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3948 Shady Ridge Drive
About This Property
Modern comforts include whole house water filtration and softening, reverse osmosis systems, newer 5-ton AC units, mini-split ACs, a Honeywell humidifier, HEPA air filtration, and a comprehensive alarm system with glass break sensors and motion detection. The home is wired for sound with over 40 integrated speakers, and surround sound in the primary bedroom and family room.
The resort-style backyard is an entertainer's paradise, featuring a huge outdoor kitchen with a hand-stained wood vaulted ceiling, granite island, BBQ, refrigerator, sink, and a wood-burning stone fireplace. Enjoy the custom 40,000-gallon pool, jacuzzi, waterfall with fiber optic lighting, fire pit, gazebo, and a custom redwood play set. The property is beautifully illuminated with 140 landscaping lights and secured by 12 Ring cameras.
Additional highlights include a 4-car garage with custom storage, a double-door garden shed, whole house fire sprinkler system, central vacuum, and a commercial built-in jewelry safe. This home offers privacy, security, and luxury at every turn-truly a rare opportunity in one of Corona's most sought-after communities. Homes do not come up very often in this neighborhood, so hurry on this one.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$2,799,900
↓ $25K
(0.9%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$2,824,900
↓ $75K
(2.6%) | |
| Price Decreased | |||
| Jun 5, 2026 | Relisted | $2,899,900 | |
| Relisted | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Listed by Keller Williams Realty | $2,899,900 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017