849 Sheridan Road
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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.
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 28, 2024 | Listed by Compass | $2,949,000 | |
| Listed by Compass | |||
| Oct 26, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 20, 2024 | Listed by Compass | $2,949,000 | |
| Listed by Compass | |||
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Drop. Dead. Gorgeous. This stunning NEW CONSTRUCTION estate residence is set in a PRIME East Wilmette location! Just steps from the beach, the train, Central Elementary School, and a plethora of shopping and dining options in Downtown Wilmette, you'll enjoy quintessential North Shore living at 849 Sheridan Road. Merging distinction with quality, beauty, and convenience, this magazine-worthy residence features a white stucco exterior with black-framed Pella windows. Inside, you'll find 6 bedrooms, 6.1 baths, an attached 2-car garage, a finished third level (with Bedroom 5, a full bath, and additional family room/playroom/flex space), and a finished basement (with fitness room, wine cellar area, Bedroom 6, full bath, and huge recreation room). With over 6,000 sf of luxury space on four expansive levels, this home showcases masterful construction quality and is thoughtfully crafted with the most distinctive details. Step into a luxurious haven, beginning with the glass-enclosed, light-filled custom-built staircase. The elegance continues with seven-inch white oak floors that span the main and second floors. The gourmet kitchen is adorned with custom Italian cabinetry and a massive island, and the stunning powder room features a white onyx vanity imported from Turkey. Indulgent surprises await at every turn, including an AirDresser in the primary suite and an outdoor shower for a delightful rinse after a sun-filled day at the beach! The open main level is flooded with natural light and includes an enormous chef's kitchen boasting clean-lined cabinetry from Italy, a 10.5-foot island, gleaming 43-inch La Cornue gas range, 48-inch SubZero refrigerator/freezer, dual Bosch dishwashers, Wolf Coffee System, Wolf microwave, walk-in pantry, and breakfast nook with custom bench overlooking the lush backyard. A fabulous, functional mudroom offers built-ins and a bench, connecting both the attached garage and outdoor space. An open concept dining room, spacious family room (with direct access to the oversized wooden deck), elegant powder room, and main floor office space complete this level. Accessed by the spectacular custom staircase, the second floor features a luxe primary suite with second fireplace. This sanctuary also offers a huge walk-in closet and a spa bath with heated floors, floating dual-sink vanity, separate toilet closet, and free-standing tub for a tranquil retreat. Three additional secondary en-suite bedrooms on this level, each sunny and spacious, provide walk-in closets and tree-top views. A large second-floor laundry room, with sink and storage makes day-to-day chores especially convenient. Enjoy an A++ location, stellar amenities, and an incredible lifestyle in this premier home. Just a short walk to the beach - you can hear the waves crashing! Also enjoy incredible walkability to Gillson Park, Michigan Shores Club, Sheridan Shores Yacht Club, the Sailing Beach, the CTA Purple Line, the Metra, downtown Wilmette's shops and restaurants, Central School (K-4), and the Baha'i Temple. This home feeds to D39 and New Trier schools. Fall 2024 Delivery. Front exterior photo is a virtual rendering of the home once completed. Additional interior photos are examples from previous projects, and finishes may vary.
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About Wilmette
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017