501 Monument Road
About This Property
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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.
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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 |
|---|---|---|---|
| Jun 26, 2025 | Listed | $1,875,000 | |
| Listed | |||
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Welcome to this Remarkable Water View Oasis with Luxurious Amenities - featuring 5 bedrooms, 4.5 bathrooms, and over 7,200 square feet of expertly crafted living space. Perfectly positioned in a serene waterfront setting, this home offers a lifestyle of comfort, elegance, and sophistication, with an array of high-end features and upgrades throughout.
From the moment you arrive, the paver block driveway and mature landscaping set the tone for the luxury inside. Step into the two-story foyer with a gorgeous, coffered ceiling, where natural light pours in and hardwood and slate flooring, along with recessed lighting, create a sophisticated ambiance throughout the home. The sunken living room is a true showpiece - featuring breathtaking water views, clerestory windows, soaring 30-foot coffered ceilings, a grand limestone floor-to-ceiling gas fireplace, and solid maple wall paneling that exudes custom craftsmanship and timeless appeal.
The eat-in kitchen boasts top-of-the-line appliances, including a Thermador 6-burner stove with warming tray and griddle, Sub-Zero refrigerator, Miele dishwasher, and Advantium microwave. Additional highlights include a center island with a raised breakfast bar, two sinks, granite countertops, trash compactor, modern cabinetry, and a cozy breakfast nook. The kitchen overlooks the living room and flows seamlessly into the oversized sunroom ideal as a spacious dining area or additional living space - complete with its own Sanyo heat and A/C unit.
Also on the first floor is a formal dining room with inlaid mahogany flooring, a guest bedroom with full bathroom, a laundry room equipped with both a fridge and freezer, and a private home office/library featuring a hidden bookshelf door that reveals a secret staircase leading to the finished basement.
Upstairs, a grand catwalk balcony and 9-foot ceilings provide a continued sense of luxury. The primary suite is a tranquil retreat, featuring a tray ceiling, custom built-ins, California-style walk-in closets, and a private balcony overlooking the water. The spa-inspired en-suite bathroom includes a 12-jet walk-in shower, both wet and dry saunas, radiant heated floors, dual sinks, private water closet, a dedicated 20-gallon instant hot water heater, and a custom mosaic inverted ceiling dome for added flair. The second floor includes three additional bedrooms and a large full bathroom - all while offering stunning water views from multiple vantage points throughout the home.
The fully finished walkout basement is an entertainer's dream, with a spacious rec room, another gas fireplace, sliding doors to a covered patio with hot tub, a guest bedroom and full bathroom, a thermostatically controlled wine cellar, and a versatile bonus room that can be customized to suit your needs.
Step outside into your personal paradise: a beautifully landscaped backyard with an in-ground gunite Blue Haven pool featuring a cascading waterfall and slide. Full-length balconies span the home, offering panoramic water views and fresh coastal breezes. The granite paver patio and surrounding deck are perfect for alfresco dining, sunbathing, or unwinding by the fire pit.
Additional highlights include 4-zone central air, 5-zone baseboard heat, insulated windows, a finished 2-car garage with GarageTek system, 12-zone underground sprinkler system, and a newer pool heater, sound system, and A/C unit.
Just steps from the beach, this extraordinary home offers the rare blend of peaceful waterfront living and close proximity to vibrant coastal amenities.
Don't miss your chance to own this one-of-a-kind luxury retreat. Schedule your private showing today and experience coastal living at its finest!
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| Jun 25, 2024 | Price Decreased |
$1,999,000
↓ $301K
(13.1%) | |
| Price Decreased | |||
| May 22, 2024 | Listed | $2,300,000 | |
| Listed | |||
| | |||
|
Amazing Water view Oasis with Luxurious Amenities! Welcome to this remarkable 5-bedroom, 4.1-bathroom sanctuary, perfectly situated in a serene waterfront location. With a sprawling 5,000+ square feet of living space, this extraordinary home offers a plethora of high-end features and upgrades, ensuring a lifestyle of unparalleled luxury. Upon arrival, you'll be greeted by a beautifully designed pavered driveway, setting the tone for the elegance and sophistication that awaits. As you step through the tiled foyer, you'll be bathed in natural light that fills the home, accentuating its grandeur. Recessed lighting throughout further enhances the elegant atmosphere, allowing you to create the perfect ambiance for any occasion Step inside and prepare to be amazed by the sunken living room, boasting breathtaking water views that create a tranquil and picturesque ambiance. This inviting space is perfect for unwinding or hosting.
Indulge your culinary desires in the gourmet eat-in kitchen, equipped with top-of-the-line appliances that will delight even the most discerning chefs. The seamless blend of style and functionality is sure to inspire memorable meals and entertaining experiences. Convenience and flexibility are paramount, with a first-floor bedroom and bathroom offering versatile living options.
