461 16th Avenue S
About This Property
celebrates refined craftsmanship: exquisite wood feature walls, custom pecky cypress accents, and beams handcrafted from 500-year-old heartpine. Throughout, wide-plank Legno Bastone oak flooring is elevated by hand-set sea glass tile inlays, while the entryway and walkways showcase individual sea glass tiles encased in marble, adding a luxurious touch. Ideal for entertaining, the great room seamlessly balances
grand open spaces with cozy, intimate corners. The adjacent lanai opens directly off the chef's kitchen, perfect for indoor-outdoor dining.
Outside, a two-level spa and an infinity-edge glass-tiled pool blend harmoniously with the lanai, creating an effortless transition between indoor and outdoor living. Built with the tropics in mind, the home is wrapped in a premium German-engineered insulation system for exceptional climate comfort and sustained zero storm damage. This estate embodies luxury, resilience, and timeless elegance
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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.
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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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Jan 3, 2026 | In contract | - | |
| In contract | |||
| Nov 16, 2025 | Listed by Luxury Real Estate LLC | $7,490,000 | |
| Listed by Luxury Real Estate LLC | |||
| Apr 6, 2025 | No longer available | - | |
| No longer available | |||
| Nov 14, 2024 | Listed by Luxury Real Estate LLC | $8,900,000 | |
| Listed by Luxury Real Estate LLC | |||
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This remarkable contemporary beach home, located on a serene, exclusive street, is just a four-minute stroll from the pristine shoreline and the upscale dining and boutiques of 3rd Street. Designed by renowned architect Matt Kragh of MHK, this masterpiece boasts a canal-front setting complete with a notched boat dock and a 12,000 lb. low-profile lift, offering a swift 15-minute ride to Gordon Pass.
Every detail of this home celebrates refined craftsmanship: exquisite wood feature walls, custom pecky cypress accents, and beams handcrafted from 500-year-old heart pine. Throughout, wide-plank Legno Bastone oak flooring is elevated by hand-set sea glass tile inlays, while the entryway and walkways showcase individual sea glass tiles encased in marble, adding a luxurious touch.
Ideal for entertaining, the great room seamlessly balances grand open spaces with cozy, intimate corners. The adjacent lanai opens directly off the chef's kitchen, perfect for indoor-outdoor dining. Outside, a two-level spa and an infinity-edge glass-tiled pool blend harmoniously with the lanai, creating an effortless transition between indoor and outdoor living. Built with the tropics in mind, the home is wrapped in a premium German-engineered insulation system for exceptional climate comfort and sustained zero storm damage. This estate embodies luxury, resilience, and timeless elegance.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017