021 | Listed by HOMES IN SOUTHSHORE REALTY, LLC | $1,300,000 | |
| Listed by HOMES IN SOUTHSHORE REALTY, LLC | |||
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Under Construction. Boaters paradise at its best! Come live the Florida coastal lifestyle! This gorgeous ONE STORY custom built home is located in the desirable gated community of Mirabay right in the heart of Apollo Beach. The Key West style home sits on a canal with quick and easy access to Tampa Bay. This home offers four bedrooms, 3 full bathrooms and a three car garage. The garage has plenty of space so bring your toys, bikes and extra vehicles to store. Once inside you will be welcomed by an open floor plan with 12 foot ceiling throughout the living room. The large open kitchen is fit for a chef that features stainless steel appliances, quartz countertops, large pantry and extended island that overlooks the family room. Escape to your Master suite with an amazing view of the canal. The three way split floor plan offers privacy for everyone with 2 bedrooms and bathroom on one side of the home. On the another side of the home offers a perfect guest room with large closet and a private bathroom. This home offers outdoor living at its best. The sun is glowing and the breeze is blowing. It's easy to get lost in this backyard oasis. You will be able to sip, chill and grill on the lanai area. Mirabay offers resort style amenities: pools, fitness center, parks, trails and amazing clubhouse with a personal activities director, café, outdoor heated pools with waterslide, tennis court, basketball and pickleball courts. They even offer water sports activities including sailboats, kayaks, paddleboards and fishing. So much to do such little time. BRAND NEW EVERYTHING! Mirabay offers resort style amenities: pools, fitness center, parks, trails and amazing clubhouse with a personal activities director, café, outdoor heated pools with waterslide, tennis court, basketball and pickleball courts. They even offer water sports activities including sailboats, kayaks, paddle boards and fishing. So much to do such little time. BRAND NEW EVERYTHING!
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017