Off-Market Property at 46 Farley Rd, Short Hills, NJ, 07078
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46 Farley Rd, Short Hills, NJ, 07078

$5,500,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $180 per day, based on similar listings in the area. Estimated short-term cap rate of -6.8%. Superb craftsmanship and masterful design is uniquely embodied in this luxurious custom home on 1.36 acres of stunning, private property adjacent to the South Mountain Reservation, allowing for expansive nature views.Designed by renowned architect Al Bol AlA, decorated by acclaimed interior designer Debra Blair, and constructed by Russell Schiafo, this home is a masterpiece with no expense spared in finishes or in detail.This home features generously sized 6 bedrooms, each with its own en-suite bathroom featuring Waterworks fixtures and Ann Sacks tile, a new gourmet Bob Bakes kitchen with white inset cabinetry and Carrara countertops.Designed to feel like a luxurious high end hotel, the expansive primary wing has an intimate sitting room, dual walk-in closets and a spa-like bath with radiant flooring.Additional custom touches include impressive millwork throughout, multiple home office spaces, two main level powder rooms, a walk-out lower level with a private bedroom suite, recreation room, lounge, and future home theater.A 3 car garage with lift that can accommodate a fourth car.This decorators' showpiece includes sophisticated lighting fixtures and custom paint finishes, emphasizing its curated high style.Marvin high-efficiency windows, ultra-high efficiency Carrier 9-zone HVAC, Crestron audio/video, LED lighting and Lutron exterior lighting systems all offer state-of-the-art performance rarely seen in a private home.This exceptionally refined home is not to be missed.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$70511
Bedrooms
6
Bathrooms
9
SQFT
59,242
Furnished
unknown
Year built
2008
Listing Status
Off Market
MLS
3876011

Short-term Rental Potential
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$45,972

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$92

Price/SQFT