1104 Terraces Lane
About This Property
Welcome to your dream coastal home-where style, space, and serenity come together in perfect harmony. With 3,221 square feet of beautifully designed living space, this 5-bedroom, 3.5-bathroom home is an entertainer's paradise and a sanctuary for everyday living...... This home boasts an open Concept Floor Plan with abundant natural light, perfect for family living and entertaining! Formal Dining Room with elegant coffered ceiling-ideal for hosting unforgettable dinners.
Gourmet Kitchen boasting a large island and peninsula with bar seating, perfect for morning coffee or casual dining. Also featuring a gas stove, that is ideal for the at home chef! Not to mention an abundance of storage space and DOUBLE pantry, for all of your cooking and storage needs!
Double Master Layout:
Downstairs Master Suite - perfect as an in-law suite or private guest retreat.
Grand Master Upstairs - featuring tray ceilings, an expansive sitting area, his & hers walk-in closets, and a luxurious double vanity.
Private Backyard Oasis - backs to serene, undevelopable woods offering complete privacy and tranquility.
đď¸ Lifestyle Perks:
Access to miles of scenic walking trails just steps from your backyard.
Walkable to top-rated restaurants, shops, entertainment, and more! ***soon to come is the ''multi use pathway'' and it starts at YOUR neighborhood! And will travel all the way to the Surf City Bridge***
Located in a vibrant neighborhood with a resort-style pool, outdoor clubhouse, picnic areas, and a grilling center-the perfect place to relax or celebrate with friends and family.
This is more than a home-it's a lifestyle upgrade in one of the most desirable coastal communities. Don't miss this rare opportunity!
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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