168 chapel st

Exceptional new construction offering panoramic canal views and positioned on a weekly rental street with strong income potential. This elevated three-level residence features 5 bedrooms and 7 bathrooms and is thoughtfully designed to accommodate up to 20 guests, making it one of the few homes of its kind on the island. The home offers a short walk to the beach, canal access, and an oversized lot, blending luxury coastal living with flexibility for use as a primary residence, second home, or short-term rental. Outdoor living is maximized with a private pool and spa, an expansive rear deck capturing canal breezes, a garage-level tiki bar, and a rooftop deck with sweeping sunrise-to-sunset views. Inside, the open-concept layout features custom furnishings, designer coastal finishes, and a spacious great room ideal for entertaining. The gourmet kitchen includes ample bar seating and flows seamlessly into a large dining area. The main living level offers a built-in bunk room with en-suite bath, while the upper level features four king bedrooms, each with its own private bathroom, providing comfort and privacy for guests. For buyers under contract early, there is potential flexibility to create a main-floor primary suite. Offered fully furnished and rental ready, including furnishings, games, golf cart, ice machine, and more. With strong rental performance in comparable markets, and potential 1031 exchange. This property represents a rare opportunity to own a high-performing island home with exceptional lifestyle appeal.