27 Watercress
About This Property
As you approach the property, a grand entrance unfolds, with a long driveway leading to a spacious 4-car garage and additional outdoor space for parking. The landscaped grounds frame the home, creating a sense of serenity and sophistication from the moment you arrive.
Step inside, and be prepared to be captivated by the impeccable attention to detail that defines every inch of this extraordinary home. From the handcrafted tile work to the intricately carved wood accents, every element has been thoughtfully curated to create a harmonious blend of traditional Spanish charm and modern elegance.
The heart of the home is undoubtedly the expansive living spaces, where high ceilings and abundant natural light create an inviting atmosphere that is both luxurious and welcoming. The gourmet kitchen is a chef's dream, boasting top-of-the-line appliances, custom cabinetry, and a center island that serves as the perfect gathering spot for family and friends.
The first floor boasts two rooms, including 1 suite next to the pool and 1 casita, along with an office. On the second floor, there are two suites in addition to the master suite, which serves as a tranquil retreat offering unparalleled luxury and comfort. Featuring a generous layout of the master bedroom, opulent ensuite bathroom, and a private balcony with sweeping views of the golf course and majestic mountains.
Shady Canyon residents relish in the security provided by two 24-hour guard gates and a plethora of amenities including a swimming pool, tennis and pickleball courts, a sports court, and clubhouse facilities. Additionally, they have access to scenic hiking and biking trails, playgrounds, and the esteemed Golf Club.
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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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $10,180,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 19, 2024 | Price Decreased |
$10,180,000
↓ $700K
(6.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017