744 Drift Rd
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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed | $2,595,000 | |
| Listed | |||
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Welcome to Jessies Neck, a 25 +/- acre private peninsula located on the East Branch of the Westport River upon which sits this stately Center-Chimney Colonial. Originally built in 1790 in Somerset MA for Johnathan Bowers and relocated to Westport in 1975. This home was reconstructed on a modern foundation and placed in its new setting to take advantage of the serene river & marsh views surrounding the waterfront estate. Featuring 7 fireplaces, wide plank flooring & many period details, this exquisitely maintained home will surely delight those wishing to serve as stewards to a piece of history. The main level offers formal living, dining and family rooms, office and updated kitchen. A mudroom w/ laundry and half bath complete the first floor. Travel up one of two staircases to find a primary bedroom with ensuite, sitting room, 2 additional bedrooms and full bath. Surrounded by acres of cleared and wooded land & a clamshell path leading to the estate's private dock.
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| Jun 18, 2024 | No longer available | - | |
| No longer available | |||
| Nov 18, 2023 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017