2070 Gordon Drive
About This Property
The architectural elements in this home with 4,332 square feet under air speak to its traditional elegance: quality finishes and hardware, beautifully turned woodwork and trims, and solid-core doors throughout, all bathed in a color palette chosen to reflect sea, sand and sunlight. It begins with a dramatic staircase that draws the eye from the circular drive, into the grand foyer. From there, enter the large salon with volume ceilings and French doors leading to an expansive southwest-facing lanai paved with honed marble and surrounding the 30'x17' pool and attached spa. Also on the first floor: a handsome, well-appointed study/library; an adjacent "holiday ready" formal dining room with access to the eastern terrace (Morning coffee, anyone?); a well-appointed kitchen with island, two dishwashers, wine cooler, and family dining alcove; a spacious gathering room with abundant light and access to the lanai and pool. The primary suite, also on the first floor, features a spa-like bath with tub, shower and dual vanities, a custom closet and beautiful views of the manicured landscape. On the second level: two guest bedrooms, ensuite, and a charming loft space, ideal for use as a play room or get-away reading nook. The two-bay garage accommodates extra storage needs. This home is in the "beach block" with private access through a gated easement available to residents of Gordon Drive Estates.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Mar 24, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Price Decreased |
$6,200,000
↓ $750K
(10.8%) | |
| Price Decreased | |||
| Jan 7, 2025 | Listed by John R Wood Properties | $6,950,000 | |
| Listed by John R Wood Properties | |||
| Dec 16, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017