2229 SUMMITRIDGE Drive
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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 |
|---|---|---|---|
| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | Relisted | $8,499,000 | |
| Relisted | |||
| Oct 28, 2023 | No longer available | - | |
| No longer available | |||
| Apr 26, 2023 | Listed by Keller Williams Realty Hollywood Hills | $8,499,000 | |
| Listed by Keller Williams Realty Hollywood Hills | |||
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Indulge in luxury living at 2229 Summitridge Dr, a stunning 6-bedroom, an 8-bathroom estate with 9,757 square feet of living space. As you enter the home, you'll be greeted by a grand foyer and an awe-inspiring living room with stunning views, a family room to cozy up in front of the fireplace and enjoy a great movie, a serene sitting room to enjoy a nice book, a gorgeous dining room for entertaining large dining party while enjoying delicious food and taking in the breathtaking view of Beverly Hills. The grand state-of-the-art chef's kitchen features top-of-line appliances and is fully equipped to serve large parties or intimate family gatherings. Ascend to the second level, where you'll find the primary bedroom. This tranquil haven boasts two balconies, a sitting/relaxing area, and a stunning, luxurious ensuite with a large shower and jetted tub that overlooks the backyard oasis. Another expansive bedroom features a sleeping area, an ensuite, and a flex space that can be used as a study, play, or meditation area. Two additional large bedrooms feature an ensuite, a balcony, and breathtaking views. The home's bottom floor is a veritable oasis of relaxation and entertainment, featuring a bedroom with an ensuite, large office space, sauna, large family room, gym room, laundry room, and a 3-car garage. Perfect for hosting guests or spending quality time with family, this level offers ample space for everyone to unwind and enjoy. Step outside to the backyard and revel in the tranquil oasis that awaits you. Lounge in the serene sitting area, dip in the sparkling pool or relax in the soothing spa. The grass area is perfect for outdoor games or simply basking in the warm California sun. This grand estate is adjacent to the desirable North Gate of Beverly Park, close to many of the amenities Beverly Hills offers. Don't miss your chance to own this unparalleled masterpiece in one of the most exclusive neighborhoods in Beverly Hills. The manager has listed the unit size as 9757 square feet.
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| Feb 18, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017