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4506 Crestway DR
About This Property
A brick wood-burning fireplace further enhances the living space, creating a warm and inviting atmosphere. The flat roof, red wood ceilings and walls of glass in the main living area provide expansive views of the lush landscaping and the custom-designed pool. Significant updates have been made by the current owners, enhancing the home's timeless design with contemporary finishes. Notable upgrades include Venetian plaster walls, recent cork flooring, and a gourmet kitchen featuring custom cabinetry, a SubZero refrigerator, and a 48" Bluestar range. The kitchen is designed for both function and style.
The updated primary suite features red wood wood accents, spa-like bathroom with soaking tub and floating wall closet. The floor to ceiling windows and doors create a glass box cantilevered over the yard below.
The second living room features brick floors and is complemented by a half bath. Perfect for home office or 4th bedroom. The space overlooks the beautifully manicured grounds, further enhancing the connection to nature.
The outdoor living spaces, designed by Root Design, create a serene, park-like atmosphere with mature trees. The terraced lot is elevated, providing privacy and stunning vistas, while the custom pool serves as a focal point. The landscape lighting evokes resort like vibes at night.
The two car carport provides protected parking far from the street. Large storage closets flank each side. The carport is connected to the main structure via a covered walkway.
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Cap Rate Calculator
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 24, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by The Marye Company | $2,750,000 | |
| Listed by The Marye Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017