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28089 Point Hamiltair
About This Property
Extensively redesigned inside and out by noted architect David Abbott, with a full-scale construction remodel completed between 2004–2006, the home is a true expression of old-world European craftsmanship-not a reinterpretation, but a fully realized architectural statement brought to life with enduring quality and intention. Every detail has been thoughtfully executed, blending timeless design with modern comfort.
Positioned behind the gated entry of the prestigious Point Hamiltair community, with a dramatic stone approach and directly across from the Lake Arrowhead Village, the home unfolds with a true sense of arrival-reminiscent of a Cotswolds manor. Inside, exposed timber beams, hand-chiseled woodwork, custom wrought iron, and layered artisan finishes create a warm, richly detailed interior.
The residence has been extensively renovated and upgraded throughout. Custom cabinetry, handmade doors, and one-of-a-kind custom woodwork crafted on-site reflect a level of care and craftsmanship rarely seen. Fireplaces feature hand-painted tile by Nancy Grace, complemented by hand-carved mantels that anchor each living space.
The primary suite is designed as a private retreat, featuring a statement chandelier, hand-painted mosaic tile, steam shower, and spa-quality finishes. Architectural enhancements-including added dormers and custom built-ins-elevate both livability and design.
Modern systems are fully integrated, including Control4 smart home automation, a Lutron lighting system, surround sound, a whole-house generator, and a commercial-grade elevator. Major infrastructure improvements such as a synthetic slate roof, comprehensive drainage system, and a recently rebuilt seawall by Kiwi Dock ensure long-term durability and peace of mind.
Outdoor living is equally refined, with flagstone hardscape, artificial turf, custom railings, and seamless access to the lake and docks.
This is a rare opportunity to own a true legacy estate-where premier lakefront positioning, architectural significance, and uncompromising craftsmanship converge in a way that is nearly impossible to replicate.
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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%.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Relisted | $8,250,000 | |
| Relisted | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Price Decreased |
$8,250,000
↓ $1M
(10.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017