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27423 North Bay Road
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 |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Relisted | $5,150,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jun 15, 2023 | Listed by WHEELER STEFFEN SOTHEBY'S INTERNATIONAL REALTY | $5,150,000 | |
| Listed by WHEELER STEFFEN SOTHEBY'S INTERNATIONAL REALTY | |||
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Exclusive Rainbow Point Gated Community Lake Front Home! This turnkey masterpiece has it all and more. You will be entranced by the high vaulted wooded mountain lodge ambience with a wall of windows overlooking the spectacular views of the lake, your private boat slip and 100 feet of shoreline. Exceptional floor plan with decking on all levels to enjoy all aspects of Lake Arrowhead. The main level has a warm and inviting foyer that leads to the living room with a wall of glass, amazing brick fireplace and open concept to the dining area. The gourmet's delight kitchen is equipped with granite counters, breakfast bar, large center island, a separate panty "room" and top of- the-line appliances. Of course, the Primary Suite is located on the main level with a cozy brick fireplace and additional loft/office/storage area, ensuite, walk in closet and direct access to the deck. The next level features a family room with a massive granite fireplace and wet bar, 4 additional ensuite bedrooms, office, and of course another large deck with a spa. Then for your added enjoyment and ultimate entertainment, the next level has a pool table room with another fireplace, additional game area currently equipped with a ping pong table, and another ensuite bedroom. There is also a space that could be a perfect wine cellar but has been left for the next owner's imagination. The garage is street level and oversized with direct access into the home. At lake side, relax on your private terraced sitting areas. A total of 6 bedrooms, 6.5 baths, office, 5 fireplaces, 2 laundry areas, 4 entertaining rooms, single slip dock with cover and boat lift, massive decking, generator, air conditioning, and furnished for a turn-key purchase.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017