2040 Elk Lake
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 28, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $2,274,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 30, 2024 | Listed by Realty ONE Group Pacific | $2,274,000 | |
| Listed by Realty ONE Group Pacific | |||
| | |||
|
Overlooking the hills surrounding Lake Hodges in the prestigious Del Dios community, this exclusive luxury estate is an entertainer's dream boasting a sprawling home designed for large scale events or family gatherings. Upon driving through the gated entry, you will be awed by the landscaping as you pull up to the Porte Cochere and formal entry. Stepping into the residence, guests are greeted by high ceilings and an abundance of windows in the living area, creating an atmosphere of grandeur and spaciousness surrounded by panoramic views. The heart of the home lies in the gourmet kitchen and casual dining area, which accommodates the built-in stainless-steel appliances and refrigerator with prep island providing both functionality and style for the discerning chef. Meticulously cared for and highly upgraded with incredible attention to detail including new dual-zoned air conditioning units and a new furnace, a new emergency generator, custom paint, and top-of-line pool equipment, this remarkable home is totally upgraded with what you can see and also what you can’t. The oversized primary suite features the utmost in luxury, creating a warm and inviting ambiance with an adjacent balcony and views of the hills. After a long day, relax in the spa-like primary bathroom with soaking tub, walk-in shower and oversized walk-in closet. Step into nature with walks on the pathways throughout the 52,000 square foot lot featuring an orchard and numerous fruit trees, followed by a jump into the sparkling pool. With no detail left unturned, the gorgeous interior finishes make this truly an incredible opportunity. Live the elegant life while being close to freeways, shopping and dining. 2040 Elk Lake Drive is a remarkable opportunity not to be missed.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017