139 Cypress Drive
About This Property
The bright and spacious entry level features a custom hand stained wood vaulted ceiling with an open concept design, creating a seamless flow from the entertainer's kitchen and dining area onto the back deck with expansive views of the forest and mountain peaks in the distance. Also on this level is the inviting living room with a wall of windows and a fireplace for those cozy winter nights, an office (could be used as a bedroom on the main), half bathroom and large game room with a fireplace and slider that opens onto the back deck. There is ease of access from the 2 car garage into the entry level.
Downstairs you'll find the well appointed primary suite that opens onto the lower deck and has a luxurious en-suite bathroom featuring a soaking jetted tub, dual sinks and shower. Down the hallway is the laundry alcove, 3 more bedrooms - one of which is currently a bunk/ rec room, a separate 3/4 bathroom and another primary suite with a 3/4 ensuite bathroom. That's 5 bedrooms all conveniently located on the same level.
It has an active STR permit and successful rental income history. The home boasts a new Owen Cornings roof as of 2024. This property is the epitome of mountain-modern elegance and includes convenient features such as ample parking, located on a county-maintained road and level entry. Offered fully furnished, this property presents an opportunity to start enjoying mountain life right away.
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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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $1,249,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
| Mar 24, 2024 | No longer available | - | |
| No longer available | |||
| Jan 26, 2024 | Price Decreased |
$1,380,000
↓ $100K
(6.8%) | |
| Price Decreased | |||
| Sep 22, 2023 | Listed by RE/MAX Lakeside | $1,480,000 | |
| Listed by RE/MAX Lakeside | |||
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Above it All...Welcome to The Summit of Lake Arrowhead! This Neighborhood Features Estate Properties with Lake Rights benefiting from Underground Utilities. Situated at the Peak of Lake Arrowhead on a Large Lot with Gorgeous Expansive Views. A Stunning Retreat with a Relaxing Vibe! This Residence has been Beautifully Updated with an Elegant and Crisp, Contemporary Feel. The Expansive Living Spaces and Spacious Bedrooms with High Ceilings make You feel like Royalty! Main Level with Grand Living Spaces featuring a Gorgeous Great Room with a Fireplace and Soaring Ceilings - A Lovely Dining Area which opens to the Beautiful Chef's Kitchen with Island and Extra Seating - An Awesome Game Room with Beamed Ceilings and 2nd Fireplace plus an Office or Den. The Decks are Fantastic with Unmatched Panoramic Views from Snow Valley to the High Desert. Downstairs features 2 Master Suites - one is nicely equipped with a Jetted Spa Bathtub. There are 2 additional Guest Rooms AND an Awesome Bunk Room too for a total of 5 Bedrooms! The Lower Level Deck is accessible from both Master Suites and one of the Guest Rooms. This Estate Features Sensational and Vast Views of the Forest, Ridgelines, High Desert and City Lights at Night! Benefiting from Level Entry, Access and Parking with Direct Access into the Extra Deep 2 Car Attached Garage. Situated on Over Half an Acre - with Lake Rights! Currently a Successful and Active Air BnB - rented frequently and for high dollar. Tastefully Furnished and Decorated. Located on a County Paved, Plowed and Maintained Road. Once You arrive, You'll know this is Home, it is Easy to get to but Impossible to Leave! The manager has listed the unit size as 3402 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017