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34 Blue Cedar Drive
About This Property
The main living areas are designed to showcase the water at every turn. The family room features hardwood flooring, a stunning bay window overlooking the bay, and a gas fireplace that efficiently heats the entire first floor. The chef's kitchen is truly a showstopper, complete with Jenn-Air double ovens, a built-in Jenn-Air cooktop, custom 42-inch cabinetry, granite countertops with a dramatic waterfall edge and a custom tile backsplash. The adjoining dining room offers its own built-in fireplace, creating a warm and inviting space for entertaining.
The first-floor primary suite is a private retreat, featuring another bay window with breathtaking water views and an en-suite bathroom with a custom shower. Two additional bedrooms are also located on the first floor, one with sliding doors leading to a private deck overlooking the bay. A spacious hall bath offers a large jetted tub, a custom walk-in shower with bench, and a built-in towel warmer. A bonus room off the kitchen provides flexibility as a sitting room or mudroom and includes a first-floor laundry area.
Step outside to a fully fenced backyard with vinyl fencing, featuring a large Trex deck, two storage sheds, gas hook up for your bbq and an impressive swim spa, making it ideal for both entertaining and relaxation. The heated and cooled garage has been converted into a fully functional bar, complete with running water and sliding doorsan entertainer's dream.
The second level continues to impress with another living room showcasing expansive windows overlooking the open bay. This floor offers two large guest bedrooms, a hall bath with custom tile work and a skylight. The upper-level primary bedroom is expansive and includes an office/sitting area, a massive walk-in closet with custom built-ins and a luxurious en-suite featuring a custom double vanity and walk-in shower with detailed tile work. A second-floor laundry room adds even more convenience.
Located just down the street from Bay Harbor Park, offering a playground, picnic tables, and beach access for the whole family to enjoy, this home truly has everything you could ask for!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Feb 9, 2026 | Price Decreased |
$875,000
↓ $40K
(4.4%) | |
| Price Decreased | |||
| Jan 16, 2026 | Price Decreased |
$915,000
↓ $35K
(3.7%) | |
| Price Decreased | |||
| Jan 5, 2026 | Listed by RE/MAX Revolution | $949,900 | |
| Listed by RE/MAX Revolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017