49
Map
150 Summit Dr
About This Property
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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 |
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| Sep 24, 2026 | Listed | $995,000 | |
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| Sep 12, 2026 | No longer available | - | |
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| Aug 15, 2026 | No longer available | - | |
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| Aug 15, 2026 | Listed | $1,275,000 | |
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The house is beautiful... But honestly, it's not really about the house, is it? It's about the land - 23 acres of it. It's about having enough space for the horses, the toys, the RV, the projects, the chickens, the dogs, the garden, the questionable number of vehicles... and still having plenty of room left over. Welcome to Turkey Ridge, a 2021 custom-built mountain retreat with something increasingly hard to find along the 285 corridor: space. Go-outside-and-disappear-for-a-while space. The home is beautiful, of course: Vaulted ceilings, heated floors, wood beams, wood burning fireplace, a 9-foot kitchen island, main level primary suite with spa inspired bath, and an upstairs loft bedroom with mountain views. Then there's the 1,920 sq ft heated, insulated, pull-through shop. Yes, 1,920 square feet. Bring the RV. Bring the cars (all of them). Bring the side by side. Bring the tractor. Bring the hobbies. Bring the project you've been meaning to start for the last 7 years and all the things your partner keeps promising they'll sell on Facebook marketplace. But the house and shop are really just your home base for the good stuff outside - there's trails to explore, rock outcroppings, a small seasonal pond, 10 acres of fenced pasture, and views that take your breath away. The property also features a 5 GPM well and additional water shares which support 4 horses year round, as well as the potential for multiple additional dwellings. Solar panels, Tesla battery, EV charging, a metal roof, tankless water heater, powered gate, low-maintenance turf, and 240V/50A service for a future hot tub or sauna only add to the list of amenities.
23 acres. A beautiful home. A massive shop. Insane views. Water. Mountains. Privacy. And enough elbow room to actually live the mountain life. The house may get you through the front door... but the land is what you'll be thinking about on the drive home. No matter what you're looking for, a place like turkey ridge is hard to find!
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| Jun 19, 2026 | Listed | $1,000,000 | |
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Nestled in the mountains of Bailey, Turkey Ridge is a custom-built retreat on over 10 fully fenced acres, with water shares for two horses year round and easy access to Highway 285 via a county-maintained road. Built in 2021, this property offers the perfect blend of luxury, privacy, and convenience. Take in the views from the front porch or back patio, where dedicated 240V/50A is ready for your future hot tub and every sunset steals the show. Inside, the great room is the heart of the home, with heated concrete floors, vaulted ceilings, wood beams, a wood fireplace, and an open-concept design ideal for entertaining. The kitchen combines style and function with a 9-foot island, stainless steel appliances, open shelving, and a spacious pantry. The main-level primary suite serves as a retreat with a walk-in closet and spa-inspired bath complete with a soaking tub & oversized shower. A second full bath, laundry area, & additional storage are also located on the main level. Upstairs, a loft bedroom has built-in closets and stunning mountain views. The attached shop is 1,920 square feet, and provides space for an RV, multiple cars, off-road toys, equipment, and more. A non-conforming bedroom off the shop adds flexibility for guests or a home office. Fully insulated with water, heated floors, and a pellet stove, the shop has a pull-through design and oversized garage doors on both ends for exceptional convenience. Solar panels, a Tesla battery, and EV charging capability add modern efficiency. Upgrades include a metal roof, powered front gate, tankless water heater, and low-maintenance turf. A new 5GPM well & deeded water rights allow for 2 horses year-round/5 cows seasonally, or an additional ADU. For those seeking even more room to roam, the adjacent 13-acre parcel (w/additional water rights) is available for purchase, creating a rare opportunity to expand your property to nearly 24 acres. No matter what you're looking for - a place like Turkey Ridge is hard to find!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017