20 Porter Way #LOT67
About This Property
The home's open layout creates a natural connection between the kitchen, dining area, and great room, where a fireplace serves as a welcoming focal point for everyday living and entertaining. A 16-foot sliding glass door extends the living space to the covered rear lanai, creating a seamless indoor-outdoor transition.
Designed with both function and style in mind, the kitchen features an expanded center island with additional storage cabinetry, quartz countertops that continue seamlessly into a full-height quartz backsplash, custom wood cabinetry extending to the ceiling with illuminated glass display cabinets, and a contrasting specialty-colored island that adds visual interest. A dedicated beverage station with an under-counter wine cooler, additional cabinetry, and extended countertop space provides added convenience for entertaining. The premium stainless steel appliance package includes a gas range, vent hood, microwave drawer, refrigerator, and dishwasher.
The privately situated primary suite offers a generous walk-in closet and a well-appointed bath, while three additional bedrooms--including a flexible fourth bedroom ideal as a study or guest suite--provide comfortable accommodations for family and visitors.
Throughout the home, 10-foot ceilings, 8-foot solid-core raised-panel interior doors, luxury vinyl plank flooring in the main living areas, and tile in all bathrooms create a refined yet comfortable living environment.
Outdoor living is designed for year-round enjoyment. The covered lanai is preconfigured with a complete outdoor kitchen featuring weather-resistant NatureKast cabinetry, a Coyote natural gas grill with vent hood, and matching countertops, all overlooking a privately fenced backyard with landscape buffering. Integrated audio speakers in both the great room and lanai, along with prewiring for wireless access points and exterior security cameras, provide modern convenience while supporting today's connected lifestyle.
Located within Watersound Origins, homeowners enjoy convenient access to Watersound Town Center, Origins Golf Course, and Village Commons, featuring a resort-style pool, fitness center, tennis and pickleball courts, sand volleyball court, miles of walking and biking trails, and pedestrian trail access to Lake Powell for kayaking and paddle boarding.
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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%.
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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.
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 |
|---|---|---|---|
| May 8, 2026 | Price Increased |
$1,104,005
↑ $40K
(3.7%) | |
| Price Increased | |||
| Apr 30, 2026 | Price Decreased |
$1,064,505
↓ $40K
(3.6%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Watersound Real Estate | $1,104,005 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017