681 Hermitage Circle
About This Property
The master suite exudes luxury at every turn. This oversized suite features 10" Black Oak floors, sitting area and sits next to a custom study which features the same wide plank 10" Black Oak floors, hand crafted built-ins, a wet bar with quartzite counters and custom wood cabinetry. In the master bath you'll find authentic Juris Limestone flooring, calcutta gold marble vanity tops with 3" mitred edges, solid wood (furniture quality) vanities and Brizo plumbing fixtures. Relax in the oversized limestone shower or soak in the large two person tub. The systems of this estate include a security system, Light Touch lighting system and Sonos ceiling speakers.
Outside this incredible estate you'll find an oversized covered patio with tongue and groove cypress ceilings, gas fireplace and a built-in summer kitchen. The summer kitchen is the perfect place to entertain with a stainless steel gas grill, prep sink and ample under grill storage. The ultimate in privacy, this beautifully landscaped backyard includes features low voltage lighting and a custom heated pool & spa that was recently resurfaced and retiled.
This custom estate will impress anyone in this price range with incredible fit & finish and built on a beautiful home site inside the manned gates of Frenchman's Reserve.
Those who are lucky enough to call Frenchman's Reserve home will find incredible luxury in a relaxed, private country club setting which includes 18-holes of Arnold Palmer designed championship golf, 5-star dining, new state-of-the-art fitness, full service spa, a new tennis facility, kids club, salon and a social calendar filled with exciting activities for the entire family. You've found paradise.
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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 |
|---|---|---|---|
| May 19, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by Frankel Realty Group, LLC | $4,950,000 | |
| Listed by Frankel Realty Group, LLC | |||
| Nov 18, 2019 | Sold | ||
| Sold | |||
| Jul 2, 2019 | No longer available | - | |
| No longer available | |||
| Jul 1, 2019 | Listed by Frankel Realty Group, LLC | $3,220,000 | |
| Listed by Frankel Realty Group, LLC | |||
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About Frenchmans Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017