29 E Elliot Way #LOT61
About This Property
The front elevation is defined by clean lines, 9-foot exterior doors, and an expanded window package. A covered entry with brick flooring leads into the foyer, where the layout opens toward the main living areas while maintaining separation between private spaces.
The living room is positioned at the rear of the home, defined by vaulted ceilings with exposed wood beams and a wood-burning fireplace with a plaster finish. A 16' sliding glass door extends the space to the rear porch, while the adjacent dining area features a 12' slider, creating multiple access points to the outdoor living areas.
The kitchen is centrally located between the living and dining areas, anchored by a 12-foot island with marble surfaces. Cabinetry extends to conceal a full appliance suite including a 48" refrigeration unit, dual fuel range, and integrated ventilation. A walk-in pantry is paired with a separate wet bar featuring a sink, ice maker, and beverage refrigeration, allowing prep and service areas to function independently.
The primary suite is located at the rear of the home, separated from the secondary bedrooms, with direct access to the outdoor living space. The bath includes a freestanding tub, walk-in shower with bench, and upgraded fixtures, while the closet is divided into a functional his-and-hers layout with custom shelving.
Secondary bedrooms are arranged along the opposite side of the home, each with ensuite baths and walk-in closets, supporting both privacy and flexibility in use.
Outdoor living is fully integrated into the layout. A 10' x 35' pool and spa with upgraded finishes anchors the backyard, complemented by extended paver decking, a summer kitchen, and a screened porch with a wood-burning fireplace and brick flooring. The depth of the homesite allows for defined outdoor living areas while maintaining privacy.
Additional features include 12-foot ceilings throughout, wide-plank wood flooring, solid core interior doors, crown molding in main living areas, upgraded hardware and plumbing fixtures, and a conditioned garage with epoxy flooring and mini-split system.
Located within Powell Landing West, this home offers immediate access to Lake Powell, the community dock, and Watersound Origins amenities including trails, Village Commons, and the Origins Golf Course.
Pricing subject to change as the home progresses and selections are added or removed.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | Listed by Watersound Real Estate | $2,699,900 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017