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824 ISLEBAY DRIVE
About This Property
4 Bedrooms | 4 Bathrooms | 3,848 Sq Ft | 3-Car Garage | Pool
Luxury living meets modern efficiency in this beautifully updated home located in the sought-after waterfront community of MiraBay. Thoughtfully enhanced with over $130,000 in recent upgrades, this spacious 4-bedroom, 4-bath residence offers the perfect combination of elegant living spaces, high-end improvements, and exceptional energy savings.
From the moment you arrive, you'll appreciate the home's fresh curb appeal, highlighted by a brand-new roof (2024) and freshly painted interior (2026). Inside, nearly 3,850 square feet of thoughtfully designed living space features soaring ceilings, abundant natural light, hardwood flooring throughout the stairs and second-floor living areas, and new carpet in all bedrooms for a fresh, move-in-ready feel.
The heart of the home is the beautifully appointed kitchen, complete with all-new appliances (2026), generous cabinetry, and an open layout that flows effortlessly into the main living and dining areas, making it ideal for both everyday living and entertaining.
The flexible floor plan offers spacious bedrooms, multiple gathering spaces, and a private bonus room enhanced with newly added French doors, creating the perfect media room, game room, home office, or guest retreat.
Step outside to your own backyard oasis, where a sparkling pool and newly installed Hayward heat pump allow for year-round enjoyment. Whether hosting family and friends or relaxing after a long day, the outdoor living space is designed for the Florida lifestyle.
Beyond its beauty, this home delivers exceptional value with major system updates already completed. A fully paid-off 18.4 kW rooftop solar system, paired with a 14 kWh whole-home backup battery and Lumin Smart Energy Management System, provides impressive energy efficiency, lower utility costs, and peace of mind during power outages. Additional upgrades include dual HVAC systems replaced in 2023 and an EV charging station for added convenience.
As a resident of MiraBay, you'll enjoy resort-style amenities including a waterfront clubhouse and cafe, resort pool, 24 hour fitness center, tennis and pickleball courts, parks, walking trails, playgrounds, and year-round community events.
With luxury finishes, extensive recent improvements, outstanding energy efficiency, and an unbeatable location within one of Apollo Beach's premier communities, 824 Islebay Drive offers an exceptional opportunity to enjoy the very best of Florida living.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$815,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by 27NORTH REALTY | $825,000 | |
| Listed by 27NORTH REALTY | |||
| May 13, 2025 | Price Decreased |
$850,000
↓ $44K
(4.9%) | |
| Price Decreased | |||
| Apr 18, 2025 | Price Decreased |
$894,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Mar 20, 2025 | Listed | $899,000 | |
| Listed | |||
| | |||
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Experience the pinnacle of luxury living in this nearly 4,000-square-foot estate in the waterfront community of MiraBay.
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017