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613 BALIBAY ROAD
About This Property
Some waterfront homes give you a view. This one gives you an entire way of life. Beyond MiraBay's main gate, Bay Estates is a second-gated enclave of custom residences on homesites exceeding 100 feet. Start the morning with coffee overlooking the canal, lower the boat from your private dock for a day on Tampa Bay, then come home to the heated pool, 10-person spa, and outdoor kitchen. Built by award-winning John Cannon Homes, this Cape Cod-style residence makes every day feel like a waterfront escape.
Inside, the water is never just a backdrop. Soaring ceilings and dramatic tray details elevate the great room, while plantation shutters, custom molding, and long-plank luxury vinyl flooring add warmth. Sliding glass doors frame the canal and open from the great room, kitchen, and primary suite directly to the lanai for effortless indoor-outdoor living.
Nearly 4,000 square feet provides room to gather and space to retreat. The kitchen features two quartz islands, double ovens, stainless steel appliances, wood cabinetry, and a built-in wine rack. Three bedrooms, living and dining spaces, and a flex room are on the main level. The primary suite feels like a waterfront getaway with French doors to the lanai, two custom walk-in closets, dual vanities, a jetted tub, and a walk-in shower with multiple showerheads and a built-in bench.
Upstairs, the bonus room includes a wet bar and mini refrigerator, then opens to a balcony overlooking the pool and canal. Two additional bedrooms have balcony access, while a spiral staircase leads to a secluded third-level loft for working, relaxing, or enjoying the view.
The backyard is designed for the way your come to Florida to live. Travertine surrounds the heated pool and spa, built in 2019 with fountains, Jandy LED lighting, and in-pool barstools. The outdoor kitchen features a Blaze natural gas grill, ice maker, refrigerator, storage, and JBL speakers. Just beyond the pool, the dock includes a 25,000-pound boat lift and tandem Jet Ski lift. The seller reports the Jet Ski lift is grandfathered under current regulations, creating a dock setup that is difficult to duplicate. The seawall was replaced in 2021.
Major improvements let you enjoy the lifestyle with confidence, including a 24kW Generac generator powering the home and lift systems, HVAC and water heater replaced in 2021, and full repaint in 2022. The finished garage holds three cars plus a golf cart or fourth vehicle, with epoxy flooring and SafeRacks storage.
MiraBay extends the experience with two heated resort-style pools, a cafe and lounge, 24-hour fitness center, trails, tennis, pickleball, basketball, complimentary kayaks and paddleboards, a private boat launch, weekly food trucks, and golf-cart access to MiraBay Shopping Plaza. The CDD covers community seawalls. Convenient to Tampa, MacDill AFB, US-41, and I-75.
Ideal for boating enthusiasts, entertainers, and buyers seeking flexible guest space with resort-style living at home.
***** WHAT THE SELLER LOVES: The water is part of every day, from quiet mornings on the lanai to afternoons on Tampa Bay and evenings gathered around the pool. This is more than a home near the water. It is a home built for living on it. Schedule your private showing.
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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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