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719 ISLEBAY DRIVE
About This Property
Unlike new construction, there no need to invest in upgraded packages, structural add-ones, or post-closing enhancements.
Positioned on an expansive 80-foot waterfront lot, this MiraBay canal home offers exceptional frontage highly valued by boating enthusiasts. The wider lot allows accommodation for a 40-foot boat or smaller, providing greater dock flexibility, easier maneuvering when returning to the lift, and additional space for larger vessels or multiple watercrafts . The end-of-canal position also offers additional turning space when navigating into the lift, a valuable feature appreciated by experienced boaters. Boating is ready to go with a new seawall, private dock and 10,000-lb boat lift, offering direct Tampa Bay boating access in under 10 minutes with no bridges, locks, or restrictions. Inside, nearly 3,100 square feet of living space offers generous proportions and craftsmanship throughout. The gourmet kitchen features high-end Thermador and KitchenAid appliances, custom cabinetry, premium finishes, and a professionally engineered ventilation system with dedicated make-up air designed to enhance comfort, indoor air quality, and HVAC efficiency. Architectural details include hand-applied Venetian plaster walls, creating depth and character while creating a subtle acoustic softness not found in newer construction. A guest bathroom finished in breathable lime wash adds a spa-inspired aesthetic designed specifically for Florida's climate. Step outside to a private waterfront retreat featuring a resurfaced pool, expansive screened lanai, privacy screens, misting system, and year-round canal views, creating an outdoor living space ideal for relaxing or entertaining along the water.
Major system upgrades provide long-term peace of mind and efficiency, including a paid-in-full whole-home solar system, solar pool heating, metal roof, two newer HVAC systems with UV lights, and a new pool system, all completed within the past three years.
Located within the amenity-rich MiraBay waterfront community, residents enjoy access to a clubhouse, fitness center, resort-style pools, tennis courts, pickleball, waterfront walking trails, and marina access, all just minutes from Tampa Bay.
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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.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017