51 ROYAL PINE
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | Listed by Coldwell Banker Realty | $4,188,800 | |
| Listed by Coldwell Banker Realty | |||
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Welcome to your FOREVER HOME! This premier LOCATION and oversized resort-style BACKYARD will take your breath away! In the exclusive 24hr guard-gated community of The Groves, this Padova Residence 4X is the ultimate Entertainer’s oasis. Offering unparalleled privacy and panoramic views on a secluded cul-de-sac lot spanning 9,414 SqFt with no neighbors on 3 sides and backing to Hideaway Park, this solar-powered home is a RARE FIND offering an exceptionally long driveway for bountiful guest parking and a sprawling sensational backyard with outdoor kitchen, grassy areas, full-size salt water pool & spa, and lush tree-lined views. The bright and open floor plan with expansive accordion doors seamlessly connects the indoor and outdoor living spaces, enhanced by luxurious finishes that provide the perfect blend of comfort and modern style. This is the home where your kids and their friends will gather to play, hang out and create lasting memories. Masterfully designed with the entertainer in mind, the chef-inspired kitchen is equipped with all the bells & whistles, including elegant quartz countertops, chic herringbone backsplash, custom ceiling-height cabinetry, huge walk-in pantry, and oversized island with bar seating, providing the ideal setup for hosting with style. Walls of glass doors open to an alluring California room and your dream backyard! Fully-equipped outdoor kitchen if ideal for alfresco living w/BBQ, double burner, dishwasher, sink, & flat-screen TV. Gather around the firepit or delight in the saltwater Pebble Tec heated pool & spa, with waterfalls, custom lighting & alluring baja shelf for relaxation or child’s play… an inviting oasis for unforgettable gatherings. Offering 5 bedrooms plus den & 5.5 baths, each bedroom suite is meticulously designed, including a highly sought-after downstairs suite perfect for guests or multi-generational living, ensuring privacy & comfort at every turn. Surrounded by scenic olive groves & mature landscaping w/close proximity to “Resort at The Groves” - the community swim & tennis center with club room - this neighborhood offers a rich outdoor lifestyle with parks, pools, hiking & biking trails, sports courts, tot lots, picnic areas & natural beauty. Served by the award-winning Orchard Hills School & Beckman High School. Don't miss the opportunity to make this extraordinary property your forever home. Come see for yourself and fall in love with the crown jewel of Orchard Hills.
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| Oct 29, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by First Team Real Estate | $2,300,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017