28163 Lookout Point Lane
About This Property
Featuring 4 bedrooms and 2.5 bathrooms, the thoughtfully designed layout provides both functionality and privacy. The SPACIOUS PRIMARY SUITE includes dual his-and-hers closets, an extra-large double vanity, and an oversized soaking tub. Enjoy beautiful backyard views from the comfort of your own bed. Updated light fixtures and faucets have also been installed throughout the home. The kitchen is designed for both everyday living and entertaining, showcasing a large center island, new pendant lighting, new Samsung appliances, and a cozy breakfast nook. It flows seamlessly into the living areas and out to the backyard - where this home truly shines.
The private backyard offers MOUNTAIN VIEWS, a custom OUTDOOR KITCHEN, Alumawood patio covers, and a spa. Mature landscaping includes 15+ queen palm trees, creating a stunning resort-like atmosphere. The backyard also offers five different FRUIT TREES: lemon, lime, grapefruit, plum, and pomegranate. The upgraded landscape design also includes a fully automated irrigation system. The home is equipped with an owned solar system and a LOW HOA.
Living in Heritage Lake means access to INCREDIBLE COMMUNITY AMENITIES including two pools, a splash pad, multiple playgrounds within walking distance, fishing, and a massive sports park with tennis courts, basketball courts, and soccer fields. The elementary and middle schools are conveniently located within the neighborhood, and you're just minutes from shopping, restaurants, and Menifee Lakes Golf Course.
This is more than just a home - it's a lifestyle.
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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 8, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by Trillion Real Estate | $675,000 | |
| Listed by Trillion Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017