24 Preserve Way
About This 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 |
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| Oct 11, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 20, 2024 | Listed by Berkshire Hathaway HomeServices Chicago | $2,180,000 | |
| Listed by Berkshire Hathaway HomeServices Chicago | |||
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Nestled within the serene, gated community of The Preserve in the heart of New Buffalo, this exceptional residence offers an unparalleled blend of natural beauty and modern luxury. Enveloped by the tranquil landscapes along the Galien River, with over 200 feet of pristine riverfront this home captures the essence of peaceful living while keeping you connected to the vibrant town just moments away.
From the moment you arrive, the property's stunning surroundings come into view, The two parcel property features lush vegetation, diverse wildlife, and captivating vistas that provide a daily dose of natural wonder. Inside, the home's design embraces open, airy spaces that invite both relaxation and entertaining. The welcoming living room, complete with one of three elegant fireplaces, offers a cozy retreat or a gateway to the expansive deck, perfect for enjoying cool summer evenings and stargazing. The gourmet kitchen is a culinary haven, equipped with custom cabinetry, granite countertops, and top-of-the-line appliances. Its generous layout encourages family gatherings and festive meal preparations, while seamlessly connecting to the family room, a prime spot for watching games or classic films. Alternatively, unwind on the screened porch with a favorite book and the soothing sounds of nature.
The main level also features a luxurious primary suite, designed as a personal sanctuary with its own sliding door to the deck, ideal for quiet contemplation. The suite's spa-like bathroom and spacious closets enhance its appeal. Additionally, a versatile room on this floor can serve as a peaceful study, home office, or a sixth bedroom.
The walk-out lower level is a haven for family fun and relaxation, offering ample space for a game room, movie nights, or a home gym. This level includes two spacious bedrooms, multiple storage areas, and a large riverfront covered terrace, perfect for enjoying river views and gatherings.
Upstairs, the second floor overlooks the living room and features two additional bedrooms and a guest bath, providing comfort and privacy for family and visitors.
Outside, the property's lush landscaping creates a tranquil oasis. A winding path leads to a charming boathouse, ideal for storing watercraft and outdoor gear. The studio above the boathouse offers breathtaking treetop views of the preserve and river. Additionally, residents have access to the association's boat launch for convenient river access and can enjoy amenities including tennis courts, a playground, a newly refurbished community center, and a beautiful outdoor pool.
Experience the perfect harmony of nature and luxury at The Preserve. A true sanctuary where every detail is designed to offer a life of comfort, beauty, and serenity.
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| Jun 22, 2016 | Sold | ||
| Sold | |||
| Jan 30, 2016 | Listed by Coldwell Banker Realty | $1,290,000 | |
| Listed by Coldwell Banker Realty | |||
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“Life is but a dream………” in your very private, light-filled, 5000 sf house with 216 feet of Galien River footage at the exact bend in the river where there are the most magnificent year round views of the water, the surrounding acres of land, exquisite landscaping and the abundant natural vegetation and wildlife. The house’s thoughtful design with a flexible floor plan and attention to custom details allows for supreme comfort and a variety of lifestyles for second home use or full time residency. Expansive windows, wood floors, use of marble, stone and tile, 3 fireplaces, built-ins, charming nooks and crannies, and extra storage enhance the ease of everyday life as well as the warm, welcoming atmosphere of the home. The first floor has a heart of the household kitchen opening to the More. family room and bayed window porch, MBR suite, a study (or 6th bedroom), DR, and a sweeping deck also riverside. The lower level opens to a large terrace on the river and has 2 bedrooms, a rec. room, and exercise room. Two additional bedrooms are on the second floor.A winding path from the house leads to the nautical style boat house built for sports and boating equipment and with a studio/lookout tower at treetop height. For further recreation, there is the association tennis court, swimming pool and boat launch.Enjoy the sounds of silence broken only by the sounds of nature: the leaves rustling, the river rippling, a fishing line being cast, the birds chirping, and your kayak paddle slapping the water. Welcome to The Preserve, a gated community in the heart of New Buffalo, where you can be at home with nature inside and outside in a unique sanctuary providing a private, restorative, nurturing environment only 70 miles from downtown Chicago.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017