28616 Shenandoah Drive
About This Property
Step inside to soaring ceilings and an open, airy layout that makes the home feel bright and welcoming. Every detail has been carefully chosen, from the Tilda chandelier to the leathered quartzite countertops and un-lacquered brass fixtures, adding just the right mix of modern warmth and style. With 3 ensuite bedrooms and a flexible game room (easily converted into a fourth ensuite), there's plenty of space for family and friends. The primary suite is perched upstairs, offering incredible lake and mountain views, while the main level features a bunk room, plus another ensuite bedroom for added comfort and privacy. A spacious game room downstairs can easily be converted into a 4th bedroom, giving you plenty of flexibility.
Outside, two expansive decks invite you to take in the views, and relax in the hot tub under the stars. And with a strong rental history, this home is completely turnkey - whether you're looking for an investment property or your own personal getaway.
Best of all, the lake is just a 5 minute walk away, and lake rights give you full access to all the outdoor fun. When you're ready to explore, local shops, restaurants, and attractions are all within easy reach. If you're looking for a home that blends privacy, modern comfort, and effortless access to everything Lake Arrowhead has to offer - this is it.
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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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Mar 3, 2025 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $1,495,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
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About Lake Arrowhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017