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8059 Terraza Court
About This Property
The home itself has been meticulously maintained and thoughtfully updated, featuring a fresh interior and exterior palette. Step inside to find stunning wide-plank clear white oak flooring that flows seamlessly underfoot, complemented by designer-selected fixtures and recessed LED lighting that create a warm, sophisticated glow throughout the home.
The heart of the residence is an expansive open-concept kitchen, complete with a sprawling granite breakfast bar, built-in appliances, and a butler's pantry that connects to the formal dining room-perfect for hosting. This space transitions effortlessly into a large, sun-lit great room anchored by a cozy fireplace.
The thoughtful layout includes four bedrooms, highlighted by a secluded primary suite featuring dual walk-in closets, a jetted soaking tub, and a separate shower. Two additional bedrooms share a Jack-and-Jill bath, while a versatile fourth bedroom currently serves as a professional office off the foyer. Perhaps the most standout feature is the detached guest suite; separated by a charming courtyard with its own private entrance, it offers the ultimate flexibility for visitors or a long-term guest.
Outside, the backyard serves as a private sanctuary. Relax on the patio beside a soothing water feature while taking in the serene views of the surrounding groves. The property also boasts a large side yard with gates for potential RV parking, an oversized two-car garage, and an indoor laundry room. This is more than just a home; it is a retreat into the quiet elegance of Alessandro Heights.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Price Decreased |
$1,099,900
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$1,149,900
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Jun 11, 2026 | Listed by COMPASS | $1,199,900 | |
| Listed by COMPASS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017