22750 Illahee Drive
About This Property
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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 |
|---|---|---|---|
| Mar 11, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Listed by Coldwell Banker West | $1,299,000 | |
| Listed by Coldwell Banker West | |||
| | |||
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Welcome to your private 9-acre retreat in the beautiful countryside of Alpine, CA—where modern comforts meet ranch-style living. This beautifully updated property offers endless possibilities for multi-generational living, income production, equestrian use, or simply enjoying wide-open space with stunning surroundings. Fully remodeled in 2022, the main home features 3 spacious bedrooms with an optional 4th, an open-concept layout, quartz countertops, a large pantry, whole-house water filtration, and smart-home upgrades. A cozy wood-burning stove anchors the living space, adding warmth and charm. Outside, the amenities are exceptional. A 10-stall barn includes a tack room, mud room with bath and laundry, and sits beneath TWO 1-bedroom 1-bathroom apartments—ideal for guests, extended family, ranch hands, or additional rental income. The equestrian facilities continue with a large arena, round pen, four usable pastures, three outdoor corrals, and a smaller pen—all ready for horses or livestock. This property is fully equipped for efficiency and self-sufficiency with two wells, two 5,000 gallon water storage tanks, owned propane, a tankless water heater, and 220V hookup in the garage. The oversized two-car garage received a new roof in 2020. Additional highlights include plentiful storage throughout the home and grounds. Enjoy direct access to riding trails right from your property—perfect for riding, hiking, or exploring the outdoors. A rare Alpine offering that blends modern luxury, ranch functionality, and income potential—all on an expansive, usable 9 acres.
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| Sep 13, 2019 | Sold | ||
| Sold | |||
| Mar 26, 2019 | Listed by Coldwell Banker West | $530,000 | |
| Listed by Coldwell Banker West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017