5 CHIPPEWAY COURT
About This Property
Inside, porcelain light hardwood tile flooring flows seamlessly throughout, while soaring vaulted ceilings in the main living area enhance the open and airy ambiance. The chef's kitchen is a dream, featuring stainless steel appliances, soft-close cabinetry, granite countertops, and a spacious pantry for effortless storage.
A three-pane sliding glass door fills the living space with natural light, framing stunning views of the pool and canal. The primary suite is a true retreat, boasting tray ceilings, crown molding, and a versatile bonus room-perfect for a home office or private sitting area. Step through a private door to the lanai or unwind in the spa-like en-suite bathroom with dual vanities, dual shower heads, and a granite-topped shower bench.
Outdoor living is unparalleled with a screened-in lanai, heated fiberglass pool, and heated spa-all conveniently controlled via an app. For boating enthusiasts, the private boathouse is equipped with a remote-controlled boat lift, electrical hookups, and running water. With just three turns to the Intracoastal Waterway, this home offers the perfect blend of tranquility and adventure.
Don't miss this rare waterfront gem-schedule your private tour today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Price Decreased |
$739,900
↓ $15K
(2%) | |
| Price Decreased | |||
| Aug 23, 2025 | Price Decreased |
$755,000
↓ $15K
(1.9%) | |
| Price Decreased | |||
| Jun 17, 2025 | Price Decreased |
$769,900
↓ $8K
(1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017