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601 MAGNOLIA Drive
About This Property
Experience modern convenience with a four-car garage, an elevator for easy access, and a reliable generator. Boating enthusiasts will appreciate the deep-water boat slips and a dock that can accommodate vessels that are a 100 feet & multiple boat lifts. Enjoy nearby shopping and dining options within a short five-minute drive, making this location ideal for a vibrant lifestyle. Don't miss the chance to own this remarkable home that combines luxurious living.
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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 |
|---|---|---|---|
| Jun 13, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by PENINSULA PROPERTIES REALTY INC | $5,000,000 | |
| Listed by PENINSULA PROPERTIES REALTY INC | |||
| Jul 9, 2025 | Listed | $4,990,000 | |
| Listed | |||
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This canal-front home on Holiday Isle sits on a spacious corner lot and is a true boater's dream, featuring over 217 feet of waterfront—ample space for your fleet of vessels.
The property offers two covered deep-water 40-foot slips, one equipped with a 25,000-pound boat lift. Additional features include three 30-amp power pedestals and a non-covered jet ski lift.
The crown jewel of the estate is a 100-foot lay-to dock, current owner has been HOA-approved to accommodate a 90-foot sportfishing yacht with a 23'2'' beam. This dock includes two 100-amp single-phase power pedestals and ten newly installed 12-inch pilings, ensuring secure mooring. Meticulously designed and constructed, this newer custom home boasts top-of-the-line upgrades and remarkable attention to detail, making it a standout for boat enthusiasts.
Luxury amenities include an elevator, Generac generator, electric blinds, and plantation shutters. There is a spacious living area on each level, laundry room on each level and a second-floor kitchenette. Each of the five large bedrooms features its own en suite bathroom.
Positioned at the end of a private cul-de-sac, the property features a large paver circular driveway, an oversized two-car garage, and a separate garage for a golf cart or boating and fishing supplies.
The resort-like rear exterior includes a stunning swimming pool and hot tub with fountains, a rain curtain, and custom color-changing lighting. Roll-up pool screens provide unobstructed views and enhanced airflow. Over 2,000 square feet of covered porches, a large sundeck, and a private beach area with a fire pit complete this exceptional outdoor living space.
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| Sep 26, 2023 | Sold | ||
| Sold | |||
| Nov 20, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017