Set on 3.59 beautifully landscaped acres in Westham, South of River
Road, this home is available for the first time since being
custom-built for the current owner and offers timeless
architecture, gracious proportions, and exceptional versatility. A
welcoming entry foyer with random-width pine floors, detailed
millwork and elegant moldings opens to formal living and dining
rooms, ideal for entertaining. The living room features a
wood-burning fireplace flanked by custom built-ins and French doors
leading to a bright sunroom with vaulted ceilings, skylights and
sweeping views of the private grounds. The thoughtfully designed
floor plan includes a cozy office/den, a spacious family room with
paneled walls, fireplace, and built-ins and an eat-in kitchen with
granite counters, center island, bay window, and abundant
cabinetry, along with a butler's pantry and well-equipped
laundry/mudroom. A first-floor primary suite offers a dressing
area, custom walk-in closet and spa-like marble bath with soaking
tub, glass shower and private balcony access. Upstairs, a second
primary suite with dressing area and walk-in closet is complemented
by two additional bedrooms, a full bath and extensive walk-in attic
storage with expansion potential. The finished lower level provides
outstanding flexibility with a large rec room, den with fireplace,
kitchenette and full bath - perfect for guests, entertaining or
multigenerational living. Outdoor spaces are equally impressive,
featuring manicured lawns, mature plantings, cobblestone-accented
drive, brick terraces and a private in-ground pool with surrounding
patio and fencing. Additional highlights include a two-car attached
garage, detached shed with electricity, whole-house generator and
irrigation system. A rare opportunity to be the second owner of
this custom home in one of Richmond's most sought-after locations
offering privacy and scenic beauty.
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.
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