28842 Banff Drive
About This Property
Nestled in a picturesque setting, close to the lake, is this beautifully updated and well-maintained home that blends timeless charm with modern comforts. Featuring soaring ceilings and expansive windows, natural light pours into every corner, creating a bright and airy ambiance.
With 3 bedrooms and 2 bathrooms, this thoughtfully updated home boasts newer decks, windows, and kitchen and bathroom renovations. The open-concept living area offers breathtaking distant views and with several outdoor decks, makes for the perfect retreat for relaxation or entertaining.
With a bedroom on each level, the lower level can be used as in-laws or quest quarters with additional living area and partial kitchen. Enjoy the convenience of dual access, ideal for easy entry and added privacy. Whether you're sipping coffee on the deck, taking in the serene surroundings, or cozying up by the fire, this home offers a true escape while remaining close to modern amenities. Close to all activities to enjoy four-season mountain-lake life.
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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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 10, 2025 | In contract | - | |
| In contract | |||
| Apr 4, 2025 | Listed by ARROWHEAD PREMIER PROPERTIES | $489,000 | |
| Listed by ARROWHEAD PREMIER PROPERTIES | |||
Property Highlights
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About Lake Arrowhead
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017