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16552 Norris Road
About This Property
Designed to be a replica of the 12th century Lohort Castle in County Cork, Ireland, this stunning property has possibilities at every turn. There is so much opportunity to develop and create at this breathtaking destination, from the expansive residence to the sprawling grounds. With four bedrooms and five bathrooms, you'll have plenty of space for hosting events, rental guests, or enjoying yourself with your family. Each bedroom has a walk-in closet and designated bathroom attached for extra convenience and comfort, with the main bedroom located on the main floor. The custom stone details and beautiful woodwork are found throughout one-of-a-kind home. You can easily personalize the space to your imagination. Once you step outside, you have 5-acres to enjoy all to yourself. A private pond adds an extra element of enchantment to this fairytale setting, while the three-car garage is a wonderfully modern amenity. You can truly feel like royalty while overlooking your open acreage in this idyllic place. If you plan to use this home as an investment, there are numerous ways to utilize this unique property. Airbnb guests would be blown away by this eye-catching listing during their next Florida vacation. This makes a great family rental home for larger groups with plenty of space. If a place to call home is your goal, so much can be done here! The property is available for an agricultural exemption, making it perfect for anyone looking to build an equestrian facility fit for Royalty. You can create the life of your dreams in a home unlike any other. If you've been searching for a property that is a true work of art, you need to add this one to your collection!
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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 12, 2022 | Sold | ||
| Sold | |||
| Dec 11, 2021 | Listed by Equestrian Sotheby's Internati | $1,495,000 | |
| Listed by Equestrian Sotheby's Internati | |||
| Jun 16, 2021 | Sold | ||
| Sold | |||
| Apr 8, 2021 | Listed by Equestrian Sotheby's Internati | $825,000 | |
| Listed by Equestrian Sotheby's Internati | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017