184 OLD BIGHT COURT
About This Property
Welcome to a truly exceptional home nestled in the desirable, water-privileged neighborhood of Withernsea. Offering contemporary style and peaceful privacy, this renovated residence is located on the private end of a cul-de-sac on a large, flat lot.
Step inside and be greeted by the dramatic elegance of the central natural slate atrium with a koi pond, visible through a stunning wall of glass windows. The house showcases two gas fireplaces, refinished hardwood throughout the entire house, wall to wall heated floors on the main level, and soars with vaulted ceilings in the living room and bedrooms, lending an airy and open feel to the entire space.
The home provides sophisticated storage solutions, including custom, built-in bookshelves on both levels, a huge walk-in pantry, a spacious walk-in closet in the primary suite, and a specialized cedar closet. You'll find plenty of storage space overall, including both an attic and a separate storage room.
The second floor bedrooms both offer their own private balconies, overlooking the expansive backyard and nature preserve. The upstairs bathroom is a true sanctuary, featuring a luxurious spa tub.
Outdoor entertaining is a breeze on the wraparound deck, which provides seamless flow from the indoor kitchen and living space. The property also includes a 2-car side-load garage.
Adding to this property's incredible value is a fantastic additional detached office space with its own deck! This versatile structure is perfect for today's lifestyle, whether you need a private, quiet place for working from home, a dedicated studio for hobbies, or a fun-filled space for a playroom. It provides a quiet separation from the main house for maximum productivity and enjoyment.
Living in Withernsea means enjoying an exceptional community lifestyle with a low HOA that still provides many community events and a private dock with water access.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017