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.