115 N Smith Road
About This Property
Perched atop a scenic knoll overlooking Sky Acres Airport, this extraordinary earth-sheltered home offers a rare blend of eco-friendly living, modern luxury, and breathtaking panoramic views. Designed to maximize southern and western sun exposure, the home is earth-bermed on the north, east, and roof, featuring nearly two feet of earth insulation and a 27-inch overhang for exceptional energy efficiency - keeping annual oil usage remarkably low at just 200–300 gallons per year while maintaining comfortable year-round temperatures between 50–78 degrees. Completely renovated throughout, the home showcases a stunning gourmet kitchen with soft-close cabinetry, granite countertops, and LG stainless steel appliances. The beautifully updated primary and guest bathrooms combine comfort and style with high-end finishes. Offering 2–3 bedrooms plus a dedicated office, the home is filled with warmth and character, including exposed natural wood beams and a striking Russian fireplace that elegantly separates the living and dining areas. Spectacular views of Sky Acres Airport along with sweeping 40-mile vistas stretching south and east to the Shawangunk Mountains. New Anderson windows throughout flood the home with natural light, while a sliding glass door off the living room opens to a spacious brick patio - the perfect place to relax and watch planes take off and land against the stunning countryside backdrop. Aviation Enthusiasts Welcome! Additional features include a 2-car garage and a 2 story 24 x 24 barn with loft space, all situated on 9.8 private acres. Comes completely furnished, potential airbnb. Enjoy the ultimate aviation lifestyle with the airport just a short stroll away - offering the freedom to fly virtually anywhere right from your home.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Price Decreased |
$999,000
↓ $201K
(16.8%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by BHHS Hudson Valley Properties | $1,200,000 | |
| Listed by BHHS Hudson Valley Properties | |||
| Sep 22, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017