40088 Walcott Lane
About This Property
As you enter the home, you are welcomed by soaring 10-foot ceilings, a fabulous dining area, and an expansive oversized great room designed with an open-concept layout that seamlessly blends comfort and elegance. Center stage in the great room is a massive statement fireplace, creating a stunning focal point and the perfect gathering space for relaxing or entertaining. Natural light pours throughout the home, enhancing the warm yet sophisticated atmosphere.
The stunning bright white chef's kitchen is truly the heart of the home, featuring custom cabinetry, premium finishes, an oversized center island, and a spacious walk-in pantry designed for effortless entertaining and everyday functionality.
The luxurious primary suite is a true private retreat, complete with direct access to the covered California Room patio and serene vineyard views. The spa-inspired primary bath features an oversized walk-in shower, soaking tub, and expansive walk-in closet, creating the perfect sanctuary to relax and unwind.
Thoughtfully designed for both comfort and privacy, the home also includes a separate front bedroom with its own private bathroom - ideal for guests, a home office, or multigenerational living. Additional bedrooms are situated down the hall from the primary suite and feature their own bonus gathering area, offering flexible living space for family, work, or play. Abundant storage throughout the home adds convenience and functionality to the elegant design.
Beyond the residence, the property continues to impress with multiple sheds, including two equipped with air conditioning, providing ideal spaces for hobbies, workshops, creative studios, or additional storage.
This extraordinary Wine Country estate offers the rare opportunity to enjoy modern luxury living surrounded by your own private vineyard oasis.
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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 26, 2026 | Price Decreased |
$1,649,000
↓ $51K
(3%) | |
| Price Decreased | |||
| Sep 25, 2026 | Price Decreased |
$1,700,000
↓ $45K
(2.6%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$1,745,000
↓ $155K
(8.2%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$1,900,000
↓ $45K
(2.3%) | |
| Price Decreased | |||
| May 31, 2026 | Listed by Century 21 Masters | $1,945,000 | |
| Listed by Century 21 Masters | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017