1641 Smiley Heights Drive
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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%.
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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 |
|---|---|---|---|
| Oct 9, 2025 | Listed | $1,999,999 | |
| Listed | |||
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Timeless Elegance in Prestigious Smiley Heights
Welcome to 1641 Smiley Heights Drive—a rare offering in one of Redlands’ most coveted neighborhoods. Set on an expansive lot and surrounded by mature landscaping, this beautifully updated 5-bedroom, 6-bathroom estate blends classic charm with modern luxury, offering both space and sophistication for refined living.
Step inside to discover an impressive open floor plan designed for both grand entertaining and everyday comfort. Walls of floor-to-ceiling windows bathe the home in natural light and frame picturesque views of the lush grounds. Multiple stately fireplaces anchor the living areas, while gleaming chandeliers, a sweeping grand staircase, and custom built-in cabinetry elevate the home’s timeless character.
The gourmet kitchen is a chef’s dream—offering generous granite countertops, updated appliances, and plenty of prep space for family meals or formal gatherings. Each bedroom is generously sized with en-suite bathrooms, creating a sense of privacy and comfort throughout.
Outdoors, the resort-style backyard is your personal oasis, complete with a sparkling swimming pool, a private tennis court, and multiple lounging areas perfect for entertaining or unwinding in the California sunshine.
Located on the prestigious Smiley Heights Drive, this home offers unmatched privacy and exclusivity—yet it's just minutes from the vibrant dining, shopping, and cultural experiences of historic downtown Redlands.
Don’t miss the opportunity to own a true legacy property in one of the Inland Empire’s most desirable enclaves.
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| Jul 31, 2019 | Sold | ||
| Sold | |||
| Jun 15, 2018 | Listed by BHHS PERRIE MUNDY REALTY GROUP | $1,450,000 | |
| Listed by BHHS PERRIE MUNDY REALTY GROUP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017