229 N Beverly Drive
About This Property
At the water's edge, the boathouse includes a covered sitting area, boat cradle lift, dual personal watercraft cradle lifts, decorative below-deck LED lighting, and a waterside stone firepit-the perfect place to unwind after a day on the water.
Walls of windows fill the open-concept living, kitchen, and dining areas with natural light while showcasing the water views. Interior features include hand-scraped wood floors, exposed wood beams, and soaring ceilings. The cook's kitchen offers a gas cooktop, stainless steel appliances, island with bar seating, built-in ice machine, and pantry.
The main level includes a waterside primary suite with patio access, lake views, dual vanities, walk-in shower, and walk-in closet, along with a secondary bedroom and full bath. Upstairs offers a second living area with built in bar with beverage fridges and walks out to a balcony with open-water views, three additional bedrooms, plus an additional built-in bunk room. A long driveway provides ample parking for family and guests. Conveniently located near The Dock, The Whistlestop, and Historic Downtown Malakoff with coffee shops, boutiques, and more.
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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 |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Listed by Ebby Halliday Realtors | $1,750,000 | |
| Listed by Ebby Halliday Realtors | |||
| Dec 13, 2021 | Sold | ||
| Sold | |||
| Nov 3, 2021 | Listed by Ebby Halliday Realtors | $1,360,000 | |
| Listed by Ebby Halliday Realtors | |||
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Stunning rustic hill country style home in small, upscale neighborhood on wide cove just off open water. Sit around the stone firepit in the spacious yard nestled among tall oak trees or the huge covered patio and take in the fabulous water view. Home features open concept living with hand scraped wood floors, wood beam ceiling and walls of windows. Pretty kitchen with bar seating, SS appliances, granite countertops, ice machine. Master and 2nd bedroom on the main floor. Second living area, 3 bedrooms plus another built in bunk room up. Attic over garage makes easy access storage or could be finished out for more living space. Immaculately maintained. Furnishings and water craft available separately.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017