79 Summit Drive
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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 |
|---|---|---|---|
| Aug 6, 2024 | Sold | ||
| Sold | |||
| Jun 22, 2024 | In contract | - | |
| In contract | |||
| Jun 22, 2024 | Relisted | $1,695,000 | |
| Relisted | |||
| Jun 8, 2024 | In contract | - | |
| In contract | |||
| May 28, 2024 | Listed by BERKSHIRE HATHAWAY | $1,695,000 | |
| Listed by BERKSHIRE HATHAWAY | |||
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Welcome to Bay Hills - discover the lifestyle offered at 79 Summit Drive. This stunning residence, nestled on a serene half-acre lot, is steps from the beaches of Huntington Bay. Move right into this meticulously crafted home on a secluded cul-de-sac. Inside you find a beautifully designed space featuring 4 bedrooms and 3 bathrooms. The high-end kitchen, upgraded in 2020, is a chef's dream with premium Miele, Sub Zero, and Wolf appliances. The expansive family room, foyer, and kitchen are adorned with grand 12' vaulted ceilings, creating an airy and elegant atmosphere. Right off the kitchen and family room, there is a mahogany deck that leads you to a fabulous three-season screened-in covered porch. The private outdoor living here is perfect for entertaining and dining with family and friends. The versatile lower level, entirely complimented with radiant heat, provides ample space for relaxation and entertainment for all. The oversized living room has walkout access to your own private semi in-ground pool and patio space. In addition, you will find a kitchen area, bedroom, office, full bathroom, gym, laundry, and two storage rooms. Minutes from downtown Huntington Village and the surrounding area, you can enjoy everything that it has to offer. Vibrant Nightlife offers multiple restaurants and bars, world famous Paramount Theater. Being a part of the Bay Hills Beach Association (with dues) you can enjoy your own deedded private sandy beach. Amenities include tennis, pickleball, kids camps, water activities, a covered pavilion with storage, and access to boat mooring. Minutes from Huntington LIRR station and 55-minute commute to Manhattan.
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About Huntington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017