29
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29310 Martelly Way
About This Property
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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 |
|---|---|---|---|
| Aug 21, 2026 | Listed by Compean Group | $6,000,000 | |
| Listed by Compean Group | |||
| Feb 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 11, 2024 | Listed by RE/MAX Integrity | $9,500,000 | |
| Listed by RE/MAX Integrity | |||
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Extraordinary property sits on nearly 28 acres, fully fenced, private street in a well sought out community, The Commons Of Lake Houston. This home was designed with elegance in mind, Absolutely magnificence of scale, craftsmanship and exceptional design are evident. The interior Boasts, 5 bedrooms 7.5 baths, 2 kitchens, 2 breakfast areas, 3 living rooms, Both formals, atrium, gym, 2 offices, Tall ceiling, crown molding, Exquisite chandeliers, column anchored entry and archways, 3 fire places, marble and wood flooring, State-of-the-art kitchens feature upscale built-in appliances, island, breakfast bar, granite countertops, gas and electric stoves, food warmer, The luxurious owner’s suite includes his and her spa-like BA, walk-in closets, and a fireplace. AC garage holds up to 55 cars. Exterior offers a wraparound patio, courtyard, gazebo, waterfalls, sprinkler system, tennis and basketball courts, Full-house generator RV garage, storage, AC Kennel, Aviary, fishing pond, walking trail.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017