109 BAYSIDE DRIVE
About This Property
The waterfront setting is equally impressive. Enjoy peaceful, expansive water views from the home, covered rear porch and outdoor living spaces before stepping down through the beautifully landscaped and fenced rear yard to your private pier. The pier has been extensively renewed with Trex decking and is complemented by a 12,000-lb boat lift and seller-reported deep water capable of accommodating substantial watercraft. The protected setting provides calm water at the property while keeping boating, fishing, kayaking, paddleboarding, and waterfront entertaining right outside your door. Another uncommon waterfront advantage: the seller reports that flood insurance is not currently required for the dwelling.
Inside, the craftsmanship becomes even more apparent. Rich cherry hardwood floors, cherry staircases and handrails, oversized interior doors with transoms, pocket doors, custom built-ins, window seating, extensive trim and architectural detailing distinguish the home from today's typical construction. Andersen windows and doors frame the water views and fill the living spaces with natural light, while the family room features a fireplace surrounded by custom cabinetry. The generous layout provides formal and informal gathering spaces and was thoughtfully designed for both everyday living and large-scale entertaining.
At the center of the home is an impressive gourmet kitchen featuring Medallion cabinetry, granite countertops, a Wolf cooktop, Sub-Zero refrigeration, double wall ovens, warming drawer, built-in wine refrigerator, and microwave drawer. The kitchen opens into substantial dining and entertaining spaces overlooking the water, creating a natural flow from indoor living to the waterfront decks and covered porch.
A private residential elevator services all levels and provides convenient access to the bedroom level and primary-suite area. Four bedrooms and 3.5 baths provide substantial accommodations, including beautifully appointed baths and a spa-inspired tiled shower. The finished lower level adds flexible living, office or recreation space with a full bath, while the integral two-car garage is finished and temperature-controlled.
The upgrades extend far beyond what is immediately visible: spray-foam insulation throughout, whole-house surround sound with integrated speakers and controls, central vacuum, zoned HVAC, irrigation, landscape and accent lighting, and numerous carefully selected construction details throughout. The exterior has been recently repainted and caulked, the decks have been professionally cleaned, sanded, and refinished, the hot-water equipment has been updated, and a new roof is part of the property's extensive pre-market preparation.
Rarely does a waterfront property combine this level of construction quality, boating capability, privacy, luxury appointments, and thoughtful design. 109 Bayside Drive offers the waterfront lifestyle buyers search for, with a level of craftsmanship and refinement that must be experienced in person to fully appreciate.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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About Dundalk
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017