28121 MILLER ROAD
About This Property
The main home is a beautifully designed 2-bedroom, 1.5-bath residence offering 1,350 sq. ft. of living space. Its expansive wraparound porch feels like an additional living area, perfect for relaxing mornings or entertaining guests while soaking in stunning sunrise views over the pastures. The second home, a cozy 1-bedroom, 1-bath cottage with 320 sq. ft. of living space, boasts its own large front porch overlooking the rolling family pastures, making it an ideal space for short-term rentals, a weekend getaway, or additional income-producing potential.
The property's amenities further enhance its appeal, with a massive open-air barn (80x80) that could easily transform into an enchanting wedding or event venue, offering rustic charm and a spacious layout. There is also a well-equipped workshop (40x60) with power and water, accompanied by attached storage, providing versatility for projects or business operations. The fully perimeter-fenced property includes several fenced pastures, making it ideal for livestock, equestrian use, or agricultural pursuits. With its stunning natural beauty, rich history, and unique setting, this ranch presents endless opportunities. It could serve as a multi-generational homestead, a serene retreat, a short-term rental destination, or a thriving event venue. The possibilities are as limitless as the views from the charming porches that grace each home. The sellers are also offering the unique opportunity to purchase the property's stunning collection of antiques and charming collectibles outside of the real estate transaction. These carefully curated pieces, full of history and character, perfectly complement the ranch's timeless appeal and would provide a truly turn-key experience for the next owner. New well in 2019
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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 |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Feb 21, 2025 | In contract | - | |
| In contract | |||
| Jan 10, 2025 | Listed by FLORIDA CRACKER PROPERTIES | $595,000 | |
| Listed by FLORIDA CRACKER PROPERTIES | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017