62 Ridgefield Drive
About This Property
The home makes an immediate statement with its inviting covered front porch, double-width entry doors, and dramatic two-story foyer. Inside, matte-finished hardwood flooring flows throughout the main level, complemented by detailed architectural moldings, custom built-ins, and thoughtfully designed gathering spaces. The family room is anchored by a wood-burning fireplace and a striking built-in aquarium, creating a warm yet distinctive setting for everyday living and entertaining.
At the heart of the home, the updated kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a center island with breakfast-bar seating. Formal living and dining rooms provide elegant spaces for holidays, celebrations, and memorable evenings with family and friends.
Upstairs, the freshly painted second level offers four spacious bedrooms and an updated full bathroom. The expansive primary suite feels like a private retreat, complete with a tray ceiling, extended walk-in closet, and an updated en-suite bathroom featuring a whirlpool tub and separate shower.
The finished basement adds valuable versatility with a recreation room, private office, laundry area, abundant storage, and a convenient outside entrance-ideal for working from home, entertaining, hobbies, or creating additional flexible living space.
Outside is where this Shoreham property becomes truly unforgettable. The fully fenced backyard has been designed for private, resort-style enjoyment, featuring Trex decking, a newer paver patio, built-in firepit, outdoor bar and pool house, and a large in-ground swimming pool enhanced by a cascading waterfall. Whether hosting a summer gathering, relaxing beside the fire, or enjoying a quiet afternoon by the pool, this exceptional outdoor setting offers the lifestyle today's luxury buyers are searching for.
Additional highlights include newer central air conditioning and a newer hot water heater.
This is far more than a beautiful home-it is a complete North Shore lifestyle property offering space, privacy, sophistication, and extraordinary indoor-outdoor living in one of Shoreham's most desirable residential communities. Homes with this combination of location, lot size, interior character, and backyard amenities are rarely available. Schedule a private showing and experience Island Estates living in person.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017