131 N RIVER Drive
About This Property
Double glass entry doors lead inside to an open floor plan complete with 4 bedrooms, 6 baths, an open study, a loft bonus room & a game room.
Ideal for entertaining, the stunning chef's kitchen boasts an island breakfast bar, 5 burner gas cooktop, double ovens, granite countertops & solid wood white shaker cabinetry w/ drawer banks beneath. A pass through butler's pantry connects to & a spacious walk-in pantry with wood shelving & space for a spare refrigerator.
Luxury finishes run throughout like 8' doors, smooth walls, crown molding, tray ceilings with beams, plantation shutters, hardwood flooring & surround sound, to name a few. Doors open off of the master, living & dining spaces to a covered screened lanai complete with a full cabana bath.
The spacious master suite offers private wooded views, a tray ceiling & a built-in cabinetry. The master bath is truly spa-like with travertine flooring, split vanities, a walk-in shower, soaking tub & a spacious walk-in closet with custom wood shelving.
The walk-in laundry room is complete with upper & lower cabinetry as well as hanging space & can be accessed through the hallway as well as the master. There's ample storage space throughout with a total of 5 secondary closets.
A stunning wrought iron staircase leads to a second floor where you'll find 2 expansive bonus spaces & 3 additional spacious bedrooms, each with en-suite baths & walk-in closets.
The eye-catching exterior is complete with stacked stone, a paver lined driveway & a hidden rear entry 3 car garage. Located on a wide 3/4 acre lot there's plenty of room for parking & space to add a pool. Nearly new & meticulously maintained this home is truly a rare find.
Located within the gates of Palencia you have access to world-class amenities as well as everyday conveniences like a grocery store, Starbucks & an A-rated elementary school. Residents enjoy a fitness center with on-site childcare, 3 community pools, lighted clay tennis courts, sports fields, fitness trails, a boardwalk leading to the intracoastal & a championship Arthur Hills designed golf course. This home is one you won't want to miss! (Video Tour included)
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017