1607 Bay ROAD
About This Property
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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 |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Price Decreased |
$2,749,000
↓ $150K
(5.2%) | |
| Price Decreased | |||
| Feb 23, 2024 | Listed by RE/MAX ALLIANCE GROUP | $2,899,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| | |||
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WEST INDIES STUNNING CUSTOM POOL HOME WEST OF THE TRAIL! Introducing an exquisite, just completed (2024) residence that epitomizes luxury living at its finest. BUILT TO THE HIGHEST STANDARDS INCLUDING ALL HURRICANE IMPACT WINDOWS AND DOORS. This professionally designed 4 bedroom 4.5 bathroom home boasts amazing architecture, gorgeous metal roof, a charming half-circle driveway with a three-car garage, all framed by immaculate landscaping and artificial turf highlights for effortless curb appeal. Step inside and be greeted by the timeless elegance of wood floors throughout, complemented by an inviting electric fireplace adorned with shiplap accents. The spacious great room layout is accentuated by expansive sliding doors, allowing for seamless indoor-outdoor transitions and flooding the home with natural light. The floor plan is just what buyers are looking for....open design, split bedrooms with the master downstairs and multiple living areas! The master suite is a true sanctuary, offering a private escape with double walk-in closets featuring custom closet systems, transom lighting, and sliders leading to outdoor tranquility. The ensuite master bath is a haven of relaxation, featuring exquisite flooring, double vanities, large walk-in showers, and a luxurious soaking tub. Every detail of this home exudes quality craftsmanship, from the solid wood doors to the crown molding and large baseboards that adorn each room. The chef-inspired kitchen is a culinary masterpiece, featuring a massive island with quartz countertops, pendant lighting, wood cabinets with crown molding, double ovens, a stunning hood, and a herringbone tile backsplash. A butler's pantry with a microwave, wine refrigerator, and sink adds convenience, while the adjacent laundry room offers practicality with a sink and cabinets. Upstairs, you'll find three additional bedrooms, two baths, and a versatile bonus room, providing ample space for guests or relaxation. Outside, the tropical paradise continues with a travertine pool deck, a spacious covered patio, and a huge oversized pool surrounded by lush landscaping and a fence around the property, creating a private retreat for outdoor enjoyment. Additional full pool bath adds to this well thought out floor plan! This exceptional home offers the perfect blend of luxury, comfort, and style, providing a truly unparalleled living experience. Everything about this location is ideal...A rated school district! Minutes to shopping and restaurants! Minutes to the Siesta Key beaches! Around the corner from Red Rock Park and the highly desired Field Club! YOU SIMPLY WILL NOT FIND A BRAND NEW HOME WEST OF THE TRAIL WITH ALL OF THESE AMENITIES AT A BETTER PRICE!!! Come and experience the epitome of sophistication in this remarkable West Indies-style masterpiece!
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| Jun 4, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017