3 Terrace Circle
About This Property
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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by Corcoran Legends Realty | $6,950,000 | |
| Listed by Corcoran Legends Realty | |||
| |||
|
Elegant Architecture • Entertainer-Friendly Layout • Resort-Style Amenities
Perched on one of the highest points in Armonk, 3 Terrace Circle is an exceptional estate offering luxury, privacy, and sweeping views. This custom-built residence is fully fenced and gated, spanning 4.26 acres of mature, landscaped grounds that blend bold architectural design with the tranquility of its Westchester County setting.
Anyone looking for a home of this size and location will instantly recognize the superior quality that has gone into every aspect of this home. The intentional layout, the rooms’ proportions in relation to their purpose, the suite of amenities (indoors and outdoors), and the level of craftsmanship are multiple levels above anything built before or since.
This 13,986 square foot home features 6 bedrooms, 7 bathrooms, and 4 half bathrooms, thoughtfully curated interiors that unfold around a dramatic floating staircase, setting the tone for this one-of-a-kind residence. The open-concept layout connects expansive living spaces with a sleek Bulthaup chef’s kitchen, a formal dining room that seats 14, and seamless access to a stone patio, covered lounge, outdoor kitchen, and resort-style pool area. The 25’ x 55’ pool and fully equipped pool house make indoor-outdoor entertaining effortless. Among the home’s standout features, the reclaimed parquet de Versailles wood flooring offers a continuous thread of craftsmanship and refined taste throughout.
Each amenity is designed with lifestyle in mind: a glass-enclosed wine display, butler’s pantry, state-of-the-art home theater with concession bar, full lower-level retreat for guests or staff, a porte-cochere, and four garages, including one equipped with a car lift. A private elevator provides seamless access across all three levels. Upstairs, five bedrooms include a spa-inspired primary suite with tranquil views and custom finishes.
Additional highlights include close proximity to the Armonk town center and North Castle’s nature preserves, hiking trails, and golf courses. Convenient access to White Plains, Greenwich, and NYC makes this home a rare offering in one of Westchester’s most sought-after communities.
| |||
| Mar 20, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 28, 2025 | Price Decreased |
$9,999,999
↓ $500K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017