24
Map
3055 Padaro Lane
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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$39,999,000
↓ $5M
(11.1%) | |
| Price Decreased | |||
| Mar 8, 2026 | Price Decreased |
$44,999,000
↓ $5M
(9.6%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Village Properties | $49,800,000 | |
| Listed by Village Properties | |||
| Nov 21, 2025 | Listed | $24,000,000 | |
| Listed | |||
| | |||
|
An unmatched opportunity to own a rare 2-acre bluff-top estate site with cinematic ocean, island, and mountain views located in one of the areas most exclusive neighborhoods. Expansive park-like grounds feature elegant rolling lawns and mature trees. Remarkable features include a fountain and a resort-style putting green, all framed by coastal beauty and endless horizon. Offered as a single legal parcel, with seller open to a combined sale with the neighboring residence to create an exceptional 4.3-acre compound.
| |||
| Aug 28, 2025 | Price Decreased |
$49,800,000
↓ $4M
(7.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017