24818 Felsen Drive
About This Property
Nestled in the desirable San Moritz neighborhood of Lake Gregory, this uniquely charming A-frame cottage offers the perfect mountain retreat. Surrounded by established cedars and pines, the thoughtfully landscaped grounds provide privacy and year-round beauty, with mature blooms creating a serene, storybook setting.
This enchanting two-bedroom, one-bath cabin features warm wood flooring, abundant windows that flood the space with natural light, and a cozy wood-burning stove perfect for mountain evenings. The character-filled kitchen showcases custom cabinetry, hand-painted tile accents, and high-end appliances, while dimmable lighting sets the mood for any occasion.
One of the upstairs bedrooms opens to a private balcony-your personal sanctuary overlooking a multitude of towering trees and forest enchantment. Wake to inspiring mountain vistas and immerse yourself in the natural beauty surrounding this one-of-a-kind property.
The outdoor living space is truly special. A spacious brick patio invites entertaining and relaxation, while a whimsical storage shed and delightful playhouse with sleeping capacity add charm and functionality. The playhouse is perfect for guests, children, or a magical hideaway.
This Crestline cabin seamlessly blends rustic charm with thoughtful upgrades and enchanting outdoor spaces-ideal for a weekend escape, full-time mountain residence, or treasured getaway. Welcome home.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by LPT Realty, Inc | $349,900 | |
| Listed by LPT Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017