40512 Corte De Opalo
About This Property
The home features a thoughtfully designed NextGen-style addition, providing a private wing ideal for multi-generational living, long-term guests, or a premium home office suite. The grand entrance makes a stunning first impression, opening into a formal living room anchored by soaring cathedral ceilings. The heart of the home boasts a fully upgraded gourmet kitchen and meticulously remodeled bathrooms. Retreat to the spacious master suite, featuring a private upstairs patio with sweeping territorial views.
The backyard is an entertainer's paradise and a hobbyist's dream, featuring a sparkling pool and spa, a garden tool shed, and a truly unique custom observatory with a removable roof for professional-grade stargazing. Additional highlights include a 3-car garage with finished floors and unparalleled privacy. This is a one-of-a-kind estate that combines sustainable living with high-end custom features.
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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 |
|---|---|---|---|
| Jun 22, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Price Decreased |
$929,900
↓ $19K
(2%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by The Agency | $949,000 | |
| Listed by The Agency | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017