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225 CONSERVATORY DRIVE
About This Property
Discover the perfect setting to bring your vision to life on this exceptional corner lot, offering breathtaking views of a sparkling pond and a pristine golf course in a community crafted for luxury living. Looking for more space? The lot next door is also available, providing a rare opportunity to create an estate-sized property by combining the two lots.
This exclusive, gated neighborhood features the renowned Tom Watson Golf Course and an elegant clubhouse, offering a lifestyle of sophistication and relaxation. With no mandatory timeline to build, you have the flexibility to buy now and build later or start enjoying your dream home immediately.
The beautifully manicured grounds are just minutes from the beach, premier shopping, and fine dining. For outdoor enthusiasts, the community boasts miles of biking and hiking trails nearby, providing endless opportunities to explore and enjoy nature.
You can bring your own custom builder or select from a curated list of top-tier builders offering exquisite models within the community. With underground utilities already in place, these lots are ready and waiting for your dream home.
Opportunities like this are rare. With the community rapidly growing, now is the time to secure your slice of paradise. Don't miss your chance-lots like these don't stay on the market for long!
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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 |
|---|---|---|---|
| Jan 8, 2025 | Listed by VIRTUAL HOMES REALTY | $325,000 | |
| Listed by VIRTUAL HOMES REALTY | |||
| Jun 21, 2021 | Sold | ||
| Sold | |||
| Apr 1, 2021 | Listed by VIRTUAL HOMES REALTY | $94,900 | |
| Listed by VIRTUAL HOMES REALTY | |||
| Oct 13, 2020 | No longer available | - | |
| No longer available | |||
| Aug 22, 2020 | Relisted | $59,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017