1292 Portillo Lane
About This Property
This stunning Lake Rights home offers breathtaking panoramic views of mountains and trees, perfectly situated just minutes from Tavern Bay Beach Club. The level entry and attached garage provide convenient access. The main floor features an open-concept great room with vaulted ceilings-comprising the living, dining, and kitchen areas-and a half bath. Step outside onto a spacious deck ideal for entertaining or relaxing while enjoying the spectacular scenery. The lower level includes a versatile den, a master bedroom with en-suite bath, two additional bedrooms, and laundry. A beautiful mountain retreat with incredible views and functional living spaces.
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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 1, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$648,800
↓ $16K
(2.4%) | |
| Price Decreased | |||
| Jul 29, 2025 | Listed by PRIME PROPERTIES | $665,000 | |
| Listed by PRIME PROPERTIES | |||
| Oct 13, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017