2923 Canonita Dr
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%.
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 |
|---|---|---|---|
| May 18, 2025 | Listed | $1,650,000 | |
| Listed | |||
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Hilltop Haven in Gird Valley with Expansive Vineyard Views. Experience the essence of tranquil luxury in this exceptional hilltop estate nestled in the heart of Gird Valley, where panoramic views stretch across the Monserate Winery and rolling countryside. Thoughtfully designed for flexibility, the property naturally lends itself to multi-generational living, with multiple private living spaces ideal for extended family, guests, or rental opportunities. Set on a private lot surrounded by ancient oak and ash trees, the single-level main residence offers refined comfort and seamless living, spanning approximately 2544 square feet. Natural terracotta tile flooring and an open, functional layout create a welcoming sense of space and flow. Large windows and glass doors throughout the home draw in natural light and showcase stunning views from nearly every room. The kitchen is a culinary showpiece, featuring striking Brazilian Quartzite countertops, a spacious island with bar seating, white cabinetry enhanced by under-cabinet lighting, high-end stainless steel appliances, a farmhouse sink, and a picture window that captures the surrounding landscape. The open-concept living and dining areas offer a warm, inviting atmosphere, anchored by a central fireplace. Two generous primary suites provide private retreats within the home. One suite features glass doors opening to a private patio, a spa-style ensuite bathroom, and a massive walk-in closet, creating a peaceful escape from the everyday. Adding tremendous versatility are two separate and fully equipped guest units—one approximately 900 square feet and the other 300 square feet—each with its own kitchen, bedroom, and bathroom. Perfect for accommodating extended family, visiting guests, or income-generating rentals, these detached ADUs are designed for comfort and privacy. Eco-friendly living is supported by 37 fully owned solar panels, while the expansive wrap-around patio offers the perfect place to unwind or entertain, with unobstructed views and quiet surroundings. The property also includes a graded area suitable for RV parking or the future addition of a workshop. Offering elegance, space, and exceptional adaptability, this one-of-a-kind estate is ideal for those seeking a peaceful lifestyle with multi-generational or rental potential—all in one of Fallbrook’s most scenic and desirable settings. Do not miss the included Tesla 48 Amp car charging system in the garage.
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| Jun 28, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed by Compass | $750,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017