120 Zermat
About This Property
Experience elevated mountain living in this beautifully positioned Crestline retreat, just moments from the serene waters of Lake Gregory. Set on an expansive 8,570 sq ft lot and offering approximately 1,620 sq ft of living space, this 3-bedroom, 2-bath residence captures the essence of privacy, comfort, and natural beauty.
Surrounded by towering pines and fresh alpine air, the home invites you into a warm and inviting interior featuring a cozy fireplace, thoughtfully designed living spaces, and seamless indoor-outdoor flow. Multiple patio and porch areas create the perfect setting for morning coffee, sunset gatherings, or simply unwinding in a peaceful mountain setting.
Whether enjoying lake days, scenic hiking trails, or the charm of Crestline's local shops and dining, this location delivers a lifestyle of quiet luxury and year-round recreation. Positioned within the Rim of the World Unified School District, it offers both tranquility and community connection.
Ideal as a refined full-time residence, private getaway, or investment in a sought-after mountain destination, this is where lifestyle and opportunity meet.
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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 14, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$415,000
↓ $17K
(3.9%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Decreased |
$432,000
↓ $13K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017