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3403 Sandy Place
About This Property
Step inside to a one-of-a-kind interior where luxury meets bespoke craftsmanship. Double french doors open to a grand front office featuring a bow wall of windows and a walk-in closet (easily serving as a 5th bedroom). Transition through custom, hand-laid brick archways to find what was once a formal dining room, now transformed into an incredible pub-style entertainment lounge complete with a custom built-in bar and a dedicated butler's pantry serving area which passes through to the heart of the home. The expansive, open-concept kitchen and family room are unified by breathtaking coffered ceilings featuring hand-carved wood plank inlays. The chef's kitchen features a massive center island with limestone countertops perfect for hosting, granite surround buffets, a high-end stainless steel appliance package, a convenient secondary prep sink, custom cabinetry, and a charming brick-accented backsplash. The adjacent sunken family room radiates a warm, rustic "shabby chic" elegance. The focal point is centered around a floor-to-ceiling accent brick wall to enhance the warmth of the wood-burning fireplace. New Anderson 400 series patio door off the breakfast nook lead directly to your private outdoor paradise.
The second level features a luxurious master suite complete with a private deck boasting sweeping water views, a double-door entry, and a newly remodeled spa-like bathroom with a massive walk-in shower. Three additional generously sized bedrooms reside on this floor, including one with a unique walk-through closet that opens into a massive finished bonus room, alongside a highly functional second-floor laundry room with a utility sink and a full updated bath.
Ascend the staircase--adorned with professionally painted custom murals on every single riser--to discover the ultimate crown jewel of the home: a jaw-dropping third-level entertainment retreat with full bath. Under towering peaked ceilings and sun-drenched skylights, a custom bar centers around a spectacular, custom-built 3D bow of a ship, complete with authentic nautical decor and sliders to exterior balcony to soak in the water views.
The resort-style backyard opens up into an expansive, entertainer's dream. It is meticulously designed with wood grain high-end block pavers, a stunning retaining wall, and a wrought iron fence accented by illuminated stone columns. Dive into the freeform heated saltwater pool featuring a tranquil stone waterfall and spillover spa, or unwind by the gazebo, fire pit area, and pool shed. Upgraded mechanicals include a brand-new A/C unit, a newer well pump, a Rain Soft water filtration system, and a comprehensive professional security system. A true custom masterpiece that must be seen to be believed!
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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.
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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 27, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by Keller Williams Shore Properties | $1,099,000 | |
| Listed by Keller Williams Shore Properties | |||
| Aug 21, 2015 | Sold | ||
| Sold | |||
| Jun 27, 2015 | Listed by IINJ Realty | $599,900 | |
| Listed by IINJ Realty | |||
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A Must See Custom Home with Waterviews Ideal for todays lifestyle. A kitchen with Thermador Professional stainless steel appliances, butler pantry, granite countertops, limestone backsplash with maple and cherry cabinets. Brazilian walnut floors and bamboo wood flooring. fplc, recess lights, decorative molding. Third level with balcony, waterview, skylights, full bath and wet bar!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017