442 PALISADE Drive
About This Property
Inside, refined details shine throughout, including a private home office with custom built in cabinetry, plantation shutters on the first floor, and a stunning living room with soaring 21-foot ceilings filled with natural light. The gourmet kitchen is designed to impress with premium appliances, upscale finishes, abundant cabinetry, and a butler's pantry complete with a wine refrigerator--perfect for entertaining.
An oversized screened in porch features a summer kitchen with natural gas hookup, while the backyard oasis offers custom pavers, a Hot Springs hot tub with Bluetooth audio, and a wood burning fire pit overlooking serene water and preserve views. Enjoy unforgettable sunsets and peaceful, star filled nights.
Additional highlights include a charming front porch with swing, a paver driveway for six vehicles, and a three-car garage. Residents enjoy world class Shearwater amenities, with pickleball coming in 2026, and top-rated schools including Trout Creek Academy (K-8) and Beachside High School.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017