18610 Spellman Ridge Drive
About This Property
Welcome to your dream home in one of the area's most sought-after gated neighborhoods! This stunning lakefront property offers luxury living at its finest, blending elegance, comfort, and breathtaking views. Step inside to discover four spacious bedrooms, three and a half designer bathrooms, game room, media room (flex/5th bedroom) and an expansive three-car garage. The chef-inspired kitchen boasts high-end appliances, sleek countertops, and ample cabinetry-perfect for entertaining or everyday living. Upstairs , you'll find two private balconies, with the primary balcony offering panoramic views of the sparkling lake-ideal for morning coffee or sunset cocktails. Outside is your very own backyard oasis, sparkling resort style pool/spa, covered back patio and over 1290 sqft of cool deck make this the perfect backyard oasis. Make this one your top priority!
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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 15, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by RE/MAX Compass | $1,050,000 | |
| Listed by RE/MAX Compass | |||
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About Harris
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017