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31 SHADOW POINT COURT
About This Property
Set on 2.83 acres in the sought-after Poplar Point community, this all-brick residence is carefully positioned to capture the beauty of its surroundings, with panoramic river views. Inside, the home offers a wonderful balance of open gathering spaces and private retreats. The chef's kitchen, dining area, and spacious office provide both function and flexibility, while the inviting and spacious living room with access to the rear deck creates the perfect balance of indoor and outdoor living. Four generously sized bedrooms, each with an ensuite bath, ensure comfort and privacy throughout.
A thoughtful layout continues with dual staircases enhancing the home's flow. A rear staircase leads to an additional family space, ideal as a media room, lounge, or playroom, while the main staircase ascends to the private bedroom level. The primary suite is a true sanctuary, featuring multiple balconies that overlook the pool and South River, creating a constant connection to the water. The suite itself offers expansive proportions, including a large walk-in closet, a beautifully scaled primary bath, and a distinctive sunken sitting room, perfect as a quiet escape or private lounge.
The lower level adds versatility with a one-bedroom apartment complete with its own entrance, while a separate carriage house provides additional garage bays and a private one-bedroom living space with kitchenette, ideal for guests or extended stays.
Outdoors, the meticulously maintained and fully fenced grounds gently transition toward the water, enhanced by a discreet vehicle path that allows for convenient access to the shoreline. A newly renovated deep-water dock features multiple slips, lifts, a fishing pier, and a dedicated crab deck. The perfect set up for delivering an exceptional boating experience.
From poolside afternoons and evenings on the porch to days spent out on the river, this property offers a rare combination of scale, comfort, and a truly immersive waterfront lifestyle. Welcome Home!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017