64
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406 Mariner Drive
About This Property
Required golf membership purchase conveys all the first class amenities of Admirals Cove including two spectacular clubhouses, 45 holes of golf, 5 restaurants, 58 slip marina with floating docks, Yacht Club, 10 har tru tennis courts, 8 pickleball courts, state of the art fitness and wellness center with Technogym machines, 21,000 sq ft brand new spa & salon, Covesters kids club and Platinum service.
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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 31, 2024 | Sold | ||
| Sold | |||
| Oct 3, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | Price Decreased |
$8,350,000
↓ $300K
(3.5%) | |
| Price Decreased | |||
| Aug 21, 2024 | Listed | $8,650,000 | |
| Listed | |||
| | |||
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Step into this elegant, timeless, and ultra-private waterfront estate, a masterpiece of design and luxury. Completely reimagined in 2007, this residence is perfect for both indoor and outdoor entertaining. The estate features 5 spacious bedrooms and 6.2 luxurious baths, offering the ultimate in comfort and style. As you pass through the wrought iron gate, you're welcomed into a sophisticated, resort-style oasis. The pool and patio area, designed for relaxation, are surrounded by serene sights and sounds that make everyday living feel like a retreat. Inside, custom details abound, from the updated kitchen, which opens to the family room, to the chef's dream appliances, including a large gas range, double refrigerator/freezer, and a butler's pantry complete with
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| Jul 8, 2024 | No longer available | - | |
| No longer available | |||
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About Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017