747 Scenic Gulf Drive
About This Property
Thoughtfully designed to celebrate its beachfront setting, this seven-bedroom, five-bath residence offers seamless indoor-outdoor living with expansive water-facing patios, double balconies, and a crow's nest overlooking the Gulf and the private pool below. Every level is oriented to maximize natural light, sea breezes, and panoramic views of the emerald coastline.
The private pool invites both leisure and activity -- ideal for swimming laps or cooling off after a sun-soaked day on the sand. Scallop-trimmed umbrellas, a hammock, and shaded lounging areas create a relaxed resort atmosphere, while the modern outdoor fire pit provides the perfect gathering place just steps from the beach.
Inside, the home makes a striking first impression with marble floors, a grand staircase, and a crystal chandelier anchoring the opulent foyer. Spacious living areas flow effortlessly into outdoor entertaining spaces, offering multiple settings for hosting and relaxation. A standout feature is the custom bunk room complete with double bunks, a foosball table, and a smart TV -- a favorite gathering spot for guests of all ages.
Whether enjoying sunset dinners al fresco, morning coffee overlooking the Gulf, or evenings under the stars with family and friends, 747 Scenic Gulf Drive offers the ultimate Gulf-front lifestyle -- a rare opportunity to own a legacy property directly on the sand in one of the Emerald Coast's most desirable locations.
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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 |
|---|---|---|---|
| Feb 16, 2026 | Listed by Berkshire Hathaway HomeServices | $5,500,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Apr 20, 2021 | No longer available | - | |
| No longer available | |||
| Oct 22, 2020 | Listed | $4,500,000 | |
| Listed | |||
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Gulf Front living at its finest! Behind the privacy gate this 6-bedroom, 5 bath mansion boasts a heated pool, over 6000 square feet of living space including a 4th floor crow's nest with amazing gulf views, 4 balconies, two kitchens, and a brand-new elevator (2018)! From the moment you step into the opulent two-story foyer with crystal chandelier and grand curved staircase you can feel the extraordinary southern spirit of this home welcoming you in.AMAZING INVESTMENT PROPERTY! Can sleep 20+ people and AdvantStay guarantees Net profit of $240,000 a year!!! plus they pay all utilities, pool and lawn maintenance etc. The manager has listed the unit size as 6408 square feet.
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| Jun 30, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Listed | $4,500,000 | |
| Listed | |||
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Gulf Front living at its finest! Behind the privacy gate this 7-bedroom, 5 bath mansion boasts a heated pool, over 6000 square feet of living space including a 4th floor crow's nest with amazing gulf views, 4 balconies, two kitchens, and a brand-new elevator (2018)! From the moment you step into the opulent two-story foyer with crystal chandelier and grand curved staircase you can feel the extraordinary southern spirit of this home welcoming you in. The first floor has two guest rooms (Bunk Rooms), a luxurious master suite with built in cabinetry, full kitchen with new appliances, laundry room and direct access to the pool deck and beach. The elegant curved staircase leads to the second level and main living area of the home featuring travertine and hard wood floors. The manager has listed the unit size as 6408 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017