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614 PINCKNEY DRIVE
About This Property
Welcome to 614 Pinckney Drive, a custom-built waterfront pool home in the gated community of MiraBay in Apollo Beach, Florida. Built in 2022 by Bistro Builders, this 2,698 sq ft residence offers 4 bedrooms, 3 full bathrooms, and a private office that can double as a 5th bedroom. The home sits at the end of a quiet cul-de-sac with saltwater canal access directly to Tampa Bay-no bridges or fixed height restrictions, perfect for boaters.
A peaceful community pond borders one side of the property, creating privacy and beautiful views. Inside, you'll find imported tile flooring, impact-rated windows and doors, multi-room surround sound, and a gourmet kitchen with upgraded appliances. The open-concept great room is ideal for entertaining, and the outdoor kitchen area is pre-plumbed with natural gas, hot/cold water, and sewer, ready for your custom design.
The three-car garage features an epoxy floor and plenty of room for vehicles, storage, or a golf cart-ideal for exploring this golf cart-friendly community. MiraBay residents enjoy resort-style pools with waterslide, splash pad, and lap lanes; a 24/7 fitness center; clubhouse with cafe and lounge; tennis, pickleball, and basketball courts; walking trails; and year-round social events.
From MiraBay, residents can reach the Mirabay Village Shopping Plaza via golf cart, where you'll find dining, a wine bar, ice cream shop, grocery store, salons, and more. This exceptional home combines luxury waterfront living with the relaxed coastal lifestyle that makes Apollo Beach one of Tampa Bay's most desirable boating communities.
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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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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.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017