930 DOUGLASS DRIVE
About This Property
The spectacular backyard is a private oasis designed for year-round enjoyment. At its center is a sparkling pool and spa, complemented by a pergola with a full outdoor kitchen, a pavilion with a ceiling-mounted TV and electronic shade screen, a dramatic stone fireplace, and expansive terraces surrounded by manicured gardens.
Inside, timeless architecture and bespoke finishes create an elegant yet welcoming ambiance, with a seamless flow between indoor and outdoor spaces. The grand foyer opens to light-filled interiors with 10-foot ceilings and gracious formal rooms: a living room with marble fireplace, a banquet-sized dining room with butler's pantry, and a richly appointed library with custom built-ins and hidden bar. The family room, anchored by a large stone fireplace, connects to the chef's kitchen outfitted with professional-grade appliances, a walk-in pantry, and a secondary butler's pantry with wet bar. The breakfast room, framed by walls of windows overlooking the grounds, features a coffered ceiling and serene vistas. A screened porch with skylights, mudroom, and three-car garage complete the main level.
Upstairs, the owner's suite is a private retreat with a vestibule entry, tray ceiling with accent lighting, an expansive custom walk-in closet with dressing room, and a spa-inspired bath with dual vanities and soaking tub. Four additional bedrooms, a large exercise room, and a laundry room complete the upper level.
The walkout lower level is designed for both recreation and hospitality. Highlights include a lounge with bar, recreation and media rooms, a custom wine cellar, and a guest/in-law suite with living area, kitchenette, and two ensuite bedrooms. A changing room and second laundry enhance convenience, while direct access to the terraces ensures effortless indoor-outdoor entertaining.
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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.
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About McLean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017