109 MARSHALL CREEK Drive
About This Property
Designed for year-round indoor/outdoor living and entertaining, a sliding glass wall opens off of the family room to a covered screened lanai complete with/ a summer kitchen & saltwater pool & spa with travertine decking. The spacious fenced backyard is bordered by towering oaks, offering plenty of privacy & sweeping golf course views from the second story.
This well-thought-out floor plan offers four bedrooms, a study & a flex space downstairs with an additional bonus room & full bathroom upstairs.
A stunning arched barrel foyer leads into the family room, highlighted by a gas fireplace flanked by built-in bookcases.
The chef's kitchen boasts stacked cabinetry, quartz countertops, a wood hood, and a 10' island breakfast bar. (CONTINUED) Outfitted with a six-burner La Cornue gas range, a paneled Sub-zero refrigerator, a built-in ice maker & a stunning walk-in pantry, this kitchen is ideal for cooking and hosting.
Elevated finishes are found around every corner, like designer lighting, 8' solid core doors, continuous engineered hardwood flooring, decorative millwork, smooth walls & ceilings & custom closets, to name only a few. Built for an interior designer, several of the rooms have been featured on online for both Architectural Digest & My Domaine.
Glass doors lead into a striking study with dark paneled walls, built-in bookcases & an eye-catching wallpapered ceiling.
The walk-in laundry room offers upper and lower cabinetry, a folding counter & a soaking sink. A built-in drop zone leads back to the climate controlled 3-car garage, complete with a golf simulator, a water softener, and a well for irrigation.
Located in the sought-after gated community of Palencia, offering access to world-class amenities, an A-rated Elementary school & a championship Arthur Hills designed golf course. Residents enjoy a fitness center, three community pools, lighted clay tennis courts, pickleball, sports fields, fitness trails, and a boardwalk leading to the Intracoastal.
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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