2883 Shore Drive
About This Property
The 10-year-old chef's kitchen boasts white shaker cabinets, quartz countertops, coordinating tile backsplash, Wolf double oven with 6-burner gas cooktop/griddle with vented hood, GE Monogram beverage refrigerator in Island, KitchenAid refrigerator, Miele dishwasher, GE microwave drawer, and a dedicated center island with gray hued shaker cabinets. Overlooking the Spectacular wide canal views, enjoy a 70-foot Navy bulkhead completely protected with 35 helical piles, a 18,000 ton boat lift (7 years old), gas-heated pool with waterfall/Loop-Loc cover, a heated hot tub, and composite deck with a full granite outdoor kitchen including BBQ, sink and refrigerator.
The great room is a true WOW with floor-to-ceiling Eldorado stone fireplace, Andersen windows, and custom window treatments. Hardwood Floors throughout, The home is hardwired cat-5, 200-amp electric, surround sound indoors and out, 3-zone CAC/4-zone gas heat via Nest thermostats, and fully paid-off 6 year old solar panels for efficient and low cost energy. Electricity is just $14 a month!
Fabulous curb appeal with Cedar impression siding, stunning double mahogany front doors, paving stone driveway, estate fencing, Ring doorbell, and a comprehensive security system. The Multi level layout has a thoughtful flow where the main level spaces are inviting and open. The Gourmet kitchen and dining room overlooks the calming large canal and together with the Great room create the heart of the home! Three bedrooms and 2 full baths offer privacy while the primary suite creates the tranquility and relaxation you deserve. A stunning spa bathroom with separate large shower and jetted tub, a walk in closet and a balcony to take in the morning sunrise over the water! A main level office/ guest room and powder room lead out to the country club yard or bring you back to the additional family room, gym with double egress and large laundry room with Newer LG Front loaders. The 2 car garage includes epoxy floors and full garage tech system. Pull down attic, Ceiling Fans in all Bedrooms, 2 zone Baseboard gas heat and 2 Zone forced air gas heat. Rheem 72 gallon hot water heater and Burnham gas burner. Custom cast iron railings.
This exceptional home combines high end craftsmanship with unbeatable waterfront living! This is truly a one of a kind Entertainers paradise in one of South Merricks most desirable locations! Do not miss this opportunity! Flood insurance $1593
Payment Calculator
Your Estimated Monthly Payment
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017