700 Island Retreat Road unit: 138 138 Welcome to a rare opportunity to own a luxurious 4-bedroom, 3-bath penthouse in the legendary Island Retreat-where sophistication meets coastal serenity. Perched at the top with unparalleled, unobstructed views of the Gulf, this residence offers the pinnacle of beachfront living. Step onto the expansive private balcony, a true showstopper, perfect for elegant entertaining or quiet moments with the sound of the waves and breathtaking sunrises. Inside, the open-concept layout seamlessly integrates Gulf views into daily life, with sightlines from the gourmet kitchen, refined dining space, and elegant living area. The primary suite is a sanctuary of style and comfort, featuring direct balcony access through floor-to-ceiling sliding glass doors, allowing the natural beauty of the coast to greet you each morning. The living room exudes warmth and sophistication with a cozy, working fireplace and built-in cabinetry that adds both function and flair. Guests will enjoy the privacy of a second en-suite bedroom, while two additional spacious bedrooms share a beautifully appointed hall bath. A private elevator, serving only two penthouses, ensures discretion and ease of access. Located just steps from the boardwalk, your toes can be in the sand within minutes. Resort-style amenities include a multi-sport court for tennis, pickleball, and basketball, a large pool with cabana, outdoor picnic and BBQ areas, a children's playground, and beautifully maintained grounds. Currently enrolled in a successful short-term rental program, this penthouse is ideal as a luxury coastal retreat, income-generating property, or both.