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3480 Weber Road
About This Property
Adding exceptional versatility is the detached pool house, offering endless possibilities as a guest retreat, home office, fitness studio, hobby room, or creative workspace.
With over an acre of land, a detached bonus building, modern renovations, and a prime Malabar location, this property delivers a lifestyle that's increasingly difficult to find. Whether you're looking for room to spread out, entertain, work from home, or simply enjoy peaceful country living with modern conveniences nearby, this exceptional property is ready to welcome you home.
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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 |
|---|---|---|---|
| Sep 6, 2026 | Relisted | $539,000 | |
| Relisted | |||
| Sep 2, 2026 | Price Decreased |
$539,000
↓ $11K
(2%) | |
| Price Decreased | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by Waterman Real Estate Inc. | $550,000 | |
| Listed by Waterman Real Estate Inc. | |||
| Dec 29, 2021 | Sold | ||
| Sold | |||
Property Highlights
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About Melbourne Heights
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$1,300 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017