1 Highwoods Road
About This Property
Step through the formal entry foyer into a thoughtfully designed, light-filled interior with a spacious floor plan and refined finishes throughout. Rich oak floors, custom crown and base moldings, and recessed lighting flow seamlessly from room to room, showcasing the home's superior craftsmanship. The formal living and dining rooms provide an elegant setting for gatherings, while the large family room with a wood-burning fireplace offers a warm and inviting space for daily living.
The professional-grade kitchen is both functional and striking, featuring Sub-Zero appliances, a double oven, granite countertops, custom cherry frameless cabinetry, Restoration Hardware fixtures, and sliding doors that open to a private backyard retreat.
Upstairs, the primary bedroom is thoughtfully designed for relaxation, offering a peaceful retreat at the end of the day. The beautifully renovated ensuite bath features elegant marble tile throughout, Restoration Hardware vanities and fixtures, and a spacious walk-in closet with cedar accents. Three additional bedrooms share a newly updated full bathroom, enhanced with marble finishes and a classic clawfoot bathtub.
The finished basement provides generous storage, including a large walk-in pantry and cedar closet. Andersen windows, a two-zone heating and cooling system, and an attached two-car garage add convenience and quality throughout.
The fully fenced backyard is a resort-style paradise, boasting a solar-heated saltwater inground pool with diving stone, outdoor shower, expansive IPE wood deck, custom paver patio, and a built-in BBQ system-perfect for entertaining. The professionally landscaped front yard is equally impressive and maintained by a full in-ground sprinkler system.
The home's outstanding curb appeal is further enhanced by updated Vinyl Perfection shake siding, offering both style and long-lasting durability.
Ideally located near beaches, parks, restaurants, shopping, and transportation-there is truly nothing to do but move in and enjoy the lifestyle this remarkable home provides.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017