55 North Drive
About This Property
This 3,432 sq ft Colonial sits on over half an acre (140x230) of flat landscaped grounds and includes village approved plans for renovation and extension, a major value add for the next owner.
The home currently features 5 bedrooms including a main floor maid's room, 5 baths with a primary ensuite, and a functional floor plan that balances comfort with charm. Skylights, central air, gas heat, central vac, sprinklers, security system, and double closets throughout provide everyday convenience.
The backyard is a private retreat with a 20x40 inground gunite pool, hot tub, cabana, shed, and brick patio surrounded by lush landscaping, perfect for summer entertaining. Inside, a gracious entry with skylight and a sweeping two tier staircase leads to the living room with wood burning fireplace, a formal dining room, and a sunlit family room overlooking the grounds. The eat in kitchen with stainless steel appliances, powder room, and maid's suite complete the main level.
Additional highlights include a two car attached garage with extended driveway, a partially finished basement with half bath and ample storage, and expansion potential with the approved plans already in place.
Ideally located just minutes from the Plandome train station with private resident parking, Village Green, golf courses, and renowned North Shore hospitals, this home offers a 40 minute commute to Manhattan and is zoned for the highly rated Manhasset School District, Shelter Rock Elementary. Membership opportunities at the Plandome Field and Marine Club with tennis and waterfront activities are also available.
This property combines location, land, and unlimited potential, a rare find in prestigious Plandome Village.
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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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Listed by Serhant LLC | $3,100,000 | |
| Listed by Serhant LLC | |||
| Aug 17, 2023 | Sold | ||
| Sold | |||
| Jul 25, 2023 | In contract | - | |
| In contract | |||
| Jun 5, 2023 | Price Decreased |
$3,225,000
↓ $225K
(6.5%) | |
| Price Decreased | |||
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About Manhasset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017