"Overtheway," an exceptional luxury estate, is tucked away on 2.4
beautifully landscaped private acres showcasing a meticulously
renovated 7 Bedroom | 5.1 Bath Dutch Colonial in Rye, NY as its
centerpiece. This private compound offers resort-style living
with a wraparound covered porch overlooking a stunning salt water
Shoreline pool with spa, custom pool house, full tennis court,
outdoor kitchen & grilling station, firepit area, and spacious
3-car garage with additional storage. Located at 280 Highland Road,
this premier property combines timeless architectural elegance with
current refined finishes, and seamless indoor-outdoor living
featuring four covered porches. Grand circular drive with pillared
entryways welcome you into this sun-filled stately residence
showcasing classic 1900s charm, gracious-scale rooms, reimagined to
create a modern updated design for today's lifestyle. Recently
renovated Chef's Kitchen features top of the line appliances : Wolf
6-burner with griddle gas cooktop, Wolf microwave, Wolf double wall
oven, Sub-Zero refrigerator, two paneled dishwashers, two sink
areas. Quartz waterfall island countertop seats 4, Dining Area for
8+ plus fabulous Walk-in Versatile Pantry/Back Kitchen. Covered
porch side entrance to fantastic Custom Mudroom with five built-in
cubbies with endless storage and two work stations adjacent to the
Laundry Room, offers the utmost in convenience and efficiency. The
spectacular outdoor setting is ideal for casual living and
extensive entertaining, featuring expansive patios, multiple dining
areas, manicured gardens, resort-inspired amenities, and private
recreational spaces. Ideally located within walking distance to
downtown Rye, Metro-North train, boutique shopping and top
restaurants, you will have every amenity desired. Just minutes to
Westchester Country Club, Apawamis Club and Harrison Meadows.
Nearby Westchester County Airport and NYC LaGuardia Airport makes
travel effortless. "Overtheway" as referenced in the 1930s, offers
a rare opportunity to have a private sanctuary to enjoy quality
time with your family and friends in this very special setting, in
a sought-after location in Westchester County.
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.
Other Structures: Garage(s), Outdoor Kitchen, Pool House
Building Area Units: Square Feet
Window Features: Blinds, Oversized Windows
Construction Materials: Shingle Siding
Patio and Porch Features: Covered, Patio, Porch, Wrap Around
Pool Features: Fenced, In Ground, Pool Cover, Pool/Spa Combo
Pool is Private
Lot Features: Back Yard, Front Yard, Garden, Landscaped, Level, Near Golf Course, Near Public Transit, Private, Sprinklers In Front, Sprinklers In Rear, Near Shops
Lot Size Area: 104980
Lot Size Units: Square Feet
Lot Size Acres: 2.41
Lot Size Square Feet: 104980
Water Source: Private, Public
Financial Details
Tax Assessed Value: $36,150
Tax Annual Amount: $61,627
Utilities Details
Cooling Type: Attic Fan, Central Air, Ductless, Zoned
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