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27489 Meadow Bay
About This Property
Step inside through the convenient level entry directly from the garage, where a dramatic, soaring wall of cathedral windows immediately frames the serene outdoor landscape. The main level welcomes you with rich flagstone slate flooring, warm wood accents, a versatile entry-level bedroom or den, and a full bathroom complete with a private shower and sauna. At the heart of the home, a striking double-facing fireplace and a custom wet bar enhance the spacious living room. This space flows seamlessly into an adjoining office and a formal dining room, creating an ideal environment for entertaining. When only the best will do, the chef's delight kitchen delivers with top-tier Thermador appliances, custom cabinetry, granite countertops, and a moveable center island.
A gorgeous custom iron stairway leads to the upper level, revealing a luxurious primary suite featuring a private outdoor deck, a dual-facing fireplace, and a spa-inspired ensuite bathroom equipped with a jetted soaking tub, dual sinks, a separate shower, and a custom closet. Two additional family bedrooms complete the upper level, featuring expansive closets, individual workspaces, private Juliette balconies, and an adjoining Jack-and-Jill bathroom. Step outside to enjoy the multi-sectional Trex decking overlooking a tranquil seasonal stream. Enhanced by modern upgrades including air conditioning, a tankless water heater, new carpet, and exterior paint, this exceptional property truly exemplifies love and pride of ownership. Elevated living at its finest.
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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 |
|---|---|---|---|
| Oct 29, 2026 | Sold | ||
| Sold | |||
| Oct 17, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2026 | Price Decreased |
$1,685,000
↓ $40K
(2.3%) | |
| Price Decreased | |||
| Jul 28, 2026 | Listed by Vista Sotheby's International Realty | $1,725,000 | |
| Listed by Vista Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017