Off-Market Property at 40 Holly Dr, Short Hills, NJ, 07078
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40 Holly Dr, Short Hills, NJ, 07078

$3,995,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $949 per day, based on similar listings in the area. Estimated short-term cap rate of -1.0%. FAB NEWLY BUILT HOME WITH EVERY BELL AND WHISTLE! A true "Masterpiece of design from renowned local architect Steve Hockstein, this 7 Bedroom, 6.1 Bath home in desirable Deerfield section of Short Hills, offers 7,113 sq ft with astounding amenities, such as custom white oak floors, imported Italian tile, amazing light, and glorious high ceilings. 2-story grand Entry Foyer sweeps you through formal Living Room and elegant Dining Room. Sun-drenched Family Room with coffered ceiling and chic fireplace opens to glamorous Chef's Kitchen, creating the ideal space for easy living, with Quartz countertops, crisp white cabinetry, Carrara marble backsplash, Thermador SS appliances (3 refrigerators, 2 dishwashers, 6-burner gas stovetop/griddle, double oven) and tremendous triple glass door sliders that lead to enchanting private Backyard with bluestone patio, in-ground pool, natural stone retaining walls, and grassy area, perfect for play, pets, and fun gatherings. Plush Powder Room, En-Suite Bedroom, and Home Office/Bedroom completes 1st Level. 2nd Level boasts 3 spacious En-Suite Bedrooms with lavish Bathrooms. Luxurious, bright Primary Bedroom stuns with vaulted ceiling, Home Office (with "Secret Room! ) and 2 massive WIC's, plus spa-like En-Suite Bath with free-standing tub, glass door shower, and toilet closet. Take the ELEVATOR to Lower Level and find Recreation Room, Exercise Room, 7th En-Suite Bedroom, custom-cubbied Mud Room, huge 3-car garage, and tons of storage.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$15583
Bedrooms
7
Bathrooms
7
SQFT
7,113
Furnished
unknown
Year built
2023
Listing Status
Off Market
MLS
3912667

Short-term Rental Potential
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$230,172

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$561

Price/SQFT