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41 Prairie Grass
About This Property
A charming porte-cochere, graceful archways, and mature landscaping create a memorable arrival. Inside, high ceilings, exposed wood beams, and expansive French doors bring warmth and natural light to interiors that open to multiple courtyards and terraces.
The great room features an airy, open space and beautifully proportioned living and dining areas, offering an elegant setting for entertaining. French doors connect the room to an intimate courtyard and the pool terrace. The kitchen, with a center island and casual dining area, opens to a spacious family room with access to the landscaped grounds and sweeping views. A richly paneled office and library provides a distinguished retreat with custom millwork and a coffered ceiling.
Privately situated overlooking the gardens, the primary suite features an elegant bath with dual vanities, a freestanding soaking tub, separate shower, and three walk-in closets. A secondary en suite bedroom and detached casita provide comfortable accommodations. The casita includes a living room, kitchenette, bedroom, and full bath. Additional highlights include a pool bath with shower and no steps within the home. Please inquire about the potential for a fourth bedroom.
Outdoors, thoughtfully designed spaces invite relaxation and entertaining. A secluded pool and spa terrace, framed by stately potted trees, evokes a private resort. A sheltered dining loggia with barbecue and fireplace welcomes year-round gatherings, while an expansive lawn stretches toward rolling terrain and glowing sunset views.
Set within one of Orange County's most distinguished communities, this residence combines privacy, natural beauty, and an exceptional lifestyle. Shady Canyon amenities include a resort-style pool, tennis and pickleball courts, and scenic walking and hiking trails, all just moments from the coast.
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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 19, 2026 | Listed by Coldwell Banker Realty | $7,995,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017