240 Riverstone Drive
About This Property
Exceptional 4-bedroom custom-built estate backing up to state park land. This luxurious home offers seamless indoor-outdoor living with expansive covered and sun decks (being re-stained), and a full outdoor kitchen. Inside, enjoy soaring 10' ceilings, an open-concept layout, extra-wide European white oak engineered hardwood planks, and a stunning 2-sided stone gas fireplace connecting the living room to the deck. The gourmet kitchen is a chef's dream featuring a large center island, custom cabinetry, double 30'' Designer refrigerator columns from Sub-Zero, a Wolf gas range & hood, 2 dishwashers - 1 in the kitchen island and 1 in the spacious butler's pantry with a built-in freezer and built-in Miele coffee machine. The main-floor primary suite is a true retreat with a spa-like bath including an oversized rain-head shower, soaking tub, and an enormous walk-in closet with center island. A main-floor office with private bath offers ideal flex/5th bedroom space. Additional highlights: 3-car garage with pre-wire for EV car charger, pet washing station, porte-cochere, and unmatched privacy in a serene wooded setting. Motorized patio screens, 3rd garage bay large enough for a boat, central vacuum and multi-generational home design. Less than ten minutes from Jordan Lake State Recreation Area.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Listed by Linda Craft Team, REALTORS | $2,000,000 | |
| Listed by Linda Craft Team, REALTORS | |||
| Jan 16, 2026 | Price Decreased |
$2,074,000
↓ $75K
(3.5%) | |
| Price Decreased | |||
| Oct 16, 2025 | Price Decreased |
$2,149,000
↓ $46K
(2.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017