79
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707 Watts Street
About This Property
A 10-foot cherry pivot door with keypad and biometric fingerprint entry opens into a gallery foyer where a single unbroken sightline draws the eye through the living spaces, past walls of glass, and into the private garden beyond. The main level flows through an open living room, dining room, and kitchen centered on a 105-inch island with Sub-Zero, Thermador, and Fulgor Milano appliances. Prime Grade White Oak hardwood throughout. Custom Smirnov Cabinet millwork spans 13 systems across the home: kitchen, butler's pantry, library, office, and a 19-foot living room credenza. The primary suite occupies its own wing on the main level with a Fantini Milano spa bath, ceiling rain shower, and Lutron motorized blackout shades. Two guest suites upstairs, each with full bath and walk-in closet. A third-floor yoga studio opens to a 715 SF Ipe rooftop terrace with panoramic skyline views. The acoustically isolated lower level includes a fitness studio wired for future theater conversion, a soundproofed guest suite with private entrance, professional dog wash station, and two-car garage.
Each upper level steps back from the street, reducing scale and creating terraces that reach into the surrounding tree canopy. At twilight, the house glows from within, through glass walls dissolving the boundary between the manicured grounds and the living spaces inside.
Own a rare address in one of the South's great in-town neighborhoods. Trinity Park was established in the 1890s to house Trinity College professors and has been listed on the National Register of Historic Places since 1980. Forty blocks of tree-lined streets, an active neighborhood association, and a summer concert series. George Watts Montessori Magnet Elementary is directly across the street. Walk to Duke University's East Campus, the Ninth Street district, Piedmont, Vin Rouge, Whole Foods, and the Durham Farmers' Market. Durham Academy, Durham School of the Arts, and downtown Durham are minutes away. DPAC, the #3 most-attended theater in the U.S., is just 1.3 miles away.
Savant whole-home automation with Lutron RadioRA 2 lighting across 30 zones, 22 Bowers & Wilkins speakers, seven-zone Bosch heat pump HVAC, Vector Security, and motorized shades in living room, office and master bedroom. Reynaers aluminum windows across 27 positions including 90-degree glass corners. 2,600+ SF of outdoor living.
Designed by Philip Szostak, FAIA (AIA NC Gold Medal), who also designed the DPAC. Built by Szostak Build.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Aug 8, 2026 | Price Decreased |
$3,750,000
↓ $225K
(5.7%) | |
| Price Decreased | |||
| May 29, 2026 | Price Decreased |
$3,975,000
↓ $275K
(6.5%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by Berkshire Hathaway HomeService | $4,250,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017