25285 Forest Lake Drive
About This Property
Situated in the exclusive Arrowhead Highlands atop Lake Gregory Drive, is this Big, Bold & Beautiful 5 Bedroom Residence. Recently restored by the present owners. Gorgeous Oak Floors, soaring Ceilings, beautiful Chandeliers', Mantled Fireplace, custom door fixtures a so much more! You will love this place! There are 3 upgraded and immaculate Bathrooms in the main Residence. The Kitchen is the focal point with Granite Counters, Center Island, Stainless Steel Refrigerator, Separate Chef's Wet Bar & combines with the Family Dining Area as one Entertaining Space! The Sellers (Dog Lovers) have enclosed the most unique indoor space for their dogs during winter nights!! This enclosed Room could also be used as a Studio, Hobby Room or Office! One Bedroom has floor to ceiling Bookshelves used as Library & there is the most splendid Balcony overlooking the Living Room, Ideal space for a Piano!! The Garage is oversized with workspace & Level Entry. The Sellers have lovingly nurtured their Rose and Vegetable Gardens and Fenced the property! There are several Decks, Balconies & grand spaces for Outdoor Entertaining! For those who need to COMMUTE, this location is PERFECT as you are just at the top of the Hill which allows for immediate plowing & quick access down the 2 lane 18 Highway! BONUS: In addition to this stately upper Residence is a Lower Level which is a self-contained refurbished space with separate entry, kitchenette & 3/4 Bathroom. Appliances! What could you sue this space for!? If you see no other property, see this one!
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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 25, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2023 | Listed by LYNNE B WILSON & ASSOCIATES | $789,000 | |
| Listed by LYNNE B WILSON & ASSOCIATES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017