1102 SPY GLASS DR
About This Property
This home is truly a rare gem, as it's one of only six waterfront homes on the street, complete with a private, deep-water dock that grants convenient boat access to several waterfront restaurants, numerous marinas and the majestic Chesapeake Bay.
The first floor of this luxurious abode boasts a welcoming kitchen with a granite countertop island, top-of-the-line stainless steel appliances and ample cabinet space. Connected to one side of the kitchen is a bright and airy breakfast room, with skylights that usher in natural light and provide access to an expansive deck perfect for entertaining or simply relaxing amidst lush gardens.
The first floor also features a family room with soaring cathedral ceilings and a sumptuous owner's suite complete with an en-suite bathroom boasting a spacious vanity area, a jetted tub and a separate walk-in shower. The piece de resistance of the owner's suite are the sweeping windows that showcase breathtaking views of the water and verdant gardens.
On the second floor, you'll find two bedrooms connected by a Jack and Jill bathroom as well as a third bedroom that could easily be used as a second owner's suite, complete with a full bath and a walk-in closet.
If you're seeking even more living space, retreat to the lower level where over 1600 square feet of living space awaits. The lower level boasts a cozy family room with an inviting fireplace, a spacious bedroom, a large full bathroom, a den with a cedar closet and even a utility room that's perfect for storing kayaks, paddle boards and other water toys.
As an added bonus, all windows, the roof and skylights were replaced in 2020, and the kitchen, bathrooms and flooring were redone in 2022. The whole house was also painted in 2023. Other features include a whole house generator, irrigation system, radon mitigation system, and dual zones HVAC systems. With a large dock and boat lift boasting an estimated 4 feet of MLW, this property truly has it all. See seller disclosures for bylaws and additional information about the home, and don't hesitate to reach out for a private tour. This is waterfront living at its finest!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | In contract | - | |
| In contract | |||
| Jan 23, 2024 | Price Decreased |
$2,399,000
↓ $100K
(4%) | |
| Price Decreased | |||
| Dec 13, 2023 | Price Decreased |
$2,499,000
↓ $101K
(3.9%) | |
| Price Decreased | |||
| Oct 3, 2023 | Price Decreased |
$2,600,000
↓ $100K
(3.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017