1472 WATERFRONT RD
About This Property
Stunning Gulick Contemporary on the shores of Lake Newport in Reston. This remarkable waterfront property spans 4,874 SQFT across three levels and features 5 bedrooms and 4 full bathrooms, offering the perfect blend of luxury and tranquility. As you enter the dramatic two-story foyer, you'll be captivated by the craftsmanship and attention to detail throughout. The largest model, Milan, offers a rare Main Level spacious Guest Bedroom or Office with closet and Full Bath, beautiful hardwood flooring, and an expansive gourmet kitchen with a cathedral ceiling, granite countertops, wall oven, pantry, large island w/granite, stainless steel appliances, and the signature Gulick window design that provides sweeping views of the lake. The adjoining breakfast nook is perfect for enjoying your morning coffee with serene lake views too. The spacious family room invites relaxation with its cozy gas fireplace and access to the deck. The upper level includes 3 beds, 2 full baths, a den/office, and highlighted by your calming primary suite, featuring an adjoining sitting room and an en-suite bath with dual vanities, a soaking tub, and generous his-and-her walk-in closets. The fully finished lower level, with a convenient walk-out entrance, is ideal for entertaining, offering a large recreation room, wet bar, a fourth bedroom, a full bath, and ample storage. Step outside to your private backyard oasis, perfect for hosting barbecues and enjoying the picturesque waterfront setting. Conveniently located just minutes from North Point Village Center, Wiehle East Metro, Dulles Toll Road, shopping, restaurants, and Reston Town Center, this home is a nature lover's dream, with scenic Lake Newport and its trails just steps away. Recent updates include: Windows replaced with Marvin Ultimate (2022), Marvin Ultimate sliding glass doors in the living room and basement (2022), primary and upstairs bath cabinets/counters updated (2021), Basement bath cabinets/counters updated (2021), Tesla charger with 60 amp sub panel installed (2022), new driveway apron (2022), new roof (2024), new carpet on stairs (2024), annual HVAC servicing (2022-2024). Don't miss this rare opportunity to enjoy the ultimate lifestyle by the lake!
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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 Reston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017