1
Map
394 Emerald Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Oct 5, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $899,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
| | |||
|
Relax and enjoy a view of the lake from almost every window in this updated cabin-style home. Perfect as a weekend getaway or full-time mountain retreat, the residence features a spacious layout flooded with natural light through expansive glass windows and sliding doors leading to the deck—ideal for al fresco dining and evening fireside relaxation under the stars.
The main level includes a full bathroom and bedroom opening to the deck; upstairs, the primary suite offers a luxurious lake-view bathtub. The home has been tastefully renovated with hardwood floors, stainless steel appliances, dual-pane windows, a modern tankless water heater, central HVAC, and a wood-burning fireplace. Three workshop/storage areas under the home provide ample space for lake toys, tools, and gear.
With full lake rights and close proximity to the marina, lake trails, Peninsula Park, and MacKay Park (pickleball, dog park, playground), this home combines the serenity of mountain living with easy lake access and outdoor enjoyment every season.
The Home is also an Active and very successful AIRBNB
| |||
| Sep 5, 2025 | Price Decreased |
$994,000
↓ $40K
(3.9%) | |
| Price Decreased | |||
| Aug 12, 2025 | Price Decreased |
$1,034,000
↓ $15K
(1.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017