4808 SALTMARSH ROAD
About This Property
Welcome to Saltmarsh, an extraordinary 8.5-acre estate where luxury, privacy, and coastal beauty converge. With 5 bedrooms (plus a bonus room that could be considered a 6th) and 3 full bathrooms, this property effortlessly transitions between an exceptional full-time residence and the ultimate weekend retreat for unforgettable gatherings with friends and family.
Spanning over 5,000 square feet, the home is thoughtfully designed to maximize both space and scenery, with walls of windows that flood the interior with natural light and showcase those sweeping bay views from nearly every room. The main level is nothing short of an entertainer's masterpiece-an open-concept layout anchored by a stunning great room, seamlessly flowing into a chef's gourmet kitchen and sun-drenched sunroom on one side, while the opposite wing reveals a full-scale game room complete with a pool table and custom bar built for hosting on any scale.
Step outside and the experience only gets better. Multiple expansive decks offer the perfect setting for everything from quiet mornings to lively evenings, all framed by panoramic water views. At the private dock, every detail has been accounted for-featuring water and electric, two jet ski lifts, and a 10,000-pound boat lift-creating a true waterfront playground.
The oversized 3-bay garage provides ample space for all your water toys, equipment, and more-because a property like this is meant to be enjoyed without compromise.
Offered fully furnished, Saltmarsh is completely turnkey-allowing you to step right into an effortless, elevated coastal lifestyle from day one.
This is not just a home-it's a statement.
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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 1, 2026 | Price Decreased |
$1,250,000
↓ $150K
(10.7%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$1,399,999
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Coldwell Banker Realty | $1,499,999 | |
| Listed by Coldwell Banker Realty | |||
| Aug 5, 2020 | No longer available | - | |
| No longer available | |||
| Mar 16, 2020 | Listed | $949,900 | |
| Listed | |||
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Once you open the front door, the view will take your breath away! Westerly views from just about every room in the house overlooking Madison Bay. Enjoy this home as a full time residence or a weekend compound for friends and family. Saltmarsh offers 5 bedrooms and 3 full bathrooms and is situate on 8.5 acres. Enjoy evening cocktails and a fabulous sunset from one of several decks. Plenty of room in the 3 bay garage for all of your water toys. Water, electric, 2 jet-ski lifts & 10k pound boat lift complete the dock. The main level is an entertainers dream, with an open floor plan that includes the great room flanked by a spacious gourmet kitchen & sun room on one side and a large game room with pool table and bar on the other side. Over 5,000 square feet of awesomeness that you must see to appreciate! Property being sold furnished. The manager has listed the unit size as 5087 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017