228 Lower Walden Road
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 |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$6,495,000
↓ $255K
(3.8%) | |
| Price Decreased | |||
| Aug 8, 2026 | Price Decreased |
$6,750,000
↓ $200K
(2.9%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Coldwell Banker Realty | $6,950,000 | |
| Listed by Coldwell Banker Realty | |||
| May 14, 2025 | Listed | $7,995,000 | |
| Listed | |||
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Offered for the first time in nearly 50 years, this extraordinary Carmel Highlands estate is a once-in-a-generation opportunity for coastal privacy and convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos, Yankee Point, and endless Pacific. The orientation of the house enables views of the sun dropping into the ocean every night of the year. The architectural soul of the home has remained intact, with major renovations executed so seamlessly that they feel original. Spanning four levels, the main house features sophisticated finishes, a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style laid brick lend warmth and timeless character in the library and living room. The lot is comprised of two lots of record and is ~ 2 flat, usable acres with mature landscaping, tranquil fountains, and a rare natural spring. A detached, 2-bay garage and private guest studio offer flexibility for hosting or options for on-property caretaking. Studded with redwoods and screened by mature hedges, the property offers serenity, security, and the ultimate in coastal privacy. This is not just another house, it's a legacy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017