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5874 Pennock Point Road
About This Property
Entertaining is a breeze with the stunning sliding doors that lead from the family room to the outdoor living and kitchen area. These truly impressive doors provide a seamless transition from indoor space to an outdoor oasis. Its outdoor living area is unmatched and boasts a spacious loggia, outdoor dining area, summer kitchen & sun deck, meticulously maintained backyard, salt water pool, and 129 ft. of water frontage. Elevate your mornings and evenings with a visit to the rooftop deck, where breathtaking sunrises and sunsets paint the sky in a dazzling palette of colors. The panoramic views of the water and surrounding landscape provide an idyllic backdrop for intimate gatherings or quiet moments of reflection.
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Water Pointe Realty Group | $13,995,000 | |
| Listed by Water Pointe Realty Group | |||
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Introducing 5874 Pennock Point Rd., offered for the first time in over 30 years! Built in 2020, luxury living meets unparalleled leisure. Nestled on a sprawling riverfront site with almost 2 acres of lush tropical landscaping, this awe-inspiring estate home boasts 5 bedrooms, 6 full & 2 half bathrooms, and a unique par 3 in the front yard with a second-story tee box, offering a golfer's paradise right at your doorstep. Upon entering the grand foyer, prepare to be captivated by the seamless blend of sophisticated design and top-of-the-line finishes. Built for both work and play, this stunning property includes two dedicated office spaces, perfect for the modern professional. Highlighting its waterfront location, this home is one of very few on the Loxahatchee River to have
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017