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20812 WATERBEACH PLACE
About This Property
Designed for both everyday living and effortless entertaining, the home offers four bedrooms, three full bathrooms, one half bath, and three finished levels. Rich hardwood flooring extends throughout the main level and continues up the staircase, while crown molding and recessed lighting enhance the home's warm, inviting character. Formal living and dining rooms flow into the welcoming family room, where a gas fireplace creates the perfect gathering place.
The beautifully remodeled kitchen, completed in 2023, blends timeless style with exceptional functionality. Quartz countertops are paired with high-end Bosch and GE Profile appliances, a designer range hood, decorative cabinet end panels, abundant cabinetry, and a spacious pantry. A reverse osmosis water filtration system, installed in 2026, adds everyday convenience.
Upstairs, the spacious primary suite serves as a relaxing retreat with room for a sitting area, separate walk-in closets, and an ensuite bath featuring dual vanities, a corner soaking tub, separate shower, private water closet, and supplemental heater for year-round comfort. Three additional bedrooms provide comfortable spaces for family, guests, or home offices, while one is being used as a custom dressing room which shows the creative flexibility this plan offers. Plush carpeting installed in 2021 enhances the upper level.
Remodeled in 2021, the fully finished lower level expands the home's versatility with durable luxury vinyl plank flooring, a spacious recreation room currently used as a home gym, a full bathroom, utility sink, oversized water softener, built-in Bose speakers that convey, and generous unfinished storage. Whether used as a recreation room, fitness studio, craft room, or teen retreat, the space easily adapts to your lifestyle.
Outdoor living is equally inviting. The expansive screened porch overlooks peaceful woods, creating a bug-free sanctuary to enjoy morning coffee, gentle rainstorms, colorful autumn foliage, and visiting hummingbirds. The flagstone patio and fully fenced backyard provide wonderful spaces for entertaining, gardening, or relaxing. Fresh mint, mature holly, boxwoods, hostas, and vibrant daylilies provide effortless seasonal beauty, while deer, foxes, squirrels, chipmunks, and countless birds make the wooded backdrop feel like a private nature preserve.
Thoughtfully maintained and extensively improved, the home features a remodeled kitchen (2023), remodeled basement (2021), HVAC system (2021), 74-gallon water heater (2021), new siding (2022), replacement windows, reverse osmosis system (2026), and numerous additional updates throughout. A spacious two-car garage with a professionally finished epoxy floor adds both style and durability, providing an attractive, easy-to-maintain space for vehicles, storage, or hobbies.
Beautifully updated, meticulously maintained, and ideally positioned in one of Lowes Island's most sought-after neighborhoods, this home offers more than exceptional finishes. It offers an unmatched lifestyle where neighbors become lifelong friends, nature is part of everyday life, and the renowned Cascades amenities are just moments from your front door.
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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.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 13, 2026 | Listed by Keller Williams Realty | $925,000 | |
| Listed by Keller Williams Realty | |||
| Jul 17, 2015 | Sold | ||
| Sold | |||
| Apr 4, 2015 | Listed by Keller Williams Realty | $615,000 | |
| Listed by Keller Williams Realty | |||
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About Cascades
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017