2736 Mountain Preserve Drive
About This Property
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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 |
|---|---|---|---|
| May 28, 2023 | No longer available | - | |
| No longer available | |||
| May 26, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2023 | In contract | - | |
| In contract | |||
| Jan 21, 2023 | Price Decreased |
$1,450,000
↓ $150K
(9.4%) | |
| Price Decreased | |||
| Sep 15, 2022 | Listed by Legacy Property Sales, LLC DBA Keller Willaims | $1,600,000 | |
| Listed by Legacy Property Sales, LLC DBA Keller Willaims | |||
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BEAUTIFUL MOUNTAIN VIEWS from this LUXURY LOG CABIN located in prestigious The Preserve Resort! This spacious 5 bedroom, 5.5 bathroom luxury cabin is spread out over 3,874 sq.ft. of 3 exceptionally crafted levels and boasts 3 living areas, a game room and theater room. There is also a locked area that the seller is currently using as storage, but could easily be finished to create an additional bedroom. It has already been framed and has heat/air. Upon entry, your eyes will immediately be drawn to the views just beyond the main living area. The fully equipped kitchen, with its gleaming stainless appliances, is separated from the dining area by a breakfast bar. The comfortable living area, complete with a large stacked stone fireplace, leads way to a massive deck with plenty of seating options, as well as an outdoor hot tub overlooking the incredible mountain vistas. The main level is also home to two large bedrooms, each with an en-suite bathroom featuring both a standup shower and jetted tub. Upstairs you'll find the second living area, which includes a gaming area and deck access. The upper level is also home to the remaining 3 bedrooms with full en-suite bathrooms. Head downstairs for a movie night in the theater room with stadium seating for 10, or spend some time in the 3rd living area & game room. You'll also find a mini bar area, convenient half bath, & laundry room on the lower level. The Preserve Resort features a Chapel, weight room, sauna, outdoor pool & pavilion overlooking incredible mountain views! Local management company offering $150K income guarantee. 2022 income was $120,153.87, plus 36 nights blocked by seller for an estimated $25K-$30K in additional potential income. The manager has listed the unit size as 3874 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017