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267 Pheasant Run
About This Property
Designed for entertaining and everyday living, the main residence features multiple gathering spaces. A formal living room welcomes you, while the casual living room off the kitchen is filled with natural light from oversized windows. A cozy fireplace and peaceful forest views create the perfect place to unwind.
The formal dining room is currently styled as an entertainer's bar and lounge but can easily return to a traditional dining space. The open kitchen features granite countertops, new stainless-steel appliances, generous cabinetry, and a seamless connection to the surrounding living areas.
The spacious primary suite includes a spa-inspired bathroom with dual vanities, a glass-enclosed shower, and a Jacuzzi soaking tub recently refurbished with all-new jets and a new air switch. Generously sized guest rooms and well-appointed bathrooms provide comfort throughout.
Outdoor living is where this property becomes unforgettable. The expansive upper deck offers room for dining and entertaining beneath mature trees, while the lower patio creates another inviting gathering area. A custom stone fireplace transforms the backyard into a private mountain resort-perfect for summer dinners, autumn evenings, and snowy nights by the fire.
The attached guest house includes a large living area, full kitchen, dedicated laundry, and spacious private bedroom. It offers excellent flexibility for extended family, guests, a private workspace, or other permitted uses.
Recent upgrades include new toilets throughout, a newer water main installed approximately 20 months ago, new kitchen appliances, the refurbished primary-bath Jacuzzi, and numerous additional improvements. A whole-house fan, whole-house generator, and abundant storage add convenience and peace of mind.
More than a mountain home, this is a private retreat, an entertainer's dream, and a flexible multigenerational estate. With its guest house, indoor-outdoor living, nearly one wooded acre, gated privacy, and coveted Lake Arrowhead lake rights, Cedar Ridge delivers an extraordinary lifestyle and rare value.
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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 |
|---|---|---|---|
| Aug 11, 2026 | Price Decreased |
$1,390,000
↓ $60K
(4.1%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| May 31, 2026 | Price Decreased |
$1,500,000
↓ $70K
(4.5%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$1,570,000
↓ $25K
(1.6%) | |
| Price Decreased | |||
| Dec 11, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $1,595,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017