16825 Matisse Drive
About This Property
2nd floor has 5 expanded en-suite bedrooms w/ walk-in closets. master bedroom has private sitting area with his/her lavish bathrooms & walk in closets. Extras include summer kitchen, putting green, pergola w/ fire pit, steam shower, retractable doors w/ motorized privacy screens, spiral staircase from master balcony.
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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.
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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 9, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | Listed by John P. O'Grady LLC | $4,790,000 | |
| Listed by John P. O'Grady LLC | |||
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This Special Expanded Vanderbilt Grande model is Lakefront, on a 3/4 Acre 'double' lot!! Offering 6 bedrooms, plus loft, office, media room, 8 full & 2 half baths, 2 laundry rooms, 5 car garage, the estate style home totals 11,567 sq ft (8,017 under air) surrounded by wide lake views and lush, treed, mature and newly planted garden vistas. Retreat outdoors with all the comforts of home using telescoping impact doorwalls off living room, to exterior dining space & summer kitchen. Optional motorized privacy screens compliment the space. Enjoy fabulous sunsets from sprawling patio & balconies, salt water pool & spa with heater/chiller, private putting green, fenced green space for playground or dog run.
Home Upgraded throughout. Indoor elevator. Home generator. Water filtration. EV charger Whole home water filtration.
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| Apr 18, 2023 | Sold | ||
| Sold | |||
| Nov 10, 2022 | Listed by Douglas Elliman | $4,495,000 | |
| Listed by Douglas Elliman | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017