305 Estes DR
About This Property
Spanning approximately 8,000 square feet, the residence opens through a dramatic two-story glass foyer into expansive living spaces framed by panoramic bay views. A vaulted, beam-lined great room anchors the home, while the main kitchen features Wolf appliances, a substantial island, and a fully equipped catering kitchen designed for hosting at scale. A custom 1,000-gallon aquarium serves as a striking architectural centerpiece.
The primary suite offers a private waterfront retreat with a spa-inspired bathroom and expansive deck overlooking the bay. Additional guest suites, oversized bunk rooms, and a separate guest casita provide exceptional flexibility for extended family, business retreats, or large groups.
Built for life on the water, the property includes a climate-controlled tackle and fishing room with a 500-pound ice maker, along with a $250,000 custom dock featuring dual boat lifts and Azek synthetic decking. Over 4,000 square feet of outdoor living includes a heated pool and spa, multiple fire features, expansive lounge areas, and a fully equipped outdoor kitchen.
Four garages provide exceptional capacity for vehicles, golf carts, watercraft, and storage. Crestron whole-home automation integrates lighting, climate, audio, security, and entertainment systems throughout. Above it all, a fourth-level observation tower delivers panoramic views across the bay and coastline.
Offered fully furnished and turnkey, including furniture, artwork, and appliances.
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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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Price Decreased |
$4,500,000
↓ $500K
(10%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$4,999,999
↓ $790K
(13.6%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$5,790,000
↓ $210K
(3.5%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$5,999,999
↓ $490K
(7.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017