30
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28706 Palisades Drive
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%.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $1,995,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $1,425,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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This property is a one-of-a-kind, lavish lakeside oasis, designed by The Krafted Home. No detail has been overlooked, and every design choice has been intentionally considered to create an organic-modern masterpiece.
A meandering staircase leads down through the professionally landscaped hillside towards the home, nestled amongst oaks and cedars. You're greeted by a welcoming oversized front deck, overlooking the forest beyond. Enter on the middle floor to find the main living level with a circular flow around the home's central staircase. The kitchen features dolomite counters, quartzite flagstone floors and fluted cabinets. It opens to the dramatic dining room with lake views, custom recessed lighting and striking chandelier as focal point. A slider opens onto the expansive top deck, built around an old oak tree, continuing the theme of integrating the home's architecture with natural elements and creating a treehouse feel - this is the perfect spot to enjoy the crisp mountain air and secluded setting in the trees. Also on this level is the cozy living room with hand hewn woodwork, vaulted ceiling, porcelain tile floors, gas log fireplace and a half bathroom.
Upstairs is the luxurious primary suite, featuring a loft office space, walk-in closet, electric fireplace, romantic soaking tub with incredible views of the lake, a custom king sized headboard made from a 100 year old Ponderosa pine from Lake Arrowhead and en-suite bathroom. This bedroom is the ultimate retreat, designed for rest & relaxation. Downstairs is a den with a minibar which opens to the 2nd bedroom with a glass wall and drapes, creating a versatile space. Also on this level is the 3rd bedroom, laundry room and another bathroom with an oversized shower - don't miss the party lights! The den opens onto the lower deck, which has been engineered to support a spa. Underneath the home are two spacious storage rooms and easy access to the ALA trail nearby.
The home underwent an extensive remodel in 2022 - upgrades include: tankless water heater, furnace, halo whole house water filtration system, all new windows & doors, plumbing, electrical, blackout smart-control drapes & blinds, decks and concrete staircase down to home, interior and exterior paint, air conditioning and more! You will love the natural, raw aesthetic of this unique, lake rights treehouse.
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| Oct 31, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017