7204 ELIZABETH DRIVE
About This Property
SELLER ACCEPTED OFFER
Tucked into one of McLean's most coveted neighborhoods is a custom-designed residence offering approximately 4,700 square feet living space on a lush, beautifully landscaped lot. This contemporary home impresses with a dramatic open floor plan, soaring vaulted ceilings, and walls of oversized windows that bathe the interior in natural light, creating a warm, inviting ambiance throughout.
The main level welcomes you with a two-story foyer and a sunlit living room featuring cathedral ceilings with skylights and a gas fireplace. The adjacent dining room, framed by a large bay window, offers lovely garden views and is perfect for hosting formal gatherings. The expansive family room is equally dramatic with its vaulted ceilings, stone wood-burning fireplace, and seamless connection to the kitchen and breakfast nook-where another bay window overlooks the private, tree-filled backyard.
The spacious main-level primary suite provides a peaceful retreat with room for a sitting area, two walk-in closets, and an en suite bath with double vanities. A convenient powder room, laundry and mudroom, and access to the attached two-car garage complete the main floor.
Upstairs, an open hallway overlooks the living spaces below and leads to three generously sized bedrooms and two full bathrooms. The walk-out lower level features a large recreation room with a raised-hearth fireplace, a full bath, a cedar closet, and two substantial storage rooms-one of which could easily be converted into a fifth bedroom.
Outdoors, the fully fenced backyard is a serene, park-like haven. Mature trees, manicured planting beds, and expansive lawns frame a large flagstone patio-ideal for al fresco dining, entertaining, or simply relaxing in nature. A picturesque stone path winds through the garden, enhancing the home's peaceful, private setting.
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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 26, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Washington Fine Properties, LLC | $1,650,000 | |
| Listed by Washington Fine Properties, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017