50
Map
385 Colony Drive
About This Property
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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 |
|---|---|---|---|
| Oct 5, 2026 | Listed by The Agency Naples | $12,995,000 | |
| Listed by The Agency Naples | |||
| Apr 12, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 13, 2025 | Price Decreased |
$16,995,000
↓ $2M
(10.5%) | |
| Price Decreased | |||
| Oct 1, 2024 | Listed by The Agency Naples | $18,995,000 | |
| Listed by The Agency Naples | |||
| | |||
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Welcome to 385 Colony Dr, an incredible opportunity to own a magnificent estate home in the prestigious Bay Colony Shores. Spanning nearly 8000 square feet under air on a lot and a half, this home is the epitome of luxury and sophistication. This estate features 4 spacious bedrooms, 2 offices, and 2 gyms, catering to all your lifestyle needs. The chef's kitchen is a dream come true, with dual islands that cater to the most discerning buyers. Whether hosting a grand dinner party or enjoying a quiet family meal, this kitchen is perfectly equipped for all your culinary adventures including a walk in wine room. Car enthusiasts will be thrilled with the expansive garage that can accommodate up to 12 cars, providing ample space for a prized collection. The property also includes a charming 2-bedroom, 2-bath guesthouse attached to the main residence, offering comfort and privacy for guests or extended family. Situated at the end of a cul-de-sac, this estate provides a tranquil and private retreat. The western exposure allows for breathtaking sunsets, creating a picturesque backdrop for evening relaxation or entertaining. The expansive covered lanai features a stunning waterfall edge pool with extraordinary views over the lake, perfect for outdoor gatherings or serene moments of reflection. This is a once-in-a-lifetime opportunity to own a home that combines grandeur, comfort, and unparalleled amenities. Don’t miss your chance to experience the ultimate in luxury living at 385 Colony Dr.
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| Feb 19, 2016 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017