46
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159 Magnolia Boulevard
About This Property
This magnificent Center Hall Colonial exudes classic elegance and old-world charm, ideally located 400 Feet to the beach on a 10,000 sq foot Corner Lot South East Facing . Enjoy ocean views from the spacious primary suite in this impressive 5-bedroom, 4.5-bath residence offering over 4,000 square feet of living space, plus a huge Unfinished Basement with Endless Potential for Additional Living or Recreational Space with its own Outside Street Entrance .
A Grand Foyer Welcomes you into a home filled with Sunlight and Character, featuring custom oak flooring, beautiful stained-glass accents, and exceptional craftsmanship throughout. The Chef's Eat in Kitchen is appointed with granite countertops and high-end appliances, perfect for everyday living and entertaining.
Separate guest quarters provide flexibility for extended family, a nanny, or a private home office. Additional highlights include a two-car garage, a four-car driveway, and generous living and entertaining areas.
Conveniently .4 miles to Long Island Rail Road, providing approximately a 45-minute commute to New York City, and within close proximity to houses of worship, shopping, dining, and all the amenities the area has to offer.
A rare opportunity to own a truly exceptional coastal home-this property must be seen to be fully appreciated.
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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 3, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by Coldwell Banker American Homes | $2,295,000 | |
| Listed by Coldwell Banker American Homes | |||
| Jun 18, 2021 | Sold | ||
| Sold | |||
| Apr 14, 2021 | In contract | - | |
| In contract | |||
| Mar 26, 2021 | Price Decreased |
$1,599,000
↓ $101K
(5.9%) | |
| Price Decreased | |||
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About Central District
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017