39767 Esplendida Way
About This Property
With all ~21 acres now designated as "least sensitive", this property is in the process of being divided into 4 separate 5-acre parcels, with each of the 3 additional projected pads having Top of The Hill Views and ranging between 15,000-22,000 sqf of flat/usable/buildable surface. 5 acres is the minimum size, and most recent sales with similar views have been at 449k and 530k.
This amazing Property offers various lucrative opportunities: (1) Build your custom home, guest houses/ADUs, workshop/barn, and grow a Vineyard or Orchard on the remaining land; (2) Complete the Split and sell off 3 lots, with proceeds covering the cost of the parcel you keep, and funding part your construction; (3) Take it a big step further and build Spec Homes on each lot, with the potential of 6-7-figure profits per lot.
HOA dues are just under $200/per acre/per year. HOA is actively exploring PAVING OF THE ROADS, expected to happen in the next 1-2 years, and thus increasing the value and desirability of the properties even more. Even if you do nothing but holding, the value of your property will grow given the scarcity and future road improvement.
Listed By
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 |
|---|---|---|---|
| Apr 19, 2026 | Listed by BOLD Realty Group | $878,000 | |
| Listed by BOLD Realty Group | |||
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | In contract | - | |
| In contract | |||
| Jan 7, 2025 | Relisted | $485,000 | |
| Relisted | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017