3405 Pinetree ROAD
About This Property
An entertainer's delight, this estate home has both the interior flow and exterior pool patio space to accommodate large gatherings of friends and family. A peaceful three-tiered water fountain creates serenity as you step onto the covered front porch, the perfect place to relax with views of the 13th fairway of Dubsdread Golf Course. Inside, original hardwood floors and a gas fireplace with beautiful vintage blue tile welcome visitors to the formal living room, featuring custom built-in shelves and window shutters. Through the book nook, the formal dining room showcases intricate crown moldings and built-in corner china display cabinets. Off of the dining room, enter the lounge/bar area and access French doors leading to the red brick dining patio and fully fenced backyard.
Off the main hallway, a charming half bath is conveniently located on the way to the chef's kitchen, which includes stainless steel countertops, a professional-grade gas range/oven, a newer Bosch dishwasher, an LG four-door fridge with a craft ice maker, a granite-topped island, and stunning hardwood cabinets. A workspace desk with lit glass upper display cabinets, a wet bar including a separate under counter ice maker, ready for craft cocktails, and a breakfast nook complete this incredible kitchen. Through the butler's pantry, the large downstairs family room is bathed in southern-facing light, featuring its own fireplace and built-in bookshelves flanking each side.
All bedrooms are located upstairs, along with the newly plumbed, wired, and vented laundry room. The oversized primary bedroom has its own elegant wood-burning fireplace, window shutters, ensuite bathroom with shower, and built-in wood cabinetry, with a separate dressing room/closet area off the landing. Two additional bedrooms, one with its own vintage ensuite bathroom, and the large wood-paneled billiard room (which could serve as a 4th bedroom), along with a full hall bathroom, complete the upstairs. A natural gas-heated pool and spa, professional-grade landscaping lights, and newer large outdoor gazebo make this home perfect for entertaining friends and family.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | Price Decreased |
$1,499,000
↓ $151K
(9.2%) | |
| Price Decreased | |||
| Aug 16, 2024 | Listed by KELLER WILLIAMS WINTER PARK | $1,650,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Apr 21, 2020 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017