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23 Orange Terrace
About This Property
Designed for both entertaining and everyday living, the expansive wraparound deck features a built-in wired speaker system, creative exterior lighting, ceiling fans, a sunken hot tub, and an abundance of electrical outlets perfect for hosting gatherings or relaxing under the stars.
Inside, the craftsmanship is simply breathtaking. Warm tongue-and-groove yellow pine surrounds a spectacular Great Room with soaring cathedral ceilings, a wall of windows that floods the space with natural light, and an open-concept design that creates an unforgettable first impression. The main level offers two spacious bedrooms, a full bath, and a large laundry room.
The upper loft leads to an incredible private primary suite featuring a generous dressing room and a spa-inspired bathroom designed for comfort and relaxation.
The finished walk-out lower level offers endless possibilities, a full bathroom, den/home office, exercise area, and direct access to both the garage and the driveway through french doors. Enhanced lighting throughout the garage creates the ideal workshop for hobbyists or craftsmen.
Adding to the property's charm is a quaint storage cottage perched atop the hillside, connected by a beautifully designed pathway, providing additional storage and a unique retreat.
This extraordinary property offers character, craftsmanship, and amenities rarely found in today's market. If you're looking for a home that truly stands apart, this custom home is a must see to appreciate.
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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 |
|---|---|---|---|
| Oct 17, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Price Decreased |
$599,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Jul 27, 2026 | Price Decreased |
$649,000
↓ $20K
(3%) | |
| Price Decreased | |||
| Jun 26, 2026 | Listed by Preferred Properties Real Esta | $669,000 | |
| Listed by Preferred Properties Real Esta | |||
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About Middletown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017