$3,075,000

Introducing COASTAL ELEGANCE AT SNUG HARBOR. Five Luxury Residences. Five Private Boat Slips available. One Irreplaceable Island Setting. Imagine waking up in your brand-new, exquisitely appointed coastal residence, stepping outside to your private boat slip in a protected harbor, and knowing that John's Pass, the Gulf beaches, boating, dining and entertainment are all just moments away. Now imagine knowing that only five people get to own here. Welcome to Coastal Elegance at Snug Harbor an ultra-exclusive collection of just five newly completed luxury island residences in Madeira Beach. These exceptional 2- and 3-bedroom residences provide rare open spaces, high end appliances, high ceilings, well appointed fixtures and finishes with expansive balconies ranging from approximately 1,750 to 3,700 square feet. These residences were thoughtfully designed and exceptionally constructed on a piece of coastal real estate that simply cannot be recreated. See the water. Feel the coastal breeze. Step aboard your boat. Walk to John's Pass. Each residence has available private boat slips, tucked safely inside a protected harbor just inside the spectacular John's Pass Bridge. And when you feel like venturing out, leave the car behind. Take a short walk to the 100+ shops, restaurants, bars and attractions surrounding the world-famous John's Pass Village & Boardwalk. ONE RESIDENCE. MULTIPLE WAYS TO ENJOY IT. Make it your Florida primary residence and potentially take advantage of Florida's valuable homestead benefits. Keep it as your private coastal escape where the boat is waiting whenever you arrive. Or take advantage of the rare flexibility of legal short-term rentals, creating the opportunity for rental income during periods when you're not enjoying the residence yourself. For qualified purchasers, the residences may also present compelling 1031 exchange, cost-segregation and current bonus-depreciation planning opportunities to discuss with your tax advisor. There are plenty of boring older condominiums along the coast. There are very few places where you can own brand-new construction, substantial living space, a private boat slip, short-term rental flexibility and a walkable John's Pass lifestyle in an intimate building shared by only five owners. And once these five residences are spoken for, there isn't another building here to sell. Come see what makes Coastal Elegance different. Schedule a private showing, walk the available 2- and 3-bedroom floorplans, experience the views and setting for yourself, and decide whether you should be one of the fortunate five. The offered price does NOT include a private boat slip. A slip can be purchased as an option for $200K if desired but is not required. Private Slips will be assigned as Residences are purchased in a first come first served basis. Community pool under construction under separate permit.