3849 RANCHO SUMMIT DR
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | Listed by HomeSmart Realty West | $3,295,000 | |
| Listed by HomeSmart Realty West | |||
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RARE SINGLE STORY IN OLIVENHAIN’S PRESTIGIOUS ONE OAK!! Pure luxury set on an elevated 1.11- acre view lot, this stunning highly upgraded single-level home offers breathtaking panoramic mountain vistas, ocean views and sunsets. A private long driveway leads to the gated grand courtyard entry with fireplace and seating. The light & bright open floor plan offers; 4 car garage, 10 foot ceilings, large dining room/bar equipped with dual wine fridges, chefs kitchen with top of the line Thermador appliances and dual dishwashers, luxurious stone and marble counters and backsplash, spacious butler pantry with refrigeration, storage cabinets, a sink and large pantry. The oversized island has seating for 8, opening up to a grand great room and additional dining room with oversized multi stacking glass doors that capture the sweeping views all around and seamlessly blends the indoor outdoor living. Outside in the resort style yard you will find a large wrap around lanai with plenty of space for entertaining/living, TV/fireplace wall, and alfresco dining. A modern salt water pool & spa with waterfalls, built in BBQ island with bar seating, large fire pit with banquet seating and steps that lead down to a tranquil yoga grass area. This very special home seamlessly merges modern sophistication with the surrounding natural beauty. Retreat to the generously sized luxurious primary suite, where stunning mountain views surround, the spa-inspired primary bath offers dual vanities, a soaking tub, a walk-in shower, a private outdoor shower and an oversized walk-in closet with custom cabinetry. Down the hall you will find a guest suite that features sliding glass doors that open to a covered lanai, offering a peaceful retreat for visiting guests. A versatile bonus room, perfect for an office or a 5th bedroom, and an additional two other great sized bedrooms with en suite baths, generous sized laundry room with loads of cabinets for storage. A fully outfitted garage gym, owned solar, located in a top rated school district. This home really has it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017