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88 HIDDEN COVE
About This Property
The thoughtfully designed residence features light-filled interiors, spacious living areas, tile flooring throughout, and a beautifully appointed chef's kitchen with stainless steel appliances, custom cabinetry, and generous workspace. Recent upgrades include two new HVAC systems (2022 & 2025), a new pool heater (2025), and a brand-new 10,000-lb boat lift (2025).
A detached casita offers exceptional flexibility as a guest suite, executive office, fitness studio, or private retreat. Located within the exclusive waterfront gated community of Shelter Cove, with only 44 homes or homesites, residents enjoy a clubhouse, community pool, lawn maintenance, and gated security.
With a private dock offering direct Intracoastal access and the beach just moments away, this extraordinary estate embodies the finest in Florida luxury waterfront living.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2026 | Price Decreased |
$999,999
↓ $25K
(2.4%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by WEICHERT REALTORS HALLMARK | $1,025,000 | |
| Listed by WEICHERT REALTORS HALLMARK | |||
| Feb 12, 2026 | Listed by COMPASS FLORIDA | $1,045,000 | |
| Listed by COMPASS FLORIDA | |||
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Welcome to your private slice of coastal paradise. This extraordinary Mediterranean-inspired courtyard estate is gracefully positioned on a deep-water saltwater canal, just off the Intracoastal Waterway. Enjoy the rare luxury of true dual waterfront living — launch your boat from your backyard or take a short stroll across the street to a quiet, uncrowded stretch of pristine beach. Here, refined coastal elegance meets effortless waterfront living.
The main residence showcases a spacious floor plan designed to capture natural light and showcase timeless architectural details. Recent enhancements ensure modern comfort and peace of mind, including two HVAC systems (2022 & 2025) and a new water heater (2025).
At the heart of the home, the chef’s kitchen blends style and functionality with stainless steel appliances, expansive counter space, abundant custom cabinetry, and generous storage — perfectly suited for both intimate evenings and entertaining.
Designed with both sophistication and ease in mind, the home features tile flooring throughout all bedrooms, with no carpet anywhere — offering a seamless, low-maintenance aesthetic.
The residence embraces Florida’s coveted indoor-outdoor lifestyle, centering around a secluded courtyard oasis. A sparkling pool and outdoor kitchen create an exceptional setting for elegant gatherings, sunset dinners, or serene relaxation in complete privacy.
A detached casita enhances the properties versatility, ideal for hosting guests, multi-generational living, a private executive office, fitness studio, or an inspired creative retreat.
Located within the exclusive 44-residence waterfront enclave of Shelter Cove, this property offers both privacy and true Florida living. HOA includes gate, community pool with clubhouse and all yard maintenance and irrigation. Your private dock, complemented by a brand-new 10,000 lb boat lift (2025), provides effortless access to open water — inviting days of boating, fishing, and unforgettable sunset cruises along the Intracoastal.
This is more than a home — it is a lifestyle defined by elegance, tranquility, and coastal distinction.
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| Dec 20, 2021 | Sold | ||
| Sold | |||
| Nov 9, 2021 | No longer available | - | |
| No longer available | |||
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About Beverly Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017