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1306 W SMITH STREET
About This Property
The property offers more than 3,500 square feet of total living space, thoughtfully divided between a 3,200+ square-foot single-story main residence and a 300+ square-foot fully appointed pool house/guest suite.
The layout is one of the home's defining features. A luxurious and exceptionally private primary suite occupies one side of the residence, while a separate guest suite and three additional bedrooms are thoughtfully positioned on the opposite side. The result is a floor plan that feels expansive, balanced and exceptionally functional for both everyday living and entertaining. Soaring ceiling heights, dramatic ceiling treatments and generous interior proportions further distinguish the home and create a sense of volume rarely found in newer two-story construction.
Already impressive when built, the residence has since been substantially elevated by its current owners with a series of thoughtful, high-end improvements. A recently added resort-style pool and spa now anchor an extraordinary outdoor living environment, complemented by a fully appointed detached pool house/guest suite with its own full kitchen and bath. An outdoor kitchen, remote-controlled pool screens and an expanded lanai create a true four-season entertaining space that functions as a seamless extension of the home's already substantial interior living areas.
Additional upgrades include remote window treatments, premium TOTO bidet toilets, dual dishwashers, upgraded granite and numerous custom details that reflect a level of investment and finish well beyond typical newer construction.
Set on an oversized lot in highly desirable College Park, the property offers a combination that is exceptionally difficult to reproduce: newer construction, substantial single-story living, five bedrooms within a highly functional split plan, dramatic architectural volume, resort-style outdoor living and a fully equipped secondary structure.
This is a home that cannot be fully appreciated by square footage or photographs alone. The scale, flow and integration of the indoor and outdoor spaces create something genuinely distinctive. A rare opportunity to own one of College Park's most compelling newer residences.
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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%.
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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.
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.
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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017