1516 Rancho Road
About This Property
When you arrive through the gated entrance, you're welcomed by mature trees, manicured grounds, and a setting that feels both private and inviting. The home itself exudes warmth with rich wood finishes, exposed beams, and brick accents, creating a cozy yet refined atmosphere throughout.
The heart of the home is the stunning kitchen, featuring quartz countertops, open shelving, custom cabinetry, and both a walk-in pantry and butler's pantry - perfect if you love to cook and entertain. The adjacent living space offers the perfect place to gather with vaulted ceilings with wood beams and a wood burning stove.
The primary suite is truly unique, offering two full bathrooms including a timeless claw foot tub for ultimate comfort and privacy. Each additional bedroom is spacious and thoughtfully designed to accommodate family or guests. The secondary bathroom is accessible from the main hallway and from one of the bedrooms.
Step outside and you'll find your own private oasis. The beautiful pool is surrounded by lush landscaping, creating a serene backdrop for relaxing summer days. Entertain with ease in the outdoor kitchen and patio area, or unwind on either the charming covered front or back porch overlooking the property.
The property also includes a detached 3-car garage workshop, greenhouse, stable, and pond, making it ideal for hobby farming, animals, or simply enjoying the outdoors.
With 17 acres of land, scenic views, and thoughtfully curated features throughout, this property offers endless possibilities - whether you're seeking a private retreat, an entertainer's dream, or a place to fully embrace country living. Additional 3 acres of land also available for purchase. Contact agent for details.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | Price Increased |
$834,900
↑ $110K
(15.2%) | |
| Price Increased | |||
| Aug 16, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Price Decreased |
$724,990
↓ $110K
(13.2%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$834,900
↓ $15K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017