301 Riviera Drive
About This Property
This home features a three-car garage and it's all level-entry. No steps-just walk right in. Everything you need is on the main floor: an expansive living room with high-beamed ceilings and a beautiful brick fireplace, a kitchen that's got everything, and a dining area that seats 8-10 easily-perfect for hosting. The master suite? It's got its own deck, another fireplace, huge walk-in closet, and a luxurious en-suite bathroom.
Downstairs, there's a family room set up as a movie projector room-imagine the entertainment! Plus, four large bedrooms, one is even set up as an office now, but easily switches back. The bottom floor is particularly impressive: originally featuring a seventh bedroom, we opened it up to expand the bar area-now it's huge, perfect for hosting the most fantastic gatherings after a round of golf. Additionally, there's a second primary suit on this level with a walk in closet and an en suite bathroom, providing ultimate comfort and privacy.
We've got air conditioning, of course, and a dedicated golf cart area with a direct path to the golf course. And with a generator, you never have to worry about losing power. Folks, this is a rare chance to own one of Lake Arrowhead Country Club's most talked about homes. It's a fantastic home, in a fantastic location, and it's been taken care of fantastically. Don't miss out-truly, they don't make them like this anymore!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Oct 30, 2024 | Price Decreased |
$1,390,000
↓ $159K
(10.3%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $1,549,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017