Off-Market Property at 353 Hartshorn Dr, Short Hills, NJ, 07078
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353 Hartshorn Dr, Short Hills, NJ, 07078

$4,876,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $463 per day, based on similar listings in the area. Estimated short-term cap rate of -6.1%. This new construction custom contemporary home is a masterpiece by local AHM architects.Set on nearly half an acre on the prestigious Hartshorn Dr.7800 sf of vast open floor plan & lofty ceilings creating multiple entertaining spaces.You're greeted by a soaring pivot front door opening into a 2 story foyer w/ chevron detail & floating staircase w/ custom glass railing.This home offers multiple outdoor spaces, an elevator to all three floors, wide plank white oak floors, multiple office options, walls of oversized German style modern windows, custom closets, convenient 2nd floor laundry room, private in-law suite w/ en suite bath, 10' ceilings & a show stopping kitchen w/ Wolf, Sub-Zero, Dacor & Miele appliances & sleek Dekton countertops.A hidden prep kitchen offers a entire second set of appliances.All bedrooms are generously sized w/ ensuites including the primary suite oasis w/ 2 custom walk-in closets, spa-like primary bath w/ radiant heated floors & private office/sitting room.Relax on a large deck w/ built-in outdoor kitchen & outdoor full bathroom with views of the level backyard w/ plenty of room for a pool.Lower walk-out level has maid's quarters w/ full bath, expansive rec room, wine room, theater & mudroom w/ access to 2.5-car garage w/ 2 EV chargers.This home is equipped w/ Automated Vantage Lighting System.House is pre-wired for speakers, shades, TV and audio for future home automation.300 amp electrical service.Close to highly rated Hartshorn School.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$24732
Bedrooms
6
Bathrooms
8
SQFT
19,602
Furnished
unknown
Year built
2023
Listing Status
Off Market
MLS
3896877

Short-term Rental Potential
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$40,056

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$248

Price/SQFT