48
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7 Edgewater Drive
About This Property
This beautifully designed 3-bedroom, 2.5-bath Colonial features a bright and airy open-concept first floor ideal for both everyday living and entertaining. The spacious living room flows seamlessly into the dining area, complete with sliding glass doors leading to the backyard, creating the perfect indoor-outdoor connection. The designer kitchen showcases white cabinetry, quartz countertops, stainless steel appliances, and a striking blue center island with seating, creating a beautiful coastal-inspired focal point and the perfect gathering space for family and guests.
A covered front porch with maintenance-free composite decking welcomes you inside, while oversized windows throughout the home flood the space with natural light and frame picturesque water views. The first floor also includes a convenient powder room and direct access to the attached one-car garage.
Upstairs, you'll find a dedicated laundry room and three generously sized bedrooms, including a spectacular primary suite featuring vaulted ceilings, breathtaking water views, and a private luxury bath. Additional features include hardwood flooring, recessed lighting, propane gas heat, central air conditioning, and a one-car attached garage with interior access, pre-wired for an automatic opener.
Built with quality craftsmanship and modern efficiency in mind, exterior highlights include maintenance-free vinyl siding, architectural roof shingles with a 30-year warranty, aluminum gutters and leaders, blacktop driveway, paver walkway, 6-foot sliding glass door, exterior outlets and hose bibs, and fully seeded front and rear yards.
Residents of Osprey Pointe enjoy exclusive waterfront community amenities including a private dock for fishing and relaxing, playground, picnic areas, restrooms, and scenic walking trails along the water.
Don't miss this rare opportunity to own a brand-new home with spectacular water views in one of the area's premier waterfront communities.
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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 |
|---|---|---|---|
| Aug 2, 2026 | Price Decreased |
$619,999
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Jul 16, 2026 | Listed by Coldwell Banker American Homes | $639,999 | |
| Listed by Coldwell Banker American Homes | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$649,999
↓ $40K
(5.8%) | |
| Price Decreased | |||
| Apr 25, 2026 | Listed by Coldwell Banker American Homes | $689,999 | |
| Listed by Coldwell Banker American Homes | |||
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New Construction Colonial almost completed! Raised high and dry with incredible water views, this stunning home is located in the highly sought-after waterfront community of Osprey Pointe and offers the perfect blend of modern luxury and coastal living.
This beautifully designed 3-bedroom, 2.5-bath Colonial features a bright and airy open-concept first floor ideal for both everyday living and entertaining. The spacious living room flows seamlessly into the dining area, complete with sliding glass doors leading to the backyard, creating the perfect indoor-outdoor connection. The designer kitchen showcases white cabinetry, quartz countertops, stainless steel appliances, and a striking blue center island with seating, creating a beautiful coastal-inspired focal point and the perfect gathering space for family and guests.
A covered front porch with maintenance-free composite decking welcomes you inside, while oversized windows throughout the home flood the space with natural light and frame picturesque water views. The first floor also includes a convenient powder room and direct access to the attached one-car garage.
Upstairs, you'll find a dedicated laundry room and three generously sized bedrooms, including a spectacular primary suite featuring vaulted ceilings, breathtaking water views, and a private luxury bath. Additional features include hardwood flooring, recessed lighting, propane gas heat, central air conditioning, and a one-car attached garage with interior access, pre-wired for an automatic opener.
Built with quality craftsmanship and modern efficiency in mind, exterior highlights include maintenance-free vinyl siding, architectural roof shingles with a 30-year warranty, aluminum gutters and leaders, blacktop driveway, paver walkway, 6-foot sliding glass door, exterior outlets and hose bibs, and fully seeded front and rear yards.
Residents of Osprey Pointe enjoy exclusive waterfront community amenities including a private dock for fishing and relaxing, playground, picnic areas, restrooms, and scenic walking trails along the water.
Don't miss this rare opportunity to own a brand-new home with spectacular water views in one of the area's premier waterfront communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017