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83 Karol Place
About This Property
A grand, mansion-style approach welcomes you with an expansive driveway framed by stately brick pillars and a two-car garage. Step inside through the grand foyer into an elegant greeting room, where soaring ceilings and refined architectural details immediately create an impressive sense of scale and sophistication.
The sunlit formal dining room flows seamlessly into the open-concept living spaces. At the heart of the home is a spectacular great room with an elegant fireplace, creating a warm and inviting setting for both everyday living and grand-scale entertaining.
The custom chef's kitchen is truly the centerpiece of the home, featuring premium appliances, luxurious marble countertops, a substantial center island, radiant heated flooring, and professional-grade gas cooking. The exceptional design seamlessly blends beauty, functionality, and comfort, making it equally suited for intimate family meals and sophisticated entertaining.
The first floor offers two exceptional bedroom suites, including a luxurious primary suite and a separate in-law suite. Each features a private, spa-inspired designer bathroom with premium finishes. Both bathrooms are further enhanced by heated flooring and an oversized walk-in closet, creating a private retreat designed for ultimate comfort.
A sophisticated library/office and elegant powder room complete the first floor.
Upstairs, three additional generously sized bedrooms provide ample space for family and guests.
The walk-out, fully finished lower level dramatically expands the home's living and entertaining possibilities. Designed as an extension of the home's luxury lifestyle, it features a private movie theater, summer kitchen, expansive recreation room, state-of-the-art home gym, additional bedroom, and full bathroom-ideal for extended family, overnight guests, entertaining, or flexible multigenerational living.
Outside, the resort-style backyard is truly the showstopper. A heated saltwater in-ground pool takes center stage, surrounded by beautifully maintained landscaping and year-round seasonal blooms. The expansive Trex® deck with outdoor kitchen creates an exceptional setting for summer entertaining, alfresco dining, or simply relaxing in your own private oasis.
Set within the tranquil surroundings of Muttontown, with the benefit of a private police force, this extraordinary residence offers a rare combination of privacy, security, luxury, and convenience. Enjoy peaceful living while remaining just moments from Long Island's finest shopping, dining, parks, the LIRR, and other attractions.
Additional highlights include a young roof and new tankless gas boiler.
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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 |
|---|---|---|---|
| Sep 22, 2026 | Listed by ZI Realty LLC | $2,688,888 | |
| Listed by ZI Realty LLC | |||
| Jan 2, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017