The private library, a space designed for quiet contemplation or as a sophisticated home office. Discover a world of literature or work in solitude while enjoying the serenity of your surroundings. A hidden bookshelf door to a staircase will lead you to the basement.
Upstairs, you'll find four generously-sized bedrooms, each thoughtfully designed to provide comfort and tranquility. The primary suite is a true oasis, featuring walk in closets and a balcony with undisturbed views. The Bathroom: A large walk-in shower and a separate wet and dry sauna, providing the ultimate spa-like experience within the comforts of your home. Marvel at the mesmerizing water views from various vantage points throughout the house, enhancing the overall sense of tranquility and serenity.
The full finished walkout basement is an entertainer's dream, providing ample open space for recreation and relaxation. Complete with an additional bedroom, bathroom, and a versatile miscellaneous room, this lower level offers endless possibilities to tailor the space to your unique needs and desires.
Escape to your own personal paradise in the backyard, where an inground pool with a cascading waterfall and slide awaits. Lounge by the poolside, soak up the sun, and create lasting memories with family and friends. The full-length balconies spanning the home provide the perfect setting to enjoy the breathtaking water views and gentle coastal breezes. The deck and pavers surrounding the pool area create a seamless outdoor living space, ideal for alfresco dining or lounging by the fire pit on cool evenings. And for the ultimate in relaxation, a hot tub beckons, offering pure indulgence and rejuvenation.
Conveniently located just steps from the beach, this home offers the best of both worlds - a private retreat nestled in such a haven, yet close to the vibrant coastal lifestyle.
Don't miss this extraordinary opportunity to own a slice of paradise. Schedule you're showing today and discover the unrivaled luxury and tranquility that awaits you in this gem!
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| Feb 11, 2024 | No longer available | - | |
| No longer available | |||
| Nov 8, 2023 | Listed by Keypoint Realty | $1,999,000 | |
| Listed by Keypoint Realty | |||
| | |||
|
Exquisite Water view Oasis with Luxurious Amenities Welcome to this remarkable 5-bedroom, 4.1-bathroom sanctuary, perfectly situated in a serene waterfront location. With a sprawling 5,000+ square feet of living space, this extraordinary home offers a plethora of high-end features and upgrades, ensuring a lifestyle of unparalleled luxury. Upon arrival, you'll be greeted by a beautifully designed pavered driveway, setting the tone for the elegance and sophistication that awaits. As you step through the tiled foyer, you'll be bathed in natural light that fills the home, accentuating its grandeur. Recessed lighting throughout further enhances the elegant atmosphere, allowing you to create the perfect ambiance for any occasion. Step inside and prepare to be amazed by the sunken living room, boasting breathtaking water views that create a tranquil and picturesque ambiance. This inviting space is perfect for unwinding or hosting.
Indulge your culinary desires in the gourmet eat-in kitchen, equipped with top-of-the-line appliances that will delight even the most discerning chefs. The seamless blend of style and functionality is sure to inspire memorable meals and entertaining experiences. Convenience and flexibility are paramount, with a first-floor bedroom and bathroom offering versatile living options.
The private library, a space designed for quiet contemplation or as a sophisticated home office. Discover a world of literature or work in solitude while enjoying the serenity of your surroundings. A hidden bookshelf door to a staircase will lead you to the basement.
Upstairs, you'll find four generously-sized bedrooms, each thoughtfully designed to provide comfort and tranquility. The primary suite is a true oasis, featuring walk in closets and a balcony with undisturbed views. The Bathroom: A large walk-in shower and a separate wet and dry sauna, providing the ultimate spa-like experience within the comforts of your home. Marvel at the mesmerizing water views from various vantage points throughout the house, enhancing the overall sense of tranquility and serenity.
The full finished walkout basement is an entertainer's dream, providing ample open space for recreation and relaxation. Complete with an additional bedroom, bathroom, and a versatile miscellaneous room, this lower level offers endless possibilities to tailor the space to your unique needs and desires.
Escape to your own personal paradise in the backyard, where an inground pool with a cascading waterfall and slide awaits. Lounge by the poolside, soak up the sun, and create lasting memories with family and friends. The full-length balconies spanning the home provide the perfect setting to enjoy the breathtaking water views and gentle coastal breezes. The deck and pavers surrounding the pool area create a seamless outdoor living space, ideal for alfresco dining or lounging by the fire pit on cool evenings. And for the ultimate in relaxation, a hot tub beckons, offering pure indulgence and rejuvenation.
Conveniently located just steps from the beach, this home offers the best of both worlds - a private retreat nestled in such a haven, yet close to the vibrant coastal lifestyle.
Don't miss this extraordinary opportunity to own a slice of paradise. Schedule you're showing today and discover the unrivaled luxury and tranquility that awaits you in this gem! The manager has listed the unit size as 5012 square feet.
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About Pine Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017