2609 Cedar Falls Way
About This Property
Set on 1.4 secluded acres, the residence welcomes guests with timeless charm and thoughtful design. The 2 bedroom layout is complemented by an expansive loft that serves as a sophisticated third sleeping suite, creating an inviting environment for families and upscale groups. Outdoors, a gentle creek borders the property, while the porch overlooks a serene pond--an enchanting backdrop where local wildlife, including the area's iconic black bears, often make an appearance.
Inside, the home has been meticulously reimagined with luxury and entertainment in mind. The former garage has been transformed into a state of the art gaming and media lounge--an amenity that sets this property apart and consistently delights guests. From cinematic movie nights to spirited game tournaments to evenings gathered around the fire pit, every moment here feels curated and memorable.
Just 200 feet from a neighborhood pool, the home offers a touch of resort style indulgence while maintaining complete privacy--an ideal balance for discerning travelers.
Financially, the property has already demonstrated impressive earning power, with peak years surpassing $120,000 in revenue. With optimized management, the potential for even stronger performance is clear. For investors seeking a high yield asset--or for those dreaming of a luxurious mountain escape that offsets its own cost--this property represents an extraordinary opportunity.
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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 |
|---|---|---|---|
| Apr 28, 2026 | Listed by Mountain Home Realty | $819,900 | |
| Listed by Mountain Home Realty | |||
| Jun 16, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Price Decreased |
$985,000
↓ $65K
(6.2%) | |
| Price Decreased | |||
| Jan 11, 2024 | Listed by Legacy Property Sales, LLC DBA Keller Willaims | $1,050,000 | |
| Listed by Legacy Property Sales, LLC DBA Keller Willaims | |||
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Welcome to this meticulously maintained cabin, nestled on nearly 1.5 acres of serene beauty. Sit back on the front porch and soak in the picturesque view of the pond while the soothing sounds of a nearby creek create a tranquil backdrop. With 2 bedrooms, 2 full baths and 2 half baths. A versatile loft doubling as a 3rd bedroom, this retreat comfortably accommodates up to 16 guests. Inside, discover a stunning kitchen featuring granite countertops, perfect for whipping up delightful meals. The spacious living room boasts a charming fireplace and a staircase leading to the inviting loft. Step into the fantastic garage-turned-arcade, complete with a pool table upstairs and a convenient half bath. Just a short stroll away, find the playground and pool, adding to the community's allure. Additional perks include a brand new hot tub, range, living room TV, and three fireplaces. Elevate your leisure time with two brand new arcade games valued at over $25,000. This property seamlessly blends relaxation, entertainment, and investment potential, offering a unique opportunity to own a cabin retreat with a touch of luxury and excitement. The manager has listed the unit size as 3419 square feet.
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| Jan 1, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017