5 SKYFIELD DRIVE
About This Property
The heart of the home is the stunning chef's kitchen featuring a massive quartz center island, custom cabinetry, Viking stainless steel appliances, and abundant prep and gathering space. The current owners enhanced the space with elegant Rejuvenation light fixtures over the island and an Arhaus chandelier in the dining room, adding warmth and character throughout the main living areas. Refinished oak hardwood floors, crown molding, and a soft neutral palette create a clean and timeless feel across the home.
The flexible floor plan offers multiple living and gathering spaces, including a bright and sunny living room with a large bay window overlooking the front yard that flows seamlessly into a spacious dining room, and the bold and moodily painted family room with a wood-burning fireplace that's works perfectly as a home office and sitting room, or additional lounge space.
A standout feature of the home is the expansive first-floor primary suite, offering two large closets and a beautifully renovated spa-like bathroom with an oversized multi-head shower, frameless glass enclosure, double vanity with quartz countertops, LED defogging mirrors, and Bluetooth-enabled exhaust fans found throughout the bathrooms. Upstairs, a second private primary suite offers its own luxurious full bath and walk-in closet, in addition to three more generously sized bedrooms and another full bathroom. Several of the main level closets, including in the primary bedroom, have been outfitted with custom closet built-ins.
The mudroom and laundry area just off the kitchen have also been beautifully upgraded by the current owners with black marble hexagon tile flooring and designer Sandberg wallpaper, adding personality and style to an often-overlooked space.
Outside, the property continues to impress with a custom hardscaped patio, built-in firepit, sprawling yard, newer asphalt driveway, side-entry two-car garage, covered front porch, and updated landscaping. Major improvements completed during the previous renovation ( 2023) include a 30-year GAF Timberline roof, newer siding, and a new septic system. The home also features 2-zone HVAC, including a newer dedicated system for the main level primary suite, offering added comfort and efficiency. A partial basement provides valuable additional storage space, and the crawl space was professionally upgraded with a vapor barrier for added peace of mind.
Located just minutes from downtown Princeton, shopping, dining, parks, nature trails, and the train station for convenient commuting to NYC, this home offers the perfect combination of thoughtful updates, flexible living space, and timeless design.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by Smires & Associates | $1,150,000 | |
| Listed by Smires & Associates | |||
| Nov 27, 2022 | No longer available | - | |
| No longer available | |||
| Oct 30, 2022 | Price Decreased |
$897,900
↓ $27K
(2.9%) | |
| Price Decreased | |||
Property Highlights
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017