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918 SHAGOS DRIVE
About This Property
The reason to see 918 Shagos Drive is waiting in the backyard. More than 65 feet of deep-water saltwater canal frontage puts your boat at home on a private dock with a 10,000-lb lift, with no bridges between you and Tampa Bay. Set on the south channel of Shagos Bay, this custom home by a local builder adds a west-facing waterfront, heated screened pool, covered outdoor kitchen, no HOA, no CDD, and short-term renting allowed. The waterfront lifestyle starts the moment you step outside.
A day here can begin by lowering the boat for fishing, cruising, island hopping, or waterfront dining, then end right back at home beside the canal. The rear balcony-style porch faces west for sunset views, and the seller has enjoyed watching dolphins and manatees move through the water. The seller also reports that the home sits approximately 12 feet above sea level and has never flooded. The dock and lift have been replaced, giving the waterfront a ready-made setup for boating.
When the boat stays put, the private courtyard-style pool becomes the center of the home. Three sliding glass doors open toward the approximately 24-by-33-foot screened patio and heated gunite pool, connecting indoor living with swimming, outdoor meals, and entertaining. The pool has been replastered and has a color LED light. The pool cage, pavers, and covered outdoor kitchen have also been replaced. Outside bath access, a fire pit, and updated landscaping create even more ways to enjoy the backyard.
Inside, this all block home has 1,572 square feet on one level, with architecture that gives it a personality of its own. Cathedral and high ceilings, skylights, architectural windows, and open living and dining spaces keep the interior connected to the pool and waterfront. The renovated kitchen has stone counters, a convection oven, wine refrigerator, and eating space, and both bathrooms have been updated.
The primary bedroom has a walk-in closet and private bath, with two additional bedrooms and a second full bath completing the layout. The two-car attached garage has recent interior paint, a checkerboard floor, and a brand-new garage door opener. Recent improvements also include a newer heavy-gauge metal roof, an approximately two-year-old pool heater, and an approximately three-year-old high-efficiency heat-pump water heater.
For investors, short-term renting is allowed, with no minimum lease period. For someone who wants to live here, the appeal is simple: step outside and your boat, pool, outdoor kitchen, sunsets, and Tampa Bay access are all part of home. This is not one to judge only from the photos. Come stand in the backyard at 918 Shagos Drive and see why the setting changes the conversation.
***** WHAT THE SELLER LOVES
The water is part of the rhythm here. The boat is ready when you are, the heated pool and outdoor kitchen make staying home feel like a getaway, and evenings naturally drift toward the rear porch as the sun sets over the canal. The seller has especially loved seeing dolphins and manatees in the water and having so many ways to enjoy the backyard from morning through evening.
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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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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Listed by 27NORTH REALTY | $749,000 | |
| Listed by 27NORTH REALTY | |||
| Aug 3, 2026 | Price Decreased |
$750,000
↓ $40K
(5.1%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$789,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by LPT REALTY, LLC | $799,900 | |
| Listed by LPT REALTY, LLC | |||
| |||
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One of Apollo Beach’s Most Unique Waterfront Opportunities – Welcome to
Shagos Bay, located on the desirable deep water south channel of Apollo Beach.
This completely renovated 3-bedroom, 2-bathroom home offers a rare blend of
elevation and deep-water access. No HOA!! Positioned approximately 12 feet
above sea level and never flooded, the home provides an added sense of
comfort and confidence—an uncommon feature for true waterfront property.
From the moment you arrive, the brand-new metal roof, fresh renovations, and
clean coastal aesthetic set the tone for a move-in-ready experience. Out back,
the Florida lifestyle truly begins. With over 65 feet of deep-water canal frontage,
facing west for spectacular sunset views, a newer dock, 10,000 lbs boat lift,
attached deck, and large backyard this property accommodates serious boating
enthusiasts. The canal depth allows for larger vessels, and you’ll enjoy quick
access out to Tampa Bay, putting fishing, island hopping, waterfront dining, and
sunset cruises right at your fingertips. A private heated pool with three cascading
sliders offers indoor-outdoor living space perfect for entertaining or a relaxing
afternoon. You’re approximately 30 minutes to Downtown Tampa, within reach of
USF, and positioned in one of the area’s most sought-after boating corridors.
Apollo Beach continues to evolve while maintaining its laid-back coastal
character, making this not just a home—but a long-term lifestyle investment. If
you’ve been waiting for deep water, elevation, renovations, and proximity to
Tampa Bay all in one property, this is the one. Recent updates include: brand
new garage door opener, brand new heavy gauge metal roof, pool heater (3
years old), heat pump high efficiency water heater (3 years old), newer lanai and
pool pavers (6 years old).
| |||
| Sep 10, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017