723 Coventry RD
About This Property
Enter the main living area to an open floorplan with soaring ceilings, a cozy fireplace, and a dramatic wall of windows that frame the breathtaking scenery. Sunlight fills the space, and a spacious deck spanning the full width of the home creates an inviting setting for relaxing or entertaining against a stunning natural backdrop.
The euro-style kitchen features modern cabinetry, a generous center island, and access to an additional balcony ideal for alfresco dining, with opportunity to personalize finishes to suit your style. Two bedrooms share the main living level, while the private top-floor primary suite serves as a peaceful retreat with its own fireplace, seating nook, private balcony, and spa-like bath with dual vanities, glass brick walk-in shower, and built-in storage.
The ground level offers a large utility room and two versatile bonus rooms, ideal for guest suites, studios, or home offices. Outdoors, enjoy an in-ground pool, hot tub, and multiple entertaining areas while taking in views of small planes landing nearby, local wildlife, and the relaxed rhythm of lake-area living.
Recent updates include a new French drain (2025); pool filter and grinder pump and electrical subpanel brought to code (2024); pool automation system and hot tub heater (2023); dual AC units, gutters, foundation repair with 10-year warranty, new pool plaster, pool gate, and several windows and sliding doors (2022).
Quiet neighborhood, 2-car garage, carport, extended driveway. Unmatched views, character, and potential-ideal as a private retreat or a permitted short-term rental.
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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 |
|---|---|---|---|
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Nov 19, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Oct 15, 2025 | Listed by Redfin Corporation | $650,000 | |
| Listed by Redfin Corporation | |||
| Jun 13, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017