131 Hutton Cove #LOT71
About This Property
From the foyer, the plan opens into the kitchen and dining area, with the living room positioned alongside them as a distinct but connected gathering space. The kitchen centers around a white oak island and features stacked cabinetry, a custom white oak vent hood, herringbone-pattern backsplash and an upgraded appliance package with a dual-fuel range, built-in refrigerator, microwave drawer and dishwasher. A dedicated pantry adds storage, while a beverage center and nugget ice maker provide additional convenience for entertaining.
The living room is anchored by a gas fireplace with a Dekton surround, while a 12-foot bronze slider creates the primary transition to the rear porch. Extended to approximately 12'8'' x 14', the screened porch includes an outdoor kitchen with built-in grill and cabinetry, along with a 42-inch gas fireplace finished in brick with a weathered barnwood mantel. Four additional windows along the porch enclosure bring in natural light while maintaining a comfortable connection to the wooded backyard. The home is also pre-plumbed for a future pool.
Positioned at the rear of the home, the primary suite opens directly to the outdoor living area through double doors. The primary bath features a freestanding tub with floor-mounted hand shower, separate shower with handheld fixture and upgraded stone and marble finishes, while the oversized walk-in closet includes a full-length mirror. Three additional bedrooms are arranged throughout the home, each with its own bath and walk-in closet.
Wide-plank engineered wood flooring and upgraded interior doors carry throughout the home, with crown molding extending into the bedrooms and additional lap-and-gap detailing along the hallway to the kitchen. The laundry room includes a sink, upper cabinetry above the washer and dryer, and additional upper and lower storage. The three-car garage is finished with epoxy flooring and includes a utility sink and wiring for a future EV charger. Additional features include a dehumidifier, generator prewire, water filtration/softener pre-plumbing and impact-rated windows and doors.
Located within the Preserve Collection at Watersound Origins®, AV 71 combines a deeper homesite, wooded privacy and substantial indoor-outdoor upgrades with access to Origins Golf Course , Village Commons, community amenities and miles of walking and biking trails.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2026 | Price Increased |
$1,641,215
↑ $5K
(0.3%) | |
| Price Increased | |||
| Sep 1, 2026 | Listed by Watersound Real Estate | $1,636,365 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017