14127 Skyway
About This Property
This offering combines two 0.34-acre parcels, totaling just under ¾ acre, presenting a rare chance for development, expansion, or rebuilding. One parcel was previously improved with a 3-bedroom, 2-bath, 1,976± square foot home, while the second parcel remains vacant, providing flexibility to create a single larger estate, multiple homes, or a custom development.
Centrally located in Magalia, the property is within easy reach of restaurants, grocery stores, the post office, and other local amenities. Main road access makes commuting convenient to surrounding communities, while new infrastructure investments in the area enhance long-term value and living convenience.
For outdoor enthusiasts, this location is ideal - minutes from hiking, walking, and biking trails, rivers and lakes, and boating and fishing opportunities. Magalia and the greater area are known for their outdoor-centric lifestyle, offering a community where recreation, nature, and adventure are part of everyday life.
Part of the Paradise Pines Property Owners Association (PPPOA), these parcels offer access to a variety of recreational and community amenities, including a clubhouse, seasonal pool and spa, tennis and pickleball courts, walking trails, picnic areas, and other outdoor and social spaces - providing added lifestyle value for residents.
Part of one of California's fastest-growing regions, this offering presents tremendous building and investment potential for those looking to capitalize on growth, lifestyle appeal, and location. Whether rebuilding, expanding, or creating a custom project, these parcels provide the canvas for your vision.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Listed by American Homes and Land | $17,500 | |
| Listed by American Homes and Land | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017