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Overview

5 bd6 ba4,641 sqft5 car garageSingle Family
TypeSingle Family
HOANone listed
Built1994
Lot12,645 sqft
Living area4,641 sqft
Price / sqft$1,076
Garage5 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Cathedral Ceiling(s)Ceiling Fans(s)Crown MoldingEat-in KitchenElevatorHigh CeilingsKitchen/Family Room ComboLiving Room/Dining Room Combo

5408 Pali Way is a 1994-built home in Brightwater Beach Estates, St Pete Beach. Inside you'll find 5 bedrooms, 6 bathrooms, and 4,641 square feet of living space. Listed at $4,995,000 (about $1,076/sqft), 194 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Welcome to paradise in this custom coastal modern masterpiece, where refined elegance meets effortless waterfront living. This exceptional residence offers five spacious bedrooms, a private office, and five-and-a-half luxurious baths, all thoughtfully designed beneath soaring custom ceilings with striking exposed trusses and timeless shiplap accents throughout the home. Appointed with engineered hardwood flooring, quartz countertops, and top-tier upgraded appliances, 6 burner Wolf gas stovetop, Sub-Zero refrigerator with custom door cover panels and a Sub-Zero wine cooler, with 2 refrigerator drawers, a 2 drawer Fisher & Paykel dishwasher, this gourmet kitchen is complemented with a 5 seat island bar with a formal dining space for twelve guests, and a well-appointed butler’s pantry. The open-concept floor plan showcases the home sits at a perfect angle for the breathtaking views of Boca Ciega Bay’s shimmering deep waters, seamlessly blending indoor and outdoor living. Step outside to your private tropical retreat, featuring a beautiful salt water pool with an additional 4 seats and a sun shelf (new pool tiles 2024) a separate large spa, and inviting fireplace—perfect for entertaining or relaxing in style. The home has an elevator for easy in and out access. The water filtration system is for the Entire home and is even plumbed for the outside hose bibs for spotless car and boat washes. Additional highlights include a five-car garage with 2 tandem parking spaces and ample storage opportunities, a new roof (2022), renovations completed in 2023/2024, and a new 121' seawall (2024). Ideally situated in one of St. Pete Beach’s most coveted locations, this extraordinary property presents a rare opportunity to own a fully realized modern coastal dream. Furnishings are available for purchase. Please look at the interactive floor plan under Virtual Tour 1, it gives great directional views.

The essentials

Built
1994
Price / sqft
$1,076
On market
194 days
Annual tax
$31,796
Flood zone
AE
Lot
12,645 sqft
Type
Single Family Residence

At a glance

Single family
3 stories · 1994
Waterfront
Bay/Harbor
Private pool
In Ground
5 car garage
Driveway
0.29 acres
Lot size

Payment

Est. monthly payment
$31,198/mo
Down payment (20%)
$999,000
Property taxes
$2,650/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1994
Lot
12,645 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Driveway, Garage Door Opener, Garage Faces Side, Ground Level, Tandem
Pool
In Ground, Other, Salt Water
Waterfront
Bay/Harbor, Intracoastal Waterway
Days on Market
194
Cathedral Ceiling(s)
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Elevator
High Ceilings
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Open Floorplan
Primarybedroom Upstairs
Solid Surface Counters
Solid Wood Cabinets
Thermostat
Vaulted Ceiling(s)
Walk-in Closet(s)
Wet Bar
Window Treatments
Balcony
Lighting
Sprinkler Metered
Street Lights
Built-in Oven
Dishwasher
Disposal
Dryer
Exhaust Fan
Ice Maker
Microwave
Range Hood
Refrigerator
Tankless Water Heater
Washer
Water Filtration System
Water Softener
Wine Refrigerator
Elementary
Azalea Elementary-PN
Middle
Azalea Middle-PN
High
Boca Ciega High-PN

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone AE
Annual Tax (2025)
$31,796
Parcel #
06-32-16-11412-003-0030

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Brightwater Beach Estates
County
Pinellas
MLS Area
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Lot Size
12,645 sqft
CoastalConstruction Control LineCul-De-SacFlood Insurance RequiredFloodZoneCity LimitsPaved

Price history

Date
Event
Price
8/27/2026
Price change
Source: Stellar MLS #TB8495421
$4,995,000-5.7%
$1,076/sqft
4/1/2026
Listed for sale
Source: Stellar MLS #TB8495421
$5,299,000
$1,142/sqft

Neighborhood

5408 Pali Way
St Pete Beach, FL, 33706 · 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl

Market insights

Offer Insights

Choose an offer strength

List price: $4,995,000
$4.85M – $5.00M
97% – 100% of listTops out right at the list price
80% of listList price
80 of the last 158 home closings in 33706 landed at this number or higher (51%). The median one sat 67 days before it went under contract, and this one is on day 194 after a $304,000 cut.

Sample: 158 closed home sales in 33706 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$31,198/mo
Principal & interest$26,051
Property taxes$2,650
Insurance$2,498
Down payment20% · $999,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$4,995,000

$1,076 per sq ft

Beds and baths

5 beds, 6 baths

Size

4,641 sq ft

Time on market

194 days

Year built

1994

Monthly payment

About $31,198/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $31,796 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byREALTY ONE GROUP INNOVATIONListing agent: Beth HanniganListing data from Stellar MLS, MLS# TB8495421.

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