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624 BALIBAY ROAD
About This Property
Welcome to coastal luxury at its finest. This impeccably maintained John Cannon model home is perfectly positioned in the highly sought-after Bay Estates section of MiraBay, offering over 100 feet of pristine waterfront along a tranquil lagoon with southern exposure and stunning sunset views. Enjoy true Florida living with direct boating access to Tampa Bay, just minutes away from your private dock and 20,000 lb boat lift.
Designed with a blend of coastal elegance and modern upgrades, this spacious residence features 5 bedrooms, a dedicated office, and a versatile media/game room that can easily serve as a fifth bedroom. An upstairs suite with a walkout veranda overlooking the water creates the perfect setting for morning coffee or evening relaxation.
At the heart of the home is a chef-inspired gourmet kitchen, showcasing Wolf and Sub-Zero appliances, a new 36" oven, warming drawer, and a dual-zone wine refrigerator. The open-concept living spaces flow effortlessly to an exceptional outdoor retreat featuring a resort-style pool and spa, custom outdoor kitchen, and a stone fireplace, all enclosed within a panoramic screened lanai.
The main-level owner's suite offers a private sanctuary with California closets and direct access to the pool and lanai. Additional upgrades include two newer A/C units (2020) and a third replaced in 2018, a whole-home generator, seamless gutters, Hunter Douglas Silhouette shades, and a comprehensive water filtration, osmosis, and softener system.
Further enhancements include a renovated wet/wine bar, brand-new GE washer and dryer, LED landscape lighting, and updated pool control equipment. A spacious three-car garage and tile roof replaced in 2016) complete this exceptional property.
Located in one of the area's most desirable waterfront communities, MiraBay offers a vibrant, resort-style lifestyle where every day truly feels like a vacation.
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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.
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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 10, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by 27NORTH REALTY | $2,000,000 | |
| Listed by 27NORTH REALTY | |||
| May 8, 2025 | Listed | $2,175,000 | |
| Listed | |||
| | |||
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Resort-Style Waterfront Living in Mirabay’s Exclusive Bay Estates
Experience the ultimate in coastal luxury with this impeccably maintained John Cannon model home, nestled in the prestigious Bay Estates section of Mirabay. With over 100 feet of pristine waterfront along a peaceful lagoon with South view and sunset views, this residence offers, resort-style amenities, and direct boating access to TampaBay—just minutes away via your private 20,000lb boat lift and dock.
Blending coastal casual elegance with thoughtful upgrades, this spacious home features 5 bedrooms, an office, and a media/game room that could easily function as the 5th bedroom. The upstairs suite opens to a walkout veranda overlooking the water, perfect for quiet mornings or evening sunsets.
Enter in in style with a gourmet chef’s kitchen equipped with Wolf and Sub-Zero appliances, a new 36" oven, warming drawer, and dual-zone wine fridge. The expansive living areas open seamlessly to a stunning outdoor oasis—complete with a resort-style pool and spa, custom-built outdoor kitchen, and cozy stone fireplace beneath a panoramic lanai screen.
Retreat to the luxurious main-floor owner’s suite, featuring California closets and private access to the pool and lanai. Enjoy the comfort and convenience of two new A/C units, a whole home generator, seamless gutters, Hunter Douglas silhouette shades, and a state-of-the-art water osmosis/filtration/softener system.
Additional upgrades include a renovated wet/wine bar, brand new GE washer and dryer, LED landscape lighting, and updated pool control equipment. Two A/C's were replaced in 2020 and the third was replaced in 2018. A spacious three-car garage and tile roof complete this picture-perfect home in a vibrant, family-friendly waterfront community.
Don’t miss the opportunity to live where every day feels like a vacation.
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| May 5, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017