6532 Wakefalls Drive
About This Property
Step inside to a grand foyer adorned with floor-to-ceiling painted wood paneling, flanked by a distinguished home office and a formal living/music room. At the heart of the home, the kitchen and family room exude a rustic charm that offers a perfect balance of warmth and sophistication. The kitchen's signature blue La Cornue dual-fuel range, paired with a custom Venetian plaster range hood, creates a refined French country aesthetic. Double islands and a cozy banquette dining table invite leisurely gatherings, while the adjacent dining room-featuring wainscoting, reclaimed wood doors, and a sunlit bay window-provides an elegant setting for more formal entertaining.
Perfectly positioned on nearly two private acres in Wakefield Estates, the outdoor spaces are as impressive as the interiors. Enjoy tranquil views from the main level screened porch with a built-in grill or unwind on the lower-level covered porch with its inviting, wood-burning fireplace.
Originally built in 2001, a thoughtfully designed wing was added in 2008, introducing an exceptional main-floor primary suite. This private haven includes a cozy sitting room with a fireplace, an expansive laundry room, a convenient drop zone, double walk-in closets, and a luxurious bath. French doors open to the back terrace, the perfect spot to savor a morning coffee. A second primary suite on the upper level provides an ideal space for in-laws, guests, or teens. Upstairs, four generously-sized bedrooms each have direct bath access, with two of the bathrooms beautifully renovated in 2024. The lower level is designed for both relaxation and entertainment, featuring a movie theater, kitchen and bar area, billiards room, wine cellar, exercise room, guest bedroom, and a full bath with a steam shower. Completing the home is a spacious three-car garage. This exceptional residence boasts five bedrooms, five full baths, and three half baths-offering both luxury and comfort in an unmatched setting. A recent Midtown magazine article featuring 6532 Wakefalls beautifully captures the essence of the home: ''The space showcases the latest design trends while speaking to the soul's desire for a nurturing environment-one that feels both welcoming and lived-in.''
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 25, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Price Decreased |
$2,175,000
↓ $75K
(3.3%) | |
| Price Decreased | |||
| Feb 27, 2025 | Listed by Hodge & Kittrell Sotheby's Int | $2,250,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Apr 18, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017