421 20th AVENUE
About This Property
The home boasts 5 bedrooms and 5 full baths and is 3,846 sq feet. The exquisite amenities include a stunning salt -water pool and spill-over spa perfect for entertaining guests. The backyard space covered in beautiful travertine also boasts a covered outdoor kitchen with a 42- inch natural gas grill, a built -in fire pit and outdoor entertainment center with a high end 75 inch full sunTV. Imagine sitting in your pool and watching your favorite show from your pool float, drink in hand! Just past the walk -in pool and through the seawall fence you will find a large composite deck with plenty of room for your beach equipment, a platform that can hold 2 jet-skis and a separate 20,000 lb boat lift.
The home showcases impeccable craftsmanship and attention to detail. As soon as you walk into the custom-made double front doors and into the expansive foyer you can see that no expense has been spared. This beautiful entryway has views of the intracoastal water way and leads into the modern chef's kitchen, with granite countertops, a gas range, double refrigerator and brand-new ice machine and wine cooler. The open concept kitchen and dining area also has a fireplace for those nights you want to watch the sun go down while making dinner for the family. There are 3 large bedrooms on the main floor, one of which was used as a home gym where a jacuzzi tub was installed for the ultimate cool down after a hard work out. The floor to ceiling sliders seamlessly blends the indoor and outdoor living spaces and can be left open to enjoy the salty sea breeze from the Gulf of Mexico.
Convenient amenities include: a pool shower and bathroom just steps from your outdoor private oasis. The state-of-the-art laundry room connected to the pool bath and 2-car garage ensures that the rest of your home remains sand and water free while going back and forth from the beach to the pool. Speaking of, the beach is only a short walk, bike, or golf cart ride away. You truly have the best of both worlds!
Ascend to the Master bedroom where panoramic vistas await. Step through the elegant French doors onto your balcony commanding views of the pool and sparkling waterway. A convenient spiral staircase grants easy access to the pool day or night. Within the en-suite a dual fireplace connects the large jacuzzi tub to the master suite, complemented by his and her vanities and a generous shower with dual heads and a linen closet. Adjacent to the fireplace lies a cozy lounge area and an in-room bar for your coffee or cocktails alongside a very large walk in closet. Additionally, a guest bedroom and bath are on this level ensuring comfort and convenience for visitors.
Perhaps one of the most stunning features of this home is the 3rdfloor. This literally elevated home office, gym or even an art studio is surrounded by windows and French doors that open to yet another private balcony and the most spectacular views of the island- Everything in this house has been meticulously thought out so all you have to do is move in!
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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 |
|---|---|---|---|
| Feb 7, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Price Decreased |
$2,799,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Aug 24, 2024 | Price Decreased |
$2,899,000
↓ $375K
(11.5%) | |
| Price Decreased | |||
| Aug 4, 2024 | Price Decreased |
$3,274,000
↓ $100K
(3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017