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27231 Ridge Trail
About This Property
The experience begins with a private ascent, leading to a west-facing home defined by seclusion and panoramic views filled with natural light from every room. The heart of the home centers around a breathtaking great room, where soaring 20+FT ceilings, bespoke lighting, and massive windows frame sunset mountain views as living art. This space flows effortlessly onto an expansive 350 SF deck that was completely rebuilt with new framing, Trex decking, and modern railing systems.
The new chef's kitchen features leathered quartzite counters, custom cabinetry, an oversized island, a dedicated pantry with rollouts, and a hand-crafted range hood alongside a new suite of appliances. Boasting entirely above-grade square footage, the open floor plan is designed for hosting and modern-day living.
Upstairs, the oversized primary suite is a true sanctuary perfectly positioned to capture those incredible views. It presents a 5-piece bathroom with an expansive wetroom, freestanding tub, walk-in closet, and a private Trex terrace. In a rare find, every upstairs bedroom offers its own walk-in closet.
For the organized mountain lifestyle, the laundry and mudroom off the garage provides seamless storage with built-in cabinetry. The exterior is finished in durable stucco with fresh paint, new doors and a newly redone driveway. With quick access to trails, dining and Highway 285, this fully transformed Conifer home delivers the best of both worlds: seclusion and convenience.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017