4735 Highway 37 S
About This Property
The main house with manicured gardens and sweeping lawns overlooks the pool and private spring-fed lake which are framed by mature pine, oak and southern magnolia trees. A sunroom opens to the pool terrace with lawns descending gently to the water's edge. The principal suite is ideally located on the first floor and benefits from direct access to the sunroom for morning coffee with a view. A handsome wood-panelled office with built-ins is located at the front of the home. Three bedrooms and two full bathrooms are located on the second floor with one boasting a balcony overlooking the pool and lake. The basement is designed for family fun with a generous game room (or fifth bedroom) and a vintage styled diner and wet bar area. A studio apartment with a private entrance is above the three-car garage and includes a kitchenette, living room, sleeping area and full bath. Throughout the home, thoughtful renovations honour its heritage, preserving original hardwood floors, period fixtures, classic tilework and decorative details that define Longhaven's enduring style.
At the lake, a charming cabin provides an inviting private retreat, complete with an oversized bedroom, bathroom, kitchen, fireplace and large screened-in porch. An additional updated 2 bed 2 bath, single-level guest cottage with an expansive deck and hot tub offers comfortable accommodations for a caretaker, family or friends. Additional estate buildings include a substantial four-bay workshop and horse barn with several fenced pastures.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$2,250,000
↓ $200K
(8.2%) | |
| Price Decreased | |||
| May 23, 2026 | Listed by Dave Perry Miller Real Estate | $2,450,000 | |
| Listed by Dave Perry Miller Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017