1180 Horizon Trace Drive
About This Property
The layout includes a dedicated office, plus a spacious mudroom with built-ins & an oversized laundry room with cabinetry & dual countertops. The engineered wood flooring throughout the main areas (no carpet) & tile in wet spaces provide durability & easy maintenance. Designed for gathering, the home flows from indoor living to the backyard, where a heated pool & spa, fire pit & multiple seating areas create an outdoor retreat. The 24x30 barn-style structure with a 6-ft overhang provides a shaded space for relaxing & entertaining.
A standout feature is the insulated shop with electricity & propane-ideal for a home-based business, storing a boat or small RV, or a workshop. Storage is abundant, including a garage with extensive floored attic space for additional needs. Solar panels keep electric costs low & a 500-gallon underground propane tank services the pool, spa, fire pit, fireplace & shop. A propane stub on the back patio means you can hook up your grill without the hassle of refilling small tanks. Major upgrades are complete, so the big-ticket items are in place.
With no HOA restrictions, you have the freedom to use your property as you wish. Built five years ago, this home offers modern features with minimal maintenance, all in a setting that provides space to live, work & enjoy.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| May 17, 2026 | Relisted | $625,000 | |
| Relisted | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by eXp Realty LLC | $625,000 | |
| Listed by eXp Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017