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23 Pheasant Run Road
About This Property
A grand entry sets the tone, opening to elegant interiors with hardwood floors, crown molding, custom stair and hall runners, and thoughtfully finished spaces throughout. The main level features a formal dining room with custom built-in bar, cabinetry, kegerator, and matching window cornices, creating an ideal setting for entertaining. The family room offers the warmth of a wood-burning fireplace, while a private study provides a quiet space for work, reading, or retreat.
At the heart of the home is a beautifully upgraded chef's kitchen designed with both style and function in mind. High-end appliances include a Thermador double wall oven, Wolf gas range top, Sub-Zero refrigerator, KitchenAid dishwasher, in-drawer microwave, beverage refrigerator, and coffee bar with instant hot water. Quartz countertops and backsplash, upgraded cabinetry, dish drawers, spice storage, utility and knife holders, and a Kohler sink system with colander, cutting boards, drain racks, and industrial-style hose complete the space.
Upstairs, the primary suite offers a private sanctuary with a beautifully finished bath and custom closet. Three additional bedrooms, a hall bath, laundry area, attic access, and a spacious bonus room, ideal as a playroom, guest space, or media room, complete the second level.
The finished lower level expands the home's lifestyle offering with a workout area, golf area, TV area, full bath, utility space, storage, and sliding glass doors leading directly to the pool. It is an ideal extension of the home for recreation, guests, fitness, and relaxed indoor-outdoor living.
Outside, the property becomes a private resort. Enjoy a 20' x 40' Gunite saltwater pool with propane heater, new hot tub, pool house, outdoor kitchen, expansive Trex deck with retractable Sunbrella awning, covered mahogany wraparound front porch, designer landscaping, irrigation system, perennial gardens, and storage shed. Additional comforts include an alarm and camera system, central vacuum, multiple heating and cooling zones, and a whole-house hard-wired automatic generator.
Located in Putnam Valley which is known for its lakes, trails, wooded beauty, and access to outdoor recreation, the home offers the feeling of a private Hudson Valley escape while remaining close to Roaring Brook Lake, Fahnestock State Park, Beacon, Cold Spring, Peekskill, Yorktown, Mahopac, and the Hudson River corridor. 5 minutes to the Taconic State Pkwy, 45 minutes to NYC.
Here, you are not simply buying a home. You are stepping into a lifestyle: mornings on the wraparound porch, afternoons by the pool, evenings around the outdoor kitchen, weekends exploring nearby trails and lakes, and the quiet luxury of having space to breathe. 23 Pheasant Run Road is Hudson Valley living at its most complete. Elegant, private, beautifully equipped, and designed for the way people want to live now.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Douglas Elliman Real Estate | $1,250,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Dec 18, 2014 | Sold | ||
| Sold | |||
| Mar 27, 2014 | Listed by Douglas Elliman Real Estate | $638,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017