8505 HOWELL ROAD
About This Property
Step through a striking entrance defined by soaring 24-foot ceilings and pristine marble floors into a home designed for effortless elegance and entertaining. The main level unfolds past a sun-drenched private home office and a grand-scale entertaining space anchored by a gas fireplace to comfortably accommodate 20 or more guests. With french doors open directly to the beautifully paved backyard retreat. Detailed crown molding adds refined craftsmanship throughout.
Just half a flight up, the magnificent formal living room with beautiful coffered high ceiling and brand new wood flooring provides a spectacular setting area for family gathering or a piano recital gathering. Nearby, the gourmet kitchen features a bright breakfast area that flows seamlessly onto an expansive, sunlit deck-perfect for morning coffee or sunset gatherings.
One of the home's most exceptional features is its five spacious bedroom suites, each offering a private en-suite bathroom with dual vanities. Bathed in natural light from three to five windows, every bedroom enjoys remarkable scale, privacy and architectural character. Soaring ceilings enhance the sense of openness, while two bedrooms feature charming recessed alcoves that add storybook appeal.
Privately positioned in its own wing, the primary suite is a true sanctuary, featuring a recessed coffered ceiling, rich hardwood floors and a cozy gas fireplace-perfect for unwinding on winter evenings. A conveniently located second-floor laundry room completes the upper level.
The extraordinary grounds are designed for resort-style living, with a custom paver patio surrounding a heated swimming pool. The adjacent pool-house site is already pre-plumbed and equipped with gas lines, offering an exciting opportunity to create a fully realized pool house or outdoor cabana. Beyond the patio, an expansive lawn provides endless possibilities-from a fire-pit lounge to a private sport court or additional recreation space.
Completing the home, the inviting lower level offers a versatile playroom, casual retreat or comfortable setting for family movie nights.
Located in the Walt Whitman school district.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017