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3212 Bay Estates Circle
About This Property
Accordion doors open to the family room and second kitchen with beverage cooler, oversized Wolf range with hibachi-style cooktop, and folding glass doors to the terrace. Outdoor living is effortless with a barbecue station finished in Dekton, a fire pit, new landscaping and pavers, and a boardwalk leading through the fenced yard to the private dock. Step outside onto a screened terrace with ample space for dining and entertaining around the attractive pool and bubbling spa.
The chef's kitchen boasts Cambria Inverness Frost quartz counters, a Thermador wine refrigerator, Wolf appliances, dual dishwashers, and Bianco Dolomite marble accents.
The primary suite offers bespoke his-and-hers closets, fireplace, fitness room, and a temperature-controlled wine room. The spa-inspired bath pampers with steam shower, freestanding tub, sparkling chandelier, and under-counter refrigerator. Upstairs, this magnificent home showcases three stunning guest bedrooms, all accessed from the galleried landing. The huge family suite has twin bunks over a king bed and a kitchenette outfitted for guests to help themselves to morning coffee or late-night snacks. Rounding out the host of amenities, there's a dedicated movie theater with eight tiered leather recliners for watching your favorite films. The adjoining quartz-topped bar has twin beverage refrigerators for serving endless wine, soda and snacks.
Additional highlights include a pool bath, a European lift, and a fenced dog run. The Village of Baytowne Wharf and Grand Boulevard put shopping, sports, and world-class dining within easy reach by golf cart. The resort also offers a private beach club, four championship golf courses, a world-class tennis center, and a deepwater marina, providing a lifestyle that truly has it all.
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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 |
|---|---|---|---|
| Feb 2, 2026 | Price Decreased |
$7,350,000
↓ $100K
(1.3%) | |
| Price Decreased | |||
| Oct 13, 2025 | Listed by Scenic Sotheby's International Realty | $7,450,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Dec 20, 2018 | Sold | ||
| Sold | |||
| Nov 6, 2018 | No longer available | - | |
| No longer available | |||
| Nov 4, 2018 | Relisted | $2,999,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017