Lot 35 String Lily Cove
About This Property
Located in a non-rental friendly section of WaterColor, residents enjoy a quieter, more residential environment no weekly turnover, just neighbors and community. A large nearby neighborhood pool and green space offer additional room to gather, unwind, or play.
Construction begins at contract.
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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 28, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Listed by Berkshire Hathaway HomeServices | $4,597,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Nov 18, 2025 | Listed | $4,495,000 | |
| Listed | |||
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Introducing Lot 35, an exceptional new construction offering in the highly coveted Phase V of WaterColor. Set on a premier homesite along String Lily Cove, this custom residence delivers rare privacy while placing you moments from the WaterColor Beach Club, multiple resort-style pools, and the iconic sugar-white sands of 30A.
Encompassing 4,000+ sq ft of refined living space, the three-story design features 4 bedrooms, 4 full baths, 2 half baths, a dramatic great room with exposed beams, and expansive indoor-outdoor living. A private infinity-edge pool with fire bowls, lower-level custom fire pit, and fully equipped outdoor kitchen with dining area create a true resort experience at home. Crafted by Borges Brooks Builders and offered fully-furnished and designed by the renowned team at Kalon Home, the result is exceptional details around every corner. The second level hosts a luxurious primary suite with a spa-inspired bathroom, oversized walk-in closet, and private balcony overlooking the pool. This floor also includes an office and a covered walkover connecting to the carriage house suite with its own full bath. The third floor offers two additional guest suites, 2.5 baths, and a generous bonus living area. A private elevator services all levels for ultimate convenience. Exterior cedar siding elevates the home's timeless coastal aesthetic.
Located in a non-rental friendly section of WaterColor, residents enjoy a quieter, more residential environmentno weekly turnover, just neighbors and community. A large nearby neighborhood pool and green space offer additional room to gather, unwind, or play.
Estimated completion: Fall 2026.
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| Apr 25, 2025 | Listed | $4,495,000 | |
| Listed | |||
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Introducing an extraordinary new construction opportunity in the sought-after Phase 5 of WaterColor. Situated on a premier homesite, this custom-designed residence is thoughtfully positioned for ultimate privacy while remaining within close proximity to the WaterColor Beach Club, resort-style pools, and 30A's renowned sugar-white sand beaches. With over 4,000 square feet of expertly crafted living space, this three-story home offers 4 bedrooms, 4 full baths, 2 half baths, a massive great room with exposed beams, and seamless indoor-outdoor living anchored by a stunning private infinity-edge pool with fire bowls, a custom fire pit below, and a spacious outdoor kitchen and dining area for entertaining. Built by Borges Brooks Builders, the level of craftsmanship and attention to detail is truly second to none. The second floor features a grand primary suite with direct access to a private rear balcony overlooking the pool, a luxurious spa-like bathroom, and an expansive walk-in closet. The second floor also includes an office and a walkover to the carriage house bedroom with full bath. The third floor offers two additional bedrooms, 2.5 baths, and a spacious bonus living area. A private elevator services all levels. Exterior cedar siding enhances the home's natural aesthetic. Located in a non-rental friendly section of WaterColor, this home offers peace, quiet, and a true neighborhood feelno weekly rental turnarounds, just neighbors. Nearby, enjoy the large community pool and green spaceperfect for gatherings or relaxation. Estimated completion: Summer 2026.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017