28741 Williams Canyon Rd.
About This Property
Infrastructure is already in place, including some installed retaining walls, electricity, water, and phone service. There is also an installed septic system, propane tank and a fresh water well. The permitted partially completed pool could be transformed into a spectacular infinity-edge pool overlooking the surrounding hills and natural landscape. The property also includes drainage improvements designed to divert water runoff.
Plans were previously designed for an impressive three-level, 28,000 sq ft custom Scholz Design estate, and the Orange County Fire Authority had approved the proposed design and setbacks for construction at the time. The property also benefits from legal recorded access via Williams Canyon Rd., providing secure and an undisputed entry.
This lot offers the opportunity to truly live off the grid if desired. Build your forever home, create a private estate compound, keep horses, raise farm animals, or plant orchards or vineyards. This is an incredibly rare chance to create a luxury retreat with key infrastructure already in place.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Aug 17, 2026 | Price Decreased |
$1,050,000
↓ $30K
(2.8%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$1,080,000
↓ $40K
(3.6%) | |
| Price Decreased | |||
| Mar 6, 2026 | Listed by Realty One Group West | $1,120,000 | |
| Listed by Realty One Group West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017