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7 Springville Circle
About This Property
Offered fully furnished in immaculate condition, this meticulously renovated home has been raised to exceed FEMA guidelines, seamlessly blending breezy coastal living with modern luxury. The sun-drenched interior features high-end finishes, including a granite kitchen with premium appliances and a cozy gas wall fireplace. A versatile bonus room with a closet, loft, and private separate entrance offers ideal flexibility as a third bedroom, home office, or creative studio, while a dedicated owner's closet provides secure storage for a turnkey rental or investment opportunity.
A true boater's paradise, the property boasts 124 feet of bulkhead, a floating dock, two Jet Ski EZ docks, and a convenient kayak launch. Seamless indoor-outdoor living is effortless on the wraparound waterside deck, designed for entertaining against a breathtaking panoramic backdrop. Additional conveniences include a large ground-floor storage area and a 2-car garage. Peace of mind is guaranteed with major capital improvements, including a 2022 GAF roofing system with a transferable enhanced warranty, updated mechanicals, and modern septic and irrigation systems.
Nestled on a quiet cul-de-sac just minutes from Ponquogue Beach, local dining (near Hampton Coffee), shopping, and the Hamptons villages of Westhampton and Southampton, this beautifully maintained home-previously featured in the New York Post-is a rare offering perfectly suited for effortless summer escapes or premier year-round East End living.
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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%.
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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 |
|---|---|---|---|
| Sep 27, 2026 | Price Decreased |
$1,699,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
| May 30, 2026 | Price Decreased |
$1,749,000
↓ $150K
(7.9%) | |
| Price Decreased | |||
| Jan 2, 2026 | Listed by Douglas Elliman Real Estate | $1,899,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Jun 23, 2022 | Sold | ||
| Sold | |||
| Aug 29, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017