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3 Beds
2 Baths
1,875 sqft

$1,338,000

985 Cape San Blas Rd, Cape San Blas FL

Price per sqft$713.60
Built in2004
Property size1,875 sqft
Property typeResidential

Overview

Active

Listed Sep 6, 2026

Updated 30h ago

Rare St. Joseph Bayfront waterfront home on Cape San Blas offering over an acre, approximately 80 feet of Bay shoreline, a private dock, a heated pool with chiller, and deeded beach access just a short walk away. Enjoy panoramic Bay views and the unique opportunity to experience both the pristine waters of St. Joseph Bay and the Gulf beaches of Cape San Blas. This thoughtfully appointed single-level home features two bedrooms plus an office/bunkroom and two baths, with an open floor plan designed to showcase its waterfront setting. At the heart of the home, the well-appointed kitchen features maple cabinetry, granite countertops, stainless steel appliances, a separate oven, and a cooktop. Custom woodwork throughout adds warmth and character, while walls of windows fill the living spaces with natural light and frame sweeping views of St. Joseph Bay. The spacious great room flows effortlessly into the dining area and screened porch, creating inviting spaces for entertaining or simply enjoying coastal breezes and spectacular Cape San Blas sunsets. The Bayfront primary suite provides a private retreat with double vanities, two walk-in closets, a walk-in shower, and a bright, sun-filled primary bath. Outdoor living takes center stage with a Bayfront heated pool with chiller, outdoor shower, expansive grounds, and private dock. Launch a kayak or paddleboard directly into St. Joseph Bay, spend the day fishing or exploring the water, or make the short walk to the deeded Gulf beach access. Mature palms, palmettos, pines, and coastal vegetation enhance the property's privacy and relaxed Old Florida setting. An elevator and attached 4-car+ garage with three garage doors add convenience and versatility. One garage door opens directly to the back patio, and the oversized garage provides generous space for vehicles, kayaks, paddleboards, beach gear, and recreational equipment. Adding to its appeal, the property is an established short-term vacation rental generating approximately $90,000 in rental revenue, exclusive of cleaning fees and applicable taxes. Its combination of direct Bayfront access, private dock, heated pool, deeded beach access, acreage, elevator, oversized garage, and proven rental history creates a distinctive opportunity as a second home, vacation rental, or investment property on Cape San Blas.

$8,902/mo

Est. mortgage payment based on a $1,338,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
329446

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.46 Acres

Other Property Details

Garage
Yes
View
Yes
Furnished
Yes
Pool
Yes
Waterfront
Yes
MLS provider logo

Courtesy of Michelle Massingill with Going Coastal
Listing Contact: 404-931-7129 

Based on information from the Forgotten Coast REALTOR® Association as of 10/19/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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Data last updated 3:17 AM UTC, 10/19/2026

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