58 Big Island Road
About This Property
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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%.
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 |
|---|---|---|---|
| Jan 6, 2026 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed by Keller Williams Points North | $979,000 | |
| Listed by Keller Williams Points North | |||
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Welcome to 58 Big Island Road, where modern luxury meets natural beauty. This custom Contemporary Ranch is designed for today’s lifestyle, with soaring ceilings, floor-to-ceiling windows, and a custom propane stove anchoring the sunlit main living area. The chef’s kitchen, complete with Viking range top, Wolf stove, and dual islands, is ideal for gatherings, while the Florida room wraps you in views of the park-like backyard all year round.
Flexibility is at the heart of this home. A separate guest wing—with two entrances, one from the main house and another from outside—features a bedroom, full bath, living area, and beverage center, perfect for extended family or short-term rental guests. Currently an income-producing, town-approved short-term rental permit is in place, and may be reissued to the new owner following application approval.
The finished walkout basement expands the living space with a propane fireplace, full bath, large laundry room, and endless possibilities: a gym, media room, office, additional bedroom, or all of the above. Outdoors, resort-style amenities abound: a multi-level patio, light-therapy jacuzzi, custom Breeo fire pit with Adirondack seating, and a fully equipped outdoor kitchen and bar. A fruit-bearing peach tree, landscaped gardens, and farm views add privacy and charm.
A detached three-car garage with attic storage offers room for cars, hobbies, or creative pursuits. All just minutes to Warwick’s shops, wineries, hiking, skiing, and golf—and only an hour from NYC.
58 Big Island Road isn’t just a home; it’s a lifestyle investment, a retreat, a possible income producer, a rare offering, and a forever home.
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| Dec 6, 2019 | Sold | ||
| Sold | |||
| Sep 27, 2019 | Listed by Howard Hanna Rand Realty | $539,000 | |
| Listed by Howard Hanna Rand Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017