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2304 Beachview Drive
About This Property
A striking iron front door welcomes you to hand-scraped hardwood floors and an elegant formal dining room with built-in cabinetry and china display. A dedicated office adds flexibility, while the central living room connects to a gourmet kitchen with GE Monogram appliances, a six-burner range, and double ovens.
The expansive primary suite includes a generous sitting area. Across the home, three secondary bedrooms include one with a private en suite bath and two sharing a Jack-and-Jill bath. Three distinct living areas make hosting easy: the central living room, a dedicated media room, and a separate rear game room wrapped in windows overlooking the backyard.
The resort-style setting features a beautiful pool with built-in seating, a waterfall spa with ornate sculpture and stonework, and a cabana with a built-in grill. Covered patio space, an outdoor sound system, walking paths, and mature landscaping invite you to linger. Beyond, an expansive lawn meets a backdrop of trees.
A long driveway serves the attached three-car garage, complete with storage racks, built-in cabinets, and a workbench. The separate oversized two-car garage offers east-west pass-through overhead doors and provisions for EV charging. A spacious laundry room and drop station add everyday convenience.
Updates include whole-house windows with a lifetime transferable warranty (2025), a new AC unit (2026), roof (2021), replaced driveway sections (2024), and fence repairs and painting (2025). Pool equipment updates include the filter, motherboard, and salt system (2019), plus a pump motor (2025). Granite countertops in all bathrooms and exterior security cameras round out this exceptional property.
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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 |
|---|---|---|---|
| Nov 4, 2026 | Listed by Jay Marks Real Estate | $1,690,000 | |
| Listed by Jay Marks Real Estate | |||
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About Emerald Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017