337 VELVET Road
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%.
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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 |
|---|---|---|---|
| Aug 7, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by West & Woodall Real Estate - S | $1,850,000 | |
| Listed by West & Woodall Real Estate - S | |||
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It started with a dream: waking up to the sound of water gently lapping at the shore, sipping coffee on a screened-in porch while the sun rises across the lake, and ending each day under the stars, sharing stories and laughter with the people who matter most.
This fully furnished dream home became reality in 2021, when a stunning lakefront home was thoughtfully crafted to blend luxury, comfort, and connection with nature with 2 bedrooms and 3 sleeping rooms
From the moment you arrive, the quality is unmistakable. The driveway is paved, the roads smooth, and the curb appeal undeniable. A 3-car detached garage welcomes you, and just above it, a 986 sq ft fully equipped guest suite stands ready — perfect for visitors, in-laws, or income potential.
Step into the main home, where engineered white oak floors guide you through a bright, open layout. The gourmet kitchen sparkles with quartz countertops and a 6-burner GE gas stove, inviting slow Sunday breakfasts and lively dinner parties alike. Two primary suites on the main level offer private retreats, complete with heated bathroom floors — a small luxury that becomes essential once you've experienced it.
Every detail has a story: custom railings designed to reflect the landscape outside, composite decking that resists time and weather, and EV charging outlets ready for the road ahead.
Downstairs, the lake lifestyle continues with a fully finished lower level — doubling your space to nearly 4,000 sq ft. Whether it's games, movie nights, or a quiet space to write your next chapter, there's room for it all.
Outside, the double-slip dock has been completely renovated. Step onto the water with ease, launch your boat for a sunset cruise, or simply sit and breathe in the peace of it all. And yes — the boats and toys could be yours too. And let's not forget the mancave.
This home isn't just a place. It's a feeling. A rhythm. A way of life.
And now, it's waiting for you. No restrictions and STR are allowed
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| Jul 21, 2016 | Sold | ||
| Sold | |||
| May 22, 2015 | Listed by West & Woodall Real Estate - D | $499,000 | |
| Listed by West & Woodall Real Estate - D | |||
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Gentle sloping lot on Hyco lake with a view that will take your breath away! You will love the easy walk on the paved sidewalk down the extra large boat dock (can not build them this size anymore!) 2 boat lifts and 2 jet ski lifts, all covered with plenty of extra covered decking. Private boat ramp. Large covered porch and deck. Then there is the home that has been well maintained and completely updated from the studs up. Two fireplaces, large bonus room. Kitchen open to living room. A Must See!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017