5698 Old Bethel Road
About This Property
Solid wood entry doors open to a striking marble and red onyx foyer, where a sweeping staircase and oversized windows frame views of the pool and lake. The spacious great room features wood flooring and a custom wet bar with cabinetry, refrigerator, and ice maker--creating an ideal setting for entertaining. A large fitness room with a full bathroom and walk-in shower adds even more flexibility to the floor plan.
At the heart of the home, the generously sized kitchen offers abundant counter space, a substantial breakfast bar, under-cabinet lighting, and an impressive stainless steel appliance package, including a commercial-style six-burner gas range with griddle, double ovens, an additional electric oven, and microwave. The kitchen opens to a large dining area with sliding glass doors leading to the pool, hot tub, and peaceful lake views.
The main-level primary suite overlooks the lake and opens to a private balcony with its own fireplace--perfect for enjoying cool evenings by the water. The spacious primary bathroom includes a multi-head walk-in shower with built-in seating, a clawfoot tub, and an enormous walk-in closet.
Upstairs, you'll find another large living area with tongue-and-groove ceilings, two en suite bedrooms with access to a balcony, a media room, and two additional oversized rooms offering the flexibility to serve as bedrooms, offices, hobby rooms, or guest spaces.
Outdoor living spans the rear of the home, with an expansive covered porch and balcony overlooking the in-ground pool, hot tub, and lake. Garage space is equally impressive, with a heated and cooled four-car garage plus an additional two-car garage at the rear of the property.
With its substantial footprint, lakefront setting, flexible living spaces, and unmistakable character, this estate presents a rare opportunity to restore, personalize, and create something truly special.
With an acceptable full-price offer, the seller is willing to replace the pool liner and both existing, operational HVAC systems, subject to mutually agreed-upon terms. Bring your vision and discover everything this distinctive property could become.
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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%.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017