520 Normandy Drive
About This Property
6 bedrooms and 4 full, 2 half baths.The house unfolds across a sprawling living space, embracing the tranquility of its surroundings. Situated on 75ft of deep water frontage which can accommodate a large vessel and water toys, it sits seconds to the open bay. Coffered ceilings, Chef's kitchen, elevator, generator, Gunite, heated saltwater pool are just some of the amenities you will find. Every room and deck offers captivating views and vistas, providing a seamless connection to its coastal surroundings Property Features:
-4250 sq ft. plus bonus 450 sq ft lower level.
-Elevator
-Cedar Shake Siding
-Gunite, Heated, Saltwater pool
-3 Zone Heat/AC
-Chefs Kitchen
-Thermador Appliances
-7 1/2 White Oak Plank Engineered Flooring
-3 Ensuite Bedrooms
-75 Ft of newer Bulkhead/Waterfront
-Coffered Ceilings
-Shiplap Accents
-Built-in 2022
-6 bedrooms, 4 full and 2 half baths
-Generator
-Sonos, app Controled
-Camera System, App Controlled
-Private Beach Association
-Bay Beach Camp for kids 4-12 from 10-3 pm
-Icemaker-
-Ornate Millwork/Molding
-Summer Kitchenette, Ground Level
-Outside Shower
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Cap Rate Calculator
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%.
How much can I actually make?
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 1, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| May 14, 2024 | Listed by Keller Williams Shore Properties | $4,999,999 | |
| Listed by Keller Williams Shore Properties | |||
| Aug 13, 2020 | Sold | ||
| Sold | |||
| Jul 7, 2020 | Listed by Hollston Realty Group, LLC | $995,000 | |
| Listed by Hollston Realty Group, LLC | |||
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Classic beach cottage in 'front row center' location on highly desirable Normandy Drive! 75' of bulkhead for your boat(s)! Oversized lot will allow for swimming pool and outdoor fun. Walking distance or short bike ride to bay beach, playground, tennis courts as well as the ocean, shops and restaurants. This home is being sold 'as-is' and fully furnished.
See in documents the non substantiated damage letter from the town.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017