7 Pine Ridge Drive
About This Property
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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 |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Jan 6, 2025 | Listed by Douglas Elliman Real Estate | $1,599,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 15, 2024 | Listed by Douglas Elliman Real Estate | $1,599,000 | |
| Listed by Douglas Elliman Real Estate | |||
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**Elegant Masterpiece in the Heart of Smithtown Pines** Welcome to this exquisite, custom-designed and built luxury residence, situated on a picturesque .75-acre property in the coveted Smithtown Pines community. This magnificent home, crafted by the current owner in 2005, boasts approximately 4,500 square feet of opulent living space, showcasing the finest quality construction and craftsmanship. As you step inside, you'll be greeted by the warmth and sophistication of this stunning home, featuring four spacious bedrooms and four full bathrooms. The piece de resistance is the expansive primary suite, boasting two walk-in closets, and an awe-inspiring primary bathroom with travertine flooring and radiant heat, a gas fireplace and access to a balcony overlooking the tranquil backyard. The thoughtful design and attention to detail throughout the home are evident in every room. From the beautifully appointed kitchen to the elegant living areas, every space is meticulously crafted to provide a sense of comfort and luxury. But it's not just the interior spaces that make this home truly special. The full-finished basement offers additional living space, perfect for working, entertaining or relaxing, and is conveniently accessed through a mudroom that connects to the three-car attached garage. The property itself is a tranquil oasis, with lush greenery and mature trees surrounding the beautifully manicured lawn. The perfect setting for outdoor gatherings near your inground pool and firepit. This exceptional custom built home in Smithtown Pines offers the perfect blend of elegance, functionality, and tranquility. Don't miss this rare opportunity to own a truly unique and luxurious home in one of Long Island's most sought-after communities. Come see for yourself and fall in love..., Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017