Property Details for 516 Spinnaker Drive

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  Status
  For Sale
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  Living Area
  4,483 Sq. Ft.
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  Bedrooms
  5
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  Bathrooms
  4 Full / 2 Half
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  Garage
  3.00 / Y
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  Built
  2006
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  Type
  Single Family

Whether youre searching for your own piece of paradise for your family or the perfect investment property, this stunning coastal retreat checks every box. Investors, take note—this home boasts an excellent gross CAP rate, making it an exceptional opportunity for short-term rental income. Experience this breathtaking three-story residence just two homes away from Tigertail Beach. Perfectly positioned with sought-after southwestern exposure, it offers sweeping Gulf views from both the third-floor balcony and the fourth-floor eagle’s nest. Nestled among serene mangroves, the home provides ultimate privacy while keeping you just moments from the sand and surf. Inside, you’ll find a spacious estate designed for both comfort and entertainment. An elevator connects all three levels, making access a breeze. The second floor is the heart of the home, where indoor-outdoor living takes center stage. Step out onto the screened lanai featuring a second-story pool, a covered alfresco dining area, and jaw-dropping sunset views. At night take advantage of your first floor, nearly 1900 sqft, recreational room with multiple TVs, a pool/ping-pong table, foosball, shuffleboard, and fitness equipment including a BowFlex and Zero Runner. The chef’s kitchen is a dream, equipped with granite countertops, stainless steel appliances, and a commercial-sized refrigerator and freezer. Soaring ceilings, crown molding, and natural light enhance the open layout throughout. The private primary suite includes a cozy den, while the third floor offers additional living space and a balcony for relaxing or entertaining. Additional highlights include a grand foyer, French doors, walk-in closets, a breakfast nook, and a three-car attached garage. The home comes turnkey and move-in ready, complete with two washers and two dryers for ultimate convenience. Whether you envision a luxurious full-time residence, a spacious family getaway, or a high-performing investment property, this exceptional coastal estate delivers. Schedule your private tour today and see why this opportunity won’t last.