18297 Ridgeline Drive
About This Property
For added convenience, the house is being sold fully furnished and turnkey, ensuring a smooth and effortless move-in experience. The community itself provides a resort-style atmosphere with an array of exceptional amenities. Residents can enjoy a refreshing swimming pool, ideal for unwinding and soaking in the sunshine. Additionally, the impressive 50,000-square-foot indoor sports complex includes basketball and pickleball courts, a state-of-the-art gym, and more.
Outdoor enthusiasts will appreciate the tennis courts, a dedicated dog park, and an on-site restaurant, offering plenty of recreational and social opportunities. One of the home's standout features is the lanai, which provides breathtaking views of the serene lake, making it the perfect spot to relax and enjoy the peaceful surroundings.
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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 |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Feb 21, 2025 | Listed by Real Broker, LLC | $525,000 | |
| Listed by Real Broker, LLC | |||
| Feb 3, 2024 | No longer available | - | |
| No longer available | |||
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About Lee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017