620 Preakness Park
About This Property
Set on 2 beautifully treed acres with a serene wooded backdrop, the property immediately evokes a sense of calm, space, and seclusion - something increasingly difficult to find. Designed for both everyday comfort and elevated entertaining, the home unfolds with intention, offering expansive living spaces, soaring ceilings, and rich architectural detail throughout.
At the heart of the home, the main living area is anchored by a dramatic stone fireplace and framed by walls of windows that draw the outdoors in. The open-concept design flows effortlessly into the kitchen and dining spaces, creating an environment that feels both connected and refined.
Step outside and the experience continues. The backyard is a true extension of the home - complete with a sparkling pool, spa, and a covered patio featuring an outdoor fireplace and built-in grill. Whether hosting under the stars or enjoying a quiet evening at home, this space was designed to be lived in year-round.
With four spacious bedrooms (with en-suites) and thoughtfully designed private spaces, the home offers flexibility for multi-generational living, guests, or dedicated work-from-home environments - all without compromise.
For the discerning buyer, the five-car garage is a standout feature, offering not only ample storage but the ability to accommodate a boat or recreational vehicle - perfect for weekends at nearby Lake Lavon.
Opportunities like this are few and far between: a single-story home of this scale, on acreage, with amenities, in one of the area's most coveted school districts.
This is more than a home - it's a lifestyle. Schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Relisted | $1,550,000 | |
| Relisted | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Price Decreased |
$1,699,900
↓ $250K
(12.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017