2737 SAINT THOMAS DRIVE
About This Property
A beautifully composed floor plan draws your eye outward, with tranquil pool and intersecting canal views with 45 foot dock and 10k lift showcased from nearly every room. The family room serves as an inviting centerpiece, anchored by a stunning cut-stone gas fireplace and mirrored wet bar-an ideal setting for intimate gatherings or relaxed evenings at home. It flows effortlessly into the remodeled kitchen, stainless steel appliances, rich wood cabinetry, gleaming granite countertops, and tumbled stone backsplashes create a space as functional as it is refined.
Throughout the home, bamboo wood flooring and artfully placed recessed lighting enhance the natural textures and timeless finishes. Coordinating granite and cabinetry extend through the guest bath, laundry room, and wet bar, while the primary bath offers a private spa-like retreat, complete with antique-glazed cabinetry, granite countertops, and a jetted soaking tub-perfect for unwinding as the day fades into evening.
Walls of pocketing sliding glass doors dissolve the boundary between indoors and out, opening the primary bedroom and living areas to a generous covered lanai and pool terrace. Here, expansive canal views provide a breathtaking backdrop for sunrise coffees, sunset gatherings, and endless moments of waterfront serenity.
Thoughtful enhancements include crown molding, a brick-paver pool deck, a pass-through kitchen window with hand-painted outdoor cabinetry and refrigerator, hurricane shutters, a propane-powered whole house generator was added in 2021, ensuring both beauty and peace of mind. New roof and a/c in 2025.
Tastefully remodeled yet offering the opportunity to add your own signature touches, this exceptional waterfront home is a rare opportunity where elegance, comfort, and value converge-waterfront living at its most attainable and inspiring. This house has never had flooding.
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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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Decreased |
$759,000
↓ $40K
(5%) | |
| Price Decreased | |||
| Feb 11, 2026 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
| Jan 6, 2026 | Listed by MARINA PARK REALTY LLC | $825,000 | |
| Listed by MARINA PARK REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017