500 SOUTHVIEW DRIVE
About This Property
A long driveway creates a sense of arrival and leads to the two-car garage. Inside, the light-filled foyer with vaulted ceiling opens to a comfortable living area before flowing into the heart of the home. The expansive kitchen is designed for gathering, with two generous islands, abundant cabinetry, and extensive counter space providing exceptional room for cooking and entertaining. An adjoining dining area connects seamlessly to the family room, where a fireplace anchors the space and doors open to the waterfront deck. Here, elevated views across the backyard toward the South River create a natural extension of the living space and an inviting backdrop for dining, entertaining, or simply unwinding at the end of the day.
Upstairs, all three bedrooms feature vaulted ceilings and water views. The primary suite is a peaceful retreat with a private waterfront balcony and ensuite bath featuring dual sinks and a spacious walk-in shower with bench. Two additional bedrooms share a well-appointed hall bath with dual sinks. A conveniently located laundry room completes this level.
The walk-out lower level expands the home's versatility with a spacious recreation room, fourth bedroom, full bath, and generous storage. The living area opens to an extensive screened porch overlooking the backyard and water, creating another exceptional space for entertaining and relaxing. Seasonal coverings allow the porch to be enjoyed well into the cooler months.
With multiple outdoor living spaces, a private pier, boat lift, kayak launch, and direct access to the South River, every element invites you to embrace life on the water. A golf cart conveys with the property, making it easy to travel through the neighborhood and down to the water's edge. Whether heading out for a day of boating, launching a kayak, entertaining on the deck, or relaxing on the private balcony, this Port Isle waterfront retreat captures the ease and beauty of the waterfront lifestyle. Welcome Home!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017