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31 Shoal Drive
About This Property
IF YOU ARE A BOATER OR A GOLF ENTHUSIAST!!! This is the right home for you. Launch directly from your private boat lift (up to 40 ft), private ramp, and 100 feet of dock, complete with a boat house. Positioned near premier golf courses, this property delivers a lifestyle few homes can offer.
Designed with high-end finishes throughout, the home features soaring cathedral ceilings and expansive natural light that enhances every space. This 4-bedroom, 4-bath residence offers approximately 5,773 square feet of refined interior living. A grand entry foyer opens to expansive living areas, including a formal living room and a family room with a stone gas fireplace, ideal for both everyday living and entertaining.
The open-concept chef's kitchen is equipped with custom cabinetry, Wolf appliances, a wine cooler, and an oversized waterfall-edge center island. Additional interior features include a private gym, radiant heating throughout with individual room controls, a heated two-car garage, smart home technology with surround sound, and a brand-new whole-house water filtration system.
The primary suite is designed as a private retreat, offering sweeping water views, dual walk-in closets, and a spa-style bathroom with a jacuzzi and high-end finishes. A second-floor loft provides flexible living space.
Outdoors, the property transitions into a resort-style setting with a heated saltwater pool and jacuzzi, an expansive outdoor kitchen with bar and wine cooler, and a pool house with a summer kitchen and full bath. The setting is designed for both quiet relaxation and large-scale entertaining, with stunning sunrise and sunset views over the water.
Whether enjoying time on the bay or hosting outdoors, this home offers a rare combination of scale, privacy, and lifestyle.
A premier waterfront offering on the South Shore with direct access to the Great South Bay.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017