23982 MILL WHEEL PLACE
About This Property
Tucked against protected open space, this refined residence offers a rare sense of privacy and tranquility while delivering exceptional flexibility for modern living. Thoughtfully designed with both a main-level bedroom suite and an additional upper-level primary suite, the home adapts beautifully to multigenerational living, long-term comfort, and evolving lifestyle needs.
Generous proportions define every space-from the soaring two-story living room filled with natural light, to the gourmet kitchen that anchors everyday living and effortless entertaining, to the inviting sunroom overlooking a peaceful backdrop of mature trees. Five bedrooms and five-and-a-half baths ensure privacy and comfort for guests and residents alike, while three additional upper-level bedrooms provide ample accommodation. The finished lower level elevates entertaining with a spacious recreation room, wet bar, and full bath, while multiple unfinished areas present a rare opportunity to customize-whether for a home theater, fitness studio, wine room, or additional living quarters. Outdoor living is equally compelling, with a generous deck overlooking wooded views and a welcoming full front porch ideal for morning coffee or evening conversations. With room to expand and a layout designed to grow with you, this home blends luxury, flexibility, and serenity into one exceptional offering.
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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 |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | In contract | - | |
| In contract | |||
| Jan 31, 2026 | Listed by Hunt Country Sotheby's International Realty | $1,325,000 | |
| Listed by Hunt Country Sotheby's International Realty | |||
| Sep 24, 2020 | Sold | ||
| Sold | |||
| Aug 23, 2020 | No longer available | - | |
| No longer available | |||
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About Loudoun
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017