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124 Park Place DR
About This Property
Situated on a 4.172-acre lot with abundant wildlife and room to expand, the property makes a striking first impression with a majestic two-story entrance welcoming you home. Inside, thoughtfully designed spaces include a dedicated study and formal dining room with a coffered ceiling.
At the heart of the main home is an expansive gourmet kitchen featuring a large center island, stainless steel appliances, double ovens, and a gas cooktop ideal for the culinary enthusiast. Just beyond, the spacious breakfast area overlooks the family room with a floor-to-ceiling stone fireplace, creating an inviting setting for casual dining and effortless entertaining.
Abundant natural light fills the home, enhancing the sense of space and warmth throughout. The primary suite is a true sanctuary with a spa-like bath featuring a walk-through shower, separate tub, and double vanities, as well as a massive walk-in closet.
The guest house features its own full kitchen, laundry room, living room, and living areas with newly installed carpet, creating comfortable and independent living quarters for guests or extended family.
A rare blend of luxury living, natural surroundings, and everyday convenience makes this an ideal choice for those who appreciate wide-open spaces while remaining close to shopping, dining, and top-rated schools like Rancho Sienna Elementary. Schedule a private tour today to experience it for yourself.
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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 |
|---|---|---|---|
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Price Decreased |
$1,474,888
↓ $74K
(4.8%) | |
| Price Decreased | |||
| Feb 26, 2026 | Relisted | $1,549,000 | |
| Relisted | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by eXp Realty, LLC | $1,549,000 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017