4701 Strait Lane
About This Property
Located in the prestigious, gated community of Gates of Prestonwood, this exceptional 5-bedroom, 5.1-bath residence offers a perfect blend of elegance, comfort, and resort-style living. From the moment you enter, you're greeted by refined finishes, rich hardwood flooring, and light-filled living spaces designed for both everyday living and upscale entertaining. A dedicated office-currently styled as a sophisticated whisky room-adds a distinctive, upscale touch and can easily function as a private study or lounge tailored to your lifestyle. The thoughtfully designed floor plan includes a spacious bedroom suite featuring a unique elevated sitting area, along with its own full bath and walk-in closet-ideal for a private guest retreat, multigenerational living, or a flexible space such as a media lounge, fitness room, or creative studio. The gourmet kitchen is beautifully appointed with premium finishes, oversized island, and seamless flow into the main living areas, creating an inviting space for gatherings. The primary suite is a true sanctuary, complemented by a spa-inspired bath, double-shower, and a generous walk-in closet. Each additional bedroom offers its own private bath, providing comfort and privacy for family and guests. Step outside to your own private oasis-complete with a sparkling heated pool and spa, and multiple outdoor living areas designed for entertaining or relaxing in style. Ideally located near major highways, premier shopping, dining, and entertainment, this home offers both luxury and convenience in one of the area's most sought-after communities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 24, 2026 | Listed by TruHome Real Estate | $1,399,000 | |
| Listed by TruHome Real Estate | |||
| Aug 14, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by RE/MAX Town & Country | $999,990 | |
| Listed by RE/MAX Town & Country | |||
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RESORT LIVING IN YOUR CUSTOM DREAM HOME! Pie shaped lot w everything you can imagine. Beautiful hard wood floors, granite in all baths, open floorplan w views of backyard oasis, 3 BR down w 3.1 baths, huge and luxurious study, built-ins everywhere including planning station and mud area. Kitchen is a dream with exotic granite, high-end appliances, built-in fridge, double ovens and tons of storage including beautiful butler's pantry. All bedrooms are split w walk-in closets and private baths. The owner's retreat is spacious w spa bath offering a walk-in shower, garden tub and large walk-in closet. Don't miss the upstairs off the back hall w private stairs leading to the gameroom and upstairs bedrooms w private baths. Attic storage and filter change is easy w walk-in attic access. 3 car split garage w huge motor court! Relax in the secluded backyard with lagoon pool and hot tub while grilling on the built-in grill. Still plenty of grass for more. LIFE IS GOOD in the Gates of Prestonwood!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017