3588 PRESERVE Lane
About This Property
The gorgeous, secluded master suite begins with a private vestibule. French doors connect the relaxing bedroom to a large private sitting room with windows on 3 sides, which could also serve as an office, project room/studio, or additional sleeping quarters for those who prefer separate rooms. An invitation to elegance, the spa-like master bath features a gold leaf tile shower and stone bathtub, separate vanities with mirrored doors, and lots of marble. The master closet seems to go on forever! An additional bedroom suite near the front of the home has doors to both the front and the side courtyard, allowing it to become an office or suite for extended family/guests with separate entrance. The upstairs bedroom suite could become a media room/game room if desired. The first floor study with built-in bookcases, desk, and window seat currently makes a fabulous library, but could also be adapted as a 4th bedroom.
The living room opens to a large custom veranda with cypress-wrapped columns that lead to a salt-filtered gunnite pool featuring a giant clam shell fountain and glass-reflecting wall. In addition to the 3 courtyards, the exterior/landscape design includes a lawn area, stone pathways, a small gated pet area, wooden privacy fence, custom rose lattice, newly upgraded irrigation system, and numerous other unique details. The garage, which is heated and cooled via its own Mitsubishi system, has room to park 2 cars plus a golf cart and 2 storage areas. Outside, the large motor court has room for additional vehicles. The home sits on a quiet cul-de-sac, facing the fairway, surrounded by native foliage. A masterpiece of craftsmanship and design, this beautiful home is the perfect setting for those looking for both elegance and serenity! *The garage is heated & cooled, which square footage would be in addition to the figure published above.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017