461 Lake Murex Circle
About This Property
As you arrive, a pavered driveway leads to garage doors on either side of the grand staircase with Trex decking. Every detail is thoughtfully executed, from the elegant tile roof and corbel-accented soffits to the expansive front porch spanning the width of the home. The exterior is enhanced with recessed LED lighting, tongue-and-groove ceilings, and arched windows, all complementing the intricate wooden front door with stained-glass bird sidelights. Step inside, and you're greeted by soaring 12-ft ceilings, arched doorways, 9-ft doors, and high-end LVP flooring. The family room, kitchen, and dining area are seamlessly connected, featuring beamed ceilings that perfectly coordinate with the custom cabinetry. The kitchen boasts solid wood cabinetry, a 9-ft island, quartz countertops, hammered metal pendant lighting, touchless stainless appliances, and a gourmet vent hood surround with a stack stone look tile backsplash. A hidden walk-in pantry is a must see! The open layout makes entertaining effortless, with the spacious dining area flowing into the grand family room, where a stacked-stone accent wall with an electric fireplace creates an inviting ambiance. The 9-ft pocketing sliders fully retract, blending indoor and outdoor living. Step onto the expansive back deck, where tongue-and-groove ceilings, Trex decking, built-in speakers, recessed LED lighting, ceiling fans, and an outdoor kitchen await. With northern exposure, overlooking the spa and pool with a serene water feature. The lake views and nearby rookery provide the perfect backdrop for birdwatching and relaxation. The main level also offers a spacious laundry room with white shaker cabinets, granite countertops, and a large sink for convenience. Two additional bedrooms are located on this level, one with an ensuite bath and another currently used as a den, plus a guest half-bath and a dedicated office space. The home is prepped for an elevator addition if desired. Ascending the staircase, take in the exquisite, beamed ceilings and stunning chandelier. The upper level is home to the luxurious primary suite, featuring a private deck, spa-like bathroom with a walk-in shower and multiple showerheads, a freestanding tub, a double vanity with granite countertops, and a generous walk-in closet. Another ensuite bedroom on this level features designer wallpaper and a beautifully tiled tub/shower combination. The oversized garage provides abundant storage. A built-in transfer switch is ready for future generator installation, with a pedestal already in place. This home is an architectural masterpiece-schedule your private tour today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017