8924 Capri Drive
About This Property
Opportunity awaits to own a true one-of-a-kind, Japanese-inspired Mid-Century Modern masterpiece in a neighborhood celebrated as one of the largest collections of MCM homes in the country. Designed and built by architect Harry Matthies for himself, this home is both a sanctuary and a work of art-featured in local publications for its creativity and design. The current owner purchased the home in 1968, discovering it while his wife was in labor with their first child. Over the decades, they traveled to more than 125 countries, yet it was the art, architecture, and culture of Japan that inspired them most. This influence is reflected throughout the home, which became his living museum for vintage and antique treasures collected from around the globe. The exterior is clad in old-growth redwood, while the interior is anchored by walls of glass overlooking lush green space for unmatched privacy. Inside, original vaulted ceilings and Japanese screens double as door closures and window treatments, offering an authentic architectural touch. The primary suite is an oasis tucked away across a bridge spanning a koi pond, leading to a private wing with a study, workout room, large bedroom, walk-in closet, and spa-like bath with a Japanese soaking tub. Beyond, a secluded yard with a pool-ready for reimagination-offers serenity and space. The home also boasts expansive green areas, ample storage, and a rare 3-car "garage-port." A haven of Japanese-inspired design, history, and creativity, this property is an extraordinary chance to reimagine a true MCM gem.
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by Dave Perry Miller Real Estate | $725,000 | |
| Listed by Dave Perry Miller Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017