40
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1620 Westerly Road
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 |
|---|---|---|---|
| Mar 26, 2026 | Price Decreased |
$52,500,000
↓ $7M
(11.8%) | |
| Price Decreased | |||
| Oct 8, 2024 | Relisted | $59,500,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jun 7, 2024 | Listed | $59,500,000 | |
| Listed | |||
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The crown jewel of the Santa Ynez Valley, and arguably one of the most prestigious estates in all of California, The Westerly Estate is perfectly cradled in the premier Happy Canyon - the area's most lauded viticultural region. Commanding 200± acres with expansive vistas of dramatic mountain ranges, the sophisticated 20k± sq ft Tuscan Villa designed by Michael S. Smith is gracious, grand, and offers unparalleled quality and perfection at every turn. The epitome of luxury living in wine country, with scaled spaces opening to the home's natural surroundings, including a private lake, gardens, pool, equestrian facilities, lighted tennis courts, 80± acres of established vineyards. The property offers the utmost privacy in a serene setting minutes away to world-class restaurants and wineries.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017