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28879 Sycamore Drive
About This Property
Discover a rare opportunity to own approximately 45 acres of land with a cabin conveniently located just off Highway 18 in Lake Arrowhead communities, Skyforest.
Surrounded by mature trees and breathtaking mountain scenery, the expansive property offers exceptional potential. Formerly known as Wylie Woods Retreat and once home to the Old Presbyterian Church Conference Center, the land has a rich and memorable history. According to the seller, the former hotel and lodge structures were destroyed in the 2003 Old Fire, creating an opportunity to reimagine the property for a new era.
The offering consists of three parcels totaling more than 44 acres, with several hundred feet of frontage along Highway 18. Known as Wonderland, the current access is on Sycamore Drive. The property borders Sycamore Drive, part of Green Briar and extends toward Cumberland Road, adjacent to SkyPark at Santa's Village.
Nestled among the trees is a charming rustic cabin with four bedrooms and four bathrooms. Easy access. Come experience the magic of Skyforest and envision what you could create in this exceptional mountain setting. PLEASE NOTE: The cabins sits on 44+ acres consisted of 3 parcels, the $/sf shown is calculated with only one of the smallest parcel.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by RE/MAX LAKESIDE | $4,800,000 | |
| Listed by RE/MAX LAKESIDE | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/04/2023
| |
Loft
|
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|
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$5,900,000
Loft
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Clark Hahne
CAPRE
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Building Info
- 3 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017