4 Bay Hill Road
About This Property
Spanning more than 2,700 square feet on a single level, the layout gives real room to move. Three bedrooms and two full baths anchor the home, and an additional office or flex room converts easily into a fourth bedroom for whoever needs the space. A paver driveway leads in past manicured landscaping, and the fully fenced backyard offers privacy that established neighborhoods like this one rarely give up.
The bones are ready. A brand new roof and new Roth double-wall oil tanks mean the expensive work is already done, along with a security system and a private elevator that reaches both the garage and the lower level. In the colder months, when the trees along the block lose their leaves, a seasonal water view of Sandy Hook Bay opens up from the backyard deck. The setting delivers on location too: minutes from NJ Transit, the Garden State Parkway, downtown Red Bank, and the beaches at Sandy Hook and Sea Bright. The Seastreak fast ferry into NYC over in Atlantic Highlands is right up the road. It sits within the Middletown Township school district, served by Navesink Elementary, Bayshore Middle School, and Middletown High School South.
This is the kind of home a family keeps for a lifetime and then hands to the next one, well loved and full of potential. The residence represents a rare foundation for the next family ready to make it their own.
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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 16, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 17, 2026 | Listed by EXP Realty | $975,000 | |
| Listed by EXP Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017