436 Cannonball Lane #LOT3
About This Property
This stunning new home built by Dune Construction features the Watchtower floor plan, a stately residence with coastal-style architecture and premium finishes culminating in a third floor viewing tower that overlooks the Greenway neighborhood and Origins Golf Course. A spacious 2-story, 4 bedroom, 4.5 bathroom layout, this home hosts a fabulous, open-concept great room, kitchen, and dining room. Interior features include wire-brushed hardwood floors, wood ceiling beams in the great room and primary bedroom, 10' ceilings throughout, solid core interior doors throughout, Venetian plaster gas fireplace in the great room, a large, fully-equipped kitchen with Thermador appliances and quartz countertops, marble bathroom and laundry countertops, and more. From the front entry, a dedicated foyer leads to the wide open great room and luxurious kitchen, with an adjacent dining room surrounded by natural light. Around the corner from the kitchen is a large scullery with additional sink, microwave, and plenty of cabinetry. The first floor primary suite is a serene retreat complete with two closets, dual vanities, and a tiled walk-in shower centered with a freestanding soaker tub. An expansive outdoor living space includes nearly 1,000 square feet of covered porches plus a private pool and cabana package with fireplace. The second floor holds 3 additional bedrooms, each with their own bathrooms.
The Watersound Origins community is a highly sought after neighborhood full of amenities including the Village Commons pool & fitness center, sports courts, miles of nature trails, dock access to Lake Powell, unlimited golf and much more.
**Pricing for inventory homes include lot premiums and may include optional upgrades. Added options/upgrades and pricing are subject to change. Please check with your Watersound Origins community specialist for the latest upgrades and pricing for this home. Photos depict a different floor plan from Dune Construction but with similar finishes.
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jul 20, 2024 | Listed by Berkshire Hathaway HomeServices | $2,950,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017