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8504 Outland View Drive
About This Property
Inspired by the timeless principles of Japanese Wabi-Sabi design, this home embraces authenticity and natural beauty through the use of premium materials, including real board-form concrete walls and polished concrete floors. Soaring 13+ foot ceilings and an impressive 20-foot sliding glass wall flood the interiors with natural light while creating a seamless indoor-outdoor living experience. Designed with entertaining in mind, the expansive living room features a sleek modern fireplace and flows effortlessly into the stunning open-concept chef's kitchen, complete with a massive center island, custom cabinetry, built-in appliances and refined minimalist finishes that perfectly complement the home's architectural aesthetic. Constructed with exceptional structural integrity, the residence boasts thick concrete walls and deep caisson foundations, delivering superior durability, stability, and peace of mind, particularly in seismic conditions. Additional highlights include a fully paid-off solar system for energy efficiency and long-term savings, as well as a spacious garage with soaring ceilings ideal for car lifts, collectors, or additional storage. Every bathroom has been thoughtfully designed with custom finishes and premium bidet toilets, creating a spa-like experience throughout the home. The rooftop has already been engineered and prepared for a future deck, offering the opportunity to create an extraordinary entertaining space with panoramic views of the surrounding hills and cityscape. Completed in 2025 with the Certificate of Occupancy already issued and builder warranties in place, this exceptional residence presents a rare opportunity to own a newly constructed home that seamlessly blends modern architecture, privacy, functionality, and enduring quality. List price is a steal, with construction costs exceeding $800 per square foot, this remarkable property represents extraordinary value and an opportunity that is rarely seen in today's market.
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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 25, 2026 | Listed by Pinnacle Estate Properties | $1,499,950 | |
| Listed by Pinnacle Estate Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017