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5 Michaels Way
About This Property
Adjacent to the kitchen, the spacious dining area flows seamlessly into a welcoming living room with a cozy fireplace and panoramic views of the beautiful yard. Step outside to discover a private oasis, complete with a swimming pool, an outdoor kitchen, and ample seating areas, ideal for summer gatherings or quiet evenings.
Each of the seven bedrooms is generously sized, offering plenty of space, with each including a full bathroom. The primary suite is a true retreat, featuring a luxurious en-suite bathroom and two large custom closets.
Located just moments from the vibrant town center, you'll have quick access to boutique shops, fine dining, and vibrant local events. Enjoy the best of both worlds with world-class golf courses nearby and pristine beaches just a short trip away, making this home not only a beautiful residence but also a perfect gateway to the ultimate beach lifestyle. Don't miss this rare opportunity to own a slice of paradise in Westhampton Beach!
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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 |
|---|---|---|---|
| Oct 28, 2026 | Sold | ||
| Sold | |||
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Listed by Corcoran | $8,500,000 | |
| Listed by Corcoran | |||
| Jan 20, 2025 | No longer available | - | |
| No longer available | |||
| Mar 24, 2024 | Listed by Douglas Elliman Real Estate | $7,650,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to the paragon of luxury estate living at 5 Michaels Way, Westhampton Beach. This stunning new construction is nestled in the heart of the Village on a private road and will feature an impressive array of 7 generous bedrooms, 9 and a half bathrooms, and a 3-car garage. The opulent 1.3-acre residence will span over 9,000 square feet plus an additional 4,000 square feet of unfinished basement. The primary level features a sprawling open floor plan that includes a private primary wing complete with its own fireplace sitting room, walk-in closet, and covered porch. This level continues to impress, showcasing an open living room, captivating fireplace, dedicated laundry room, en-suite den, en-suite office, and a full unparalleled gourmet chef's kitchen featuring a spacious island, exceptional walk-in wine display, high-end appliances, and custom millwork. Ascend the stunning staircase to the second level where you will find 6 additional en-suite bedrooms as well as a centralized sitting room with seamless access to the balcony. To complete this Hamptons Estate, outside you will be pleased to find a custom-built outdoor kitchen and fireplace as well as a Gunite pool, pool house, and outdoor shower. This home is not just a residence but a beacon of architectural brilliance and sophisticated living, perfect for both grand entertaining and serene private moments. Experience the zenith of luxury estate living with world-famous ocean beaches, marinas, boutiques, restaurants, performing arts centers, and golf all close at hand., Additional information: Interior Features:Guest Quarters,Lr/Dr
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017