197 Delaware Avenue
About This Property
Seize this rare opportunity to create a one-of-a-kind luxury residence in the heart of Oakhurst. With APPROVED architectural and engineering plans, you can begin building an approx. 5,200 sq. ft. home featuring a double story foyer, 6 generously sized bedrooms, 6 full bathrooms, a stunning 15 'by 20' pool, and an outdoor pergola designed for ultimate comfort and sophistication. Plans include fully finished basement with incredible space, including a playroom, study, storage room, laundry room, and an additional bathroom. This exceptional property provides the perfect canvas to bring your vision to life.
Plans attached. Don't miss this incredible chance to build your dream 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 |
|---|---|---|---|
| Jul 7, 2025 | Listed | $2,950,000 | |
| Listed | |||
| | |||
|
SPECIAL - PRE-CONSTRUCTION PRICE ---New Magnficent Luxury Home Coming To Oakhurst !!!
FEATURING INTERIOR DESIGNER :
SUSAN STRAUSS
Grand Two Story Entrance, Floor To Ceiling Windows, Huge Dining Room ( Great For Entertaining), Full Bathroom on First Floor, Gourmet Kitchen With Center Island, Living Room With Views of Backyard, Inground Pool with Sitting Area. Total Bedrooms = 8 ( 4 Bedrooms on 2nd Floor, 2 Bedrooms on 3rd Floor, PLUS BONUS 2 Bedrooms in Basement)
Near Houses of Worship, Park, Schools, Beaches, Shopping & More.
**All Finishes Can be Chosen By Buyer.(Inquire for timing)
This Is A New Luxury Construction Home To Be Ready Summer 2026
| |||
| May 2, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Feb 17, 2025 | Listed by Cathy Ades Real Estate LLC | $879,000 | |
| Listed by Cathy Ades Real Estate LLC | |||
| Nov 7, 2023 | Sold | ||
| Sold | |||
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22504409
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017