158 Royal Drive
About This Property
As you step inside, you'll immediately notice the abundance of natural light streaming in from the skylights, complemented by recessed lighting and ceiling fans that create a welcoming ambiance throughout the home. The recently renovated gourmet kitchen is a culinary enthusiast's dream, featuring top-of-the-line appliances, including a Wolfe double oven, Viking cooktop, Bosch dishwasher, convenient wine cooler, & granite counter-tops. MORE.. The living room exudes warmth with a wood-burning fireplace, and a sliding door leads to a backyard oasis complete with an in-ground pool. Two of the bedrooms offer private balconies with captivating water views, making them the perfect retreats for relaxation. The professionally landscaped yard further enhances the outdoor experience, creating a tranquil and serene environment.
Cherry Quay is renowned for its vibrant water community, surrounded by parks and recreational activities that cater to an active and social lifestyle. This waterfront home in Cherry Quay offers a unique opportunity to enjoy the best of coastal living in a beautifully appointed and well-maintained residence. Don't miss the chance to own this wonderful waterfront home!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by DeFelice Realty Group, LLC | $1,100,000 | |
| Listed by DeFelice Realty Group, LLC | |||
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Absolutely gorgeous waterfront home! If you're dreaming of a staycation, this is the house for you. Nestled in the beautiful Cherry Quay neighborhood, this custom home shows like new and offers everything you could wish for. Renovations throughout, including new flooring on all 3 levels. Featuring 5 spacious bedrooms and 4 full bathrooms, the home includes a finished third floor perfect for relaxing, exercising, or setting up a home office. The open floor plan on the first level includes a bedroom and bathroom, two car garage, and a custom chef's kitchen. The kitchen is a culinary dream with a Viking cooktop, double ovens, a wine cooler, and granite countertops. opens to the family room with woodburning fireplace and sliders to deck covered by retractable awning, deck, and inground pool. The second floor boasts 4 large bedrooms, 3 full bathrooms, and a convenient laundry room. The huge primary suite is a true retreat with its own balcony, vaulted ceilings, walk in closet, and an ensuite bathroom. This house has way too much to mention, 3 zone baseboard heat, 2 zone central air, central vacuum throughout house. Out back, you'll find a true waterfront delight. The property features a Vinyl bulkhead and Trex dock across the back, with a vinyl bulkhead extending down the side. Enjoy the large inground pool, complete with a newer liner, pump, filter, lights, heater, and Zodiac vacuum. New Roof and Gutters 2023. Cherry Quay boast a bay beach, playground and boat ramp for residences only who pay a very small annual fee. This home truly has it all. Don't miss your chance to make it yours!
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| Dec 7, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2023 | Listed by Keller Williams Shore Properties | $925,000 | |
| Listed by Keller Williams Shore Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017