850 BAY POINT DRIVE
About This Property
This extraordinary ELEVATED 2020 residence sits on one of the most coveted and RARELY AVAILABLE LOTS along the INTRACOASTAL WATERWAY, offering unobstructed SUNRISE & SUNSET VIEWS and DIRECT GULF ACCESS with a 40,000-LB DECO BOAT LIFT (2023). Bring the heavy boats. The newer dock (2021) includes water (2024) and electric.
Inside, soaring ceilings, warm natural wood floors, and walls of glass frame Boca Ciega Bay from nearly every room. The chef's kitchen features SUB-ZERO refrigeration, a WOLF gas range, built-in convection oven and microwave, KITCHENAID dishwasher (2025).
The layout offers TWO LUXURIOUS PRIMARY SUITES, an additional en-suite bedroom, and a private office with sound-deadening membrane. A PRIVATE 950-LB RATED ELEVATOR connects all levels and leads to a 2,606 SQ FT LOWER-LEVEL 5+ CAR GARAGE with 3-TON MINI-SPLIT A/C and polyaspartic flooring (2022), accommodating vehicles, jet skis, and motorcycles with ease.
ROOF (2022). HURRICANE IMPACT WINDOWS/DOORS THROUGHOUT. 24kW WHOLE-HOUSE GENERATOR powered by a 500-GALLON BURIED PROPANE TANK (Industrial grade). FIBER INTERNET. LUTRON SMART-HOME AUTOMATION provides seamless control of lighting and whole-home audio with voice activation. Remotely manage lighting, entry access, climate, and security systems from anywhere, delivering a true modern luxury living experience. FULLY INTEGRATED CCTV SECURITY WITH STORAGE FOR A MONTH.
Outdoors, PROFESSIONALLY DESIGNED LANDSCAPING (2023), spun-copper commercial lighting, tiki torches, in-ground irrigation with drip line for potted plants, and STAINLESS CABLE RAILINGS WITH INTEGRATED LIGHTING (2024) create a refined waterfront setting. The backyard is prepped for a future outdoor kitchen with propane line, a wide 12ft balcony with 460 sq ft outdoor living space and drain in place. Plenty of room for an inground pool. Less than a mile stroll to the Gulf beaches of Madeira Beach - boat in the morning, beach at sunset. This is true Florida coastal living.
Inside you will find THREE SLEEK BIDETS, CUSTOM PRIMARY CLOSETS, PLANTATION SHUTTERS, BEAUTIFULLY REMODELED ALL FOUR BATHROOMS (2025/26), HOTEL COLLECTION SCENT SYSTEM (2023) PLUMBED INTO HVAC, reverse-osmosis water at the wet bar, HIGH-EFFICIENCY VARIABLE-SPEED HVAC SYSTEM (2024), and GE washer & dryer (2023) conveying.
Flood insurance is $813 per year and assumable.
This is not simply a waterfront home.
It is a statement for the buyer who understands luxury.
Be sure to review the 3D floorplan and Social Media Reel.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$2,299,950
↓ $100K
(4.2%) | |
| Price Decreased | |||
| Mar 15, 2026 | Price Decreased |
$2,399,950
↓ $100K
(4%) | |
| Price Decreased | |||
| Mar 6, 2026 | Price Decreased |
$2,499,950
↓ $100K
(3.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017