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60 MALIBU COVE
About This Property
Build the coastal home you've always envisioned on this oversized corner waterfront homesite in the exclusive, gated community of Shelter Cove with a community pool! Located at 60 Malibu Cove, this exceptional lot offers a bulkheaded saltwater canal frontage with direct access to the Intracoastal Waterway, making it a dream location for boaters, anglers, kayakers, and paddleboard enthusiasts.
The generous corner lot provides an expanded building footprint, giving you the flexibility to design a spacious custom home with room for a pool, outdoor entertaining, and all the features you've been dreaming of. Add your own private dock or fishing pier and enjoy effortless days on the water just steps from your backyard.
Tucked away in a private, secluded community just off scenic A1A, you'll enjoy the peaceful coastal lifestyle while still being close enough to hear the soothing sound of the Atlantic Ocean. Spend your mornings watching dolphins in the Intracoastal, afternoons fishing from your dock, and evenings relaxing with ocean breezes.
Location is everything:
Bulkheaded saltwater canal with direct Intracoastal access
Oversized corner lot offering a larger home footprint
Build your private boat dock or fishing pier
Gated, private waterfront community
Minutes to Flagler Beach's restaurants, shopping, and beaches
Approximately 30 minutes to historic St. Augustine
Approximately 30 minutes to Daytona Beach
Just over an hour to Orlando's world-famous attractions and international airport
Whether you're looking for the perfect place to build your forever home, a luxurious coastal retreat, or an investment in one of Flagler County's premier waterfront communities, 60 Malibu Cove offers a rare opportunity to enjoy the very best of Florida waterfront 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 |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by STILES REAL ESTATE CO. | $343,500 | |
| Listed by STILES REAL ESTATE CO. | |||
| Jun 19, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | No longer available | - | |
| No longer available | |||
| Nov 13, 2022 | Listed by STILES REAL ESTATE CO. | $298,800 | |
| Listed by STILES REAL ESTATE CO. | |||
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About Beverly Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017