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87 Bellows Lane
About This Property
Beautifully modernized from top to bottom, this home delivers turnkey living with exceptional comfort, functionality, and efficiency. The heart of the home is a stunning open-concept kitchen that flows seamlessly into the main living and entertaining spaces, creating an ideal layout for both everyday living and hosting. A highly desirable first-floor bedroom and full bathroom provide flexibility for guests, multigenerational living, or a private home office. Classic Tudor details, including arched doorways, slate roof, copper gutters, and a wood-burning fireplace, add warmth and character throughout, while premium upgrades such as Brazilian teak hardwood floors, water purification system, and new appliances enhance both the beauty and long-term quality of the home.
Designed for both entertaining and relaxation, the outdoor spaces are equally impressive. Two bluestone patios overlook beautifully landscaped grounds with mature specimen trees, while a charming stone wall and custom fire pit create the perfect setting for gathering. Additional highlights include an in-ground sprinkler system, a two-car garage with electric doors, and a double-wide driveway accommodating up to eight additional vehicles.
Located in one of the most walkable neighborhoods on the North Shore, residents enjoy easy access to Munsey Park Elementary School, Copley Pond, Waldmann Pond, neighborhood parks, and scenic streets leading to the LIRR, shops, and restaurants. Combining a premier location, low taxes, Manhasset Schools, timeless Tudor architecture, and extensive modern updates, this is a rare opportunity to own a truly turnkey residence in one of Manhasset's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Listed by Serhant LLC | $2,800,000 | |
| Listed by Serhant LLC | |||
| Dec 6, 2022 | In contract | - | |
| In contract | |||
| Oct 19, 2022 | Price Decreased |
$1,590,000
↓ $90K
(5.4%) | |
| Price Decreased | |||
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About Manhasset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017