1021 SKY VALLEY DRIVE
About This Property
The home features hardwood floors and two updated full bathrooms with tiled showers, granite vanities, and ceramic tile flooring. Enjoy the lake views from the spacious front deck, recently upgraded with composite decking and modern wire railing. A second large deck at the rear of the home also features new composite decking and a newer hot tub, creating a great outdoor space to relax and entertain. Additional recent improvements include new siding, 2 windows in the main level, gas fireplace insert, well pump, landscaping and fire pit, crawl space insulation, an under-sink reverse osmosis water system, and new refrigerator. A one-car garage provides additional parking and storage.
Sky Valley offers one of the most complete lake-access amenity packages at Deep Creek Lake and is the only community with its own private boat ramp. Community amenities include a sandy beach with private swimming area, boat docks located in a protected no-wake cove, canoe and kayak storage racks along the lake, basketball court, fishing pond, and more.
With its rare front-row Sky Valley location, lake views, extensive recent improvements, and outstanding access to the community's lakefront amenities, 1021 Sky Valley Drive is a special opportunity to enjoy the Deep Creek Lake lifestyle!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Listed by Railey Realty, Inc. | $775,000 | |
| Listed by Railey Realty, Inc. | |||
| Jun 22, 2023 | Sold | ||
| Sold | |||
| May 3, 2023 | In contract | - | |
| In contract | |||
| Apr 1, 2023 | Listed by Railey Realty, Inc. | $640,000 | |
| Listed by Railey Realty, Inc. | |||
| Oct 25, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017