2935 Bay Drive
About This Property
Enjoy spectacular waterfront ok scenery from multiple rooms while entertaining in spacious living areas designed for today's lifestyle. Premium features include radiant heat, a 10-zone heating system for optimal efficiency and comfort, and a whole-house generator providing peace of mind year-round.
The meticulously manicured grounds showcase lush landscaping, offering outstanding curb appeal and a serene outdoor setting. Whether enjoying morning coffee overlooking the water or hosting gatherings against a picturesque waterfront backdrop, this property delivers the ultimate South Shore lifestyle.
A rare opportunity to own a beautifully maintained Bayfront home that perfectly combines luxury, comfort, and modern amenities.
To much to list a must see!!
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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 20, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jun 14, 2026 | Listed by Douglas Elliman Real Estate | $2,450,000 | |
| Listed by Douglas Elliman Real Estate | |||
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About Merrick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017