103 Patrick Creek Road
About This Property
Set on expansive acreage, the property is ideal for livestock and equestrian enthusiasts, with fenced and cross-fenced pastures, cattle pens with alley, a new loafing shed, and a 30x48 drive-through shop featuring overhangs on three sides to park all of your equipment. Scenic riding trails wind through the land, and there's ample flat terrain ready to be cleared for additional stalls, coastal pasture, or backyard expansion.
The outdoor amenities are equally impressive for entertaining. A massive diving pool-large enough to host over 50 guests-anchors the backyard oasis, complemented by multiple covered patios and a balcony with sweeping views. Whether you're planning a wedding, graduation party, or holiday gathering, this property delivers unforgettable spaces and scenery.
Inside, the home has been thoughtfully designed to blend timeless character with modern updates. A standing seam metal roof installed in 2023 offers durability and insurance savings. The layout includes a loft currently used as a home gym, two additional bedrooms-one serving as a second primary suite with ensuite bath-and a spacious game room or second living area perfect for relaxing or hosting.
With proximity to two beautiful golf courses, shopping, dining, and entertainment, this property offers a lifestyle that's both peaceful and vibrant.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Listed by Arise Capital Real Estate | $1,074,000 | |
| Listed by Arise Capital Real Estate | |||
| Sep 4, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 15, 2025 | Price Decreased |
$1,074,000
↓ $25K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017