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5812 Spinnaker Bay Drive
About This Property
With front-row seats to Marine Stadium, this wonderful 3-bedroom, 3-bathroom home with deeded 28' boat slip offers a lifestyle unlike any other. Spanning 2,265 square feet, this grand residence is a waterside paradise, perfectly positioned to capture breathtaking sunsets and the excitement of world-class events, including the upcoming 2028 Olympic rowing and canoe-sprint competitions. Welcome to the prestigious Spinnaker Bay Community!
Unobstructed views of Marine Stadium and water activites. Best of all . . . amazing sunsets!
Upon entering, you'll be captivated by high ceilings and an open, bright floor plan that flows effortlessly toward the water. The kitchen, breakfast nook, and living room all open to the backyard, where you can watch boats drift by and enjoy gorgeous sunset views over the water.
Private and spacious upstairs retreat
All three bedrooms are located upstairs for maximum privacy. The spacious primary bedroom is a true sanctuary, with its own serene water views of Marine Stadium. The en-suite bathroom features a custom sunken soaking tub and dual vanities for a spa-like experience. The second and third bedrooms are generously sized, and an upstairs laundry room adds convenience to daily life.
Unbeatable location and community amenities
This home is ideally located for those who love to be active and connected to the community. You'll be within easy reach of:
• Dining and shopping: Discover a vibrant array of local restaurants and boutiques.
• Recreation: Enjoy a variety of outdoor activities at nearby parks, tennis and pickleball courts, and golf courses.
• Local events: Experience the charm of the weekly Farmers Market every Wednesday and summer concerts in the park on Thursday evenings.
• Beaches: Head to the nearby beaches for a day of sun and sand.
• Easy access: Commuting is a breeze with convenient freeway access.
This is more than a home; it's a front-row ticket to a vibrant and beautiful waterfront lifestyle. Welcome home to your little slice of paradise.
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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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Relisted | $2,100,000 | |
| Relisted | |||
| May 19, 2026 | No longer available | - | |
| No longer available | |||
| May 13, 2026 | Relisted | $2,100,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017