75
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659 Cove Drive
About This Property
for unforgettable gatherings, this extraordinary mountain estate blends luxury,
craftsmanship, and lifestyle on a grand scale. A visionary custom lower-level addition, born
from a collaboration between inspired ownership and respected builder design vision,
creates an experience all its own. Thoughtfully designed as a luxury mountain clubhouse
retreat, it features game and entertainment spaces, a wine tasting area, sauna, a
spectacular handcrafted timber 12-bunk sleeping hall with adjoining full bath
accommodations, an additional custom powder room, and expansive glass doors opening
seamlessly to the oversized spa, lakeside patio, and steps leading directly to the private
dock and water's edge.
The main level was designed for gathering, centered around a spacious great room and
chef-inspired kitchen with pantry and adjoining laundry, all opening to an expansive
entertainment deck positioned to capture the lakefront setting. A lakeside primary suite
with en suite bath creates a private retreat, while an additional full guest bath adds
convenience for family and visitors.
Upstairs, an additional lakeside primary suite is joined by four en suite guest bedrooms, a
family and game lounge with bar, and the added convenience of a second laundry
area-creating a thoughtfully designed upper retreat for hosting on a grand scale.
Where luxury mountain living, unforgettable entertaining, and the ultimate lakefront
lifestyle come together on a grand scale.
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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