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208 Heliotrope
About This Property
Located in the sought-after Palisades area, this charming home puts the lake practically in your backyard. Grab your morning coffee and stroll down to the water, spend the afternoon enjoying your Lake Arrowhead lake rights, then head into nearby Cedar Glen or Lake Arrowhead Village for shopping, dining and entertainment.
Perfect as a weekend escape, vacation home or full-time mountain residence, this is all about location and lifestyle. You're close to the lake, close to town and far enough away from the flatlands to remember why you came to the mountains in the first place.
Lake rights. Walk-to-the-lake location. Palisades charm. 208 Heliotrope checks the boxes that matter. Come up, take a look and start enjoying Lake Arrowhead!
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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%.
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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 |
|---|---|---|---|
| Sep 20, 2026 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $520,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017