$6,800,000
●
House -
Off Market
979 Forest Avenue
Rye City, NY 10580
4 Beds
6 Baths,
1
Half Bath
4,841 Ft²
$8,506,426
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
One of Rye's most idyllic waterfront sanctuaries w/130 ft of
private shoreline, set high above the sparkling waters of LI Sound.
An unparalleled lifestyle just 35 minutes to Manhattan, and a
stroll to 3 beach/tennis clubs. Enjoy panoramic views sunrise to
sunset, paddle-boarding and kayaking right from your backyard, a
waterfront patio w/fire pit & deck w/hot tub. Renowned landscape
architect Peter Cummin designed the verdant gardens to embrace this
home's 1-acre coastal setting, in tandem with a stunning 2014
renovation showcasing a sunlit 4,841 sqft interior-walls of glass,
3 sets of French drs to the patio, wide-plank pine flrs & 3
fireplaces. Watch the tides ebb and flow from the Christopher
Peacock kitchen and vaulted ceiling FR, the formal dining & living
rms, coffered-ceiling study w/ensuite bth, gym, wet bar, main bdrm
suite w/2 bths and 2 WICs, and 3 ensuite 2nd-floor bdrms. Enjoy
even more highlights–an office, mudroom, 2-car garage w/lift for 2
cars, and Vermont slate roof. Additional Information:
ParkingFeatures:2 Car Attached,
Unit Size
4,841 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$1,445
Property Type
House
Property Taxes
$8,847
HOA Dues
-
Year Built
1965
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (OneKey MLS #KEYH6089443)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2021 | Sold | ||
| Sold | |||
| Jan 18, 2021 | Listed by Houlihan Lawrence Inc. | $6,995,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| | |||
|
One of Rye's most idyllic waterfront sanctuaries w/130 ft of private shoreline, set high above the sparkling waters of LI Sound. An unparalleled lifestyle just 35 minutes to Manhattan, and a stroll to 3 beach/tennis clubs. Enjoy panoramic views sunrise to sunset, paddle-boarding and kayaking right from your backyard, a waterfront patio w/fire pit & deck w/hot tub. Renowned landscape architect Peter Cummin designed the verdant gardens to embrace this home's 1-acre coastal setting, in tandem with a stunning 2014 renovation showcasing a sunlit 4,841 sqft interior-walls of glass, 3 sets of French drs to the patio, wide-plank pine flrs & 3 fireplaces. Watch the tides ebb and flow from the Christopher Peacock kitchen and vaulted ceiling FR, the formal dining & living rms, coffered-ceiling study w/ensuite bth, gym, wet bar, main bdrm suite w/2 bths and 2 WICs, and 3 ensuite 2nd-floor bdrms. Enjoy even more highlights an office, mudroom, 2-car garage w/lift for 2 cars, and Vermont slate roof.
| |||
| Aug 29, 2014 | Sold | ||
| Sold | |||
| Oct 15, 2013 | Listed by Houlihan Lawrence Inc. | $6,875,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| | |||
|
DIRECT WATERFRONT.Original house built in 1920. NEW House constructed in 2001 on original foundation.This Custom Designed Colonial by architect, David Mooney, is highlighted by beautiful & traditional attributes including Wide Plank Pine Floors,Vermont Slate Roof,Christopher Peacock Kitchen,Family Room w/Beamed & Vaulted Ceiling, 3 Handsome Fireplaces, three sets of French Doors leading to an expansive patio and private backyard with access to the water.WATER VIEWS are gorgeous and unparalleled. Additional Information: ParkingFeatures:2 Car Attached,
| |||
Property Highlights
Garage
Air Conditioning
With View
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Rye
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Last Updated: 4 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
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