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3918 Skyline Drive
About This Property
Designed to capture both comfort and connection to the outdoors, the home features soaring cathedral ceilings and expansive windows that fill the open-concept living spaces with natural light while framing the mountains beyond. A dramatic rock fireplace anchors the main living area, creating the perfect gathering space after a day exploring the mountains.
With approximately 4,100 square feet, this thoughtfully designed home offers 3 bedrooms and 4 baths, including convenient main-level living with a bedroom and laundry on the main floor. Upstairs, the spacious primary suite serves as a private retreat complete with a freestanding electric fireplace, spa-inspired bath with jacuzzi tub, dual vanity, and walk-in shower. A loft overlooking the living area provides flexible space for an office, reading nook, or additional lounge area.
The home was built with entertaining in mind. The finished lower level features a large recreation room with fireplace, a bar area with kitchenette, and an additional bedroom and full bath with sauna. With the pool table included, it's an ideal setting for hosting friends and family.
Outdoor living is equally impressive. Three covered decks, including a screened porch and a private balcony off the primary suite, offer multiple spaces to take in the surrounding landscape. Enjoy evenings in the eight-person hot tub, gather around the fire pit under the stars, or relax while surrounded by thoughtfully curated landscaping featuring vibrant flowering plants, mature trees, and seasonal blooms throughout the property.
The seller has invested in numerous improvements including a new concrete driveway, refreshed decks, copper porch accents, upgraded lighting, new kitchen appliances, updated bathrooms, and interior enhancements that add both style and functionality.
Short-term rentals are permitted, offering exceptional flexibility whether you're searching for a private mountain escape, full-time residence, or investment opportunity.
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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 |
|---|---|---|---|
| Aug 13, 2026 | Price Decreased |
$949,000
↓ $30K
(3.1%) | |
| Price Decreased | |||
| May 29, 2026 | Price Decreased |
$979,000
↓ $21K
(2.1%) | |
| Price Decreased | |||
| Apr 18, 2026 | Listed by COMPASS | $1,000,000 | |
| Listed by COMPASS | |||
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017