396 MARSH COVE Drive
About This Property
The chef's kitchen is a dream come true, outfitted with a five-burner gas cooktop, deep farmhouse sink, walk-in pantry, wine fridge, and ample space for cooking and entertaining. A convenient drop zone off the spacious three-car garage includes a sink, freezer, and built-in shelving for exceptional storage. The home offers five bedrooms in total, with one located on the main floor, ideal for guests or a home office, and four more upstairs, including a flex space perfect for a playroom, media room, or gym.
The primary suite is a luxurious retreat, featuring two large custom walk-in closets and a spa-like en suite bath. Every detail of this home has been carefully curated, including built-in surround sound throughout the interior and outdoor living spaces.
Step outside to a true backyard oasis. The resort-style pool, custom-built by SurfSide just three years ago, features a 7x7 360-degree overflow spa, leathered marble decking, heat pump, gas heater, saltwater system and channel drains. A brand-new putting green adds to the fun, while a cabana bath offers convenient access from the pool area.
Additional high-end features include two tankless Rinnai water heaters, dual HVAC systems, and designer finishes throughout. Located in a walkable, well-connected community, this home is just minutes from beautiful beaches, top-tier shopping and dining, premier country clubs, and the world-renowned Mayo Clinic.
This exceptional property blends custom design, luxurious upgrades, and unbeatable location and it won't last long at this price. Schedule your private tour today!
Complimentary Initiation Included to THE YARDS for Pickleball, Tennis & Golf; some restrictions apply & must be activated within 30 days of closing. Cannot be taken off the price.
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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.
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.
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About Palm Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017