42 Castellana
About This Property
This home features one full bedroom and bath on the first floor, ideal for guests or multi-generational living. Upstairs, the spacious primary suite includes a walk-in closet and a spa-like bathroom with dual sinks and an oversized shower. Additional secondary bedrooms are generously sized and offer great flexibility for family, office, or guests.
Residents of Baker Ranch enjoy access to resort-style amenities including multiple pools, parks, sports courts, playgrounds, clubhouses, and beautifully maintained outdoor spaces-all with no Mello-Roos and low HOA. Conveniently located near shopping, dining, and major freeways. This is a wonderful opportunity to own an exceptional home in one of Lake Forest's most sought-after communities!
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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 |
|---|---|---|---|
| Jan 26, 2026 | Sold | ||
| Sold | |||
| Dec 31, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by Real Broker | $1,618,000 | |
| Listed by Real Broker | |||
| Oct 2, 2025 | Price Decreased |
$1,649,800
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Aug 7, 2025 | Listed | $1,699,800 | |
| Listed | |||
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Welcome to 42 Castellana, Lake Forest — an impressive modern luxury residence nestled in one of the most desirable communities in Lake Forest! This thoughtfully upgraded home boasts an open and airy floor plan filled with natural light and soaring ceilings. Featuring 4 spacious bedrooms and 3 bathrooms, including a luxurious primary suite with a spa-inspired bathroom and an oversized walk-in closet, this home offers the perfect balance of comfort, style, and privacy. The gourmet kitchen is a chef’s dream, complete with high-end stainless steel appliances, an oversized center island, and custom cabinetry — ideal for both everyday living and entertaining. Extensive upgrades throughout the home include designer chandeliers in the living area, custom window treatments, and more — all carefully selected to complement the modern design aesthetic. The home is move-in ready with no additional work needed — just bring your suitcase and settle in! The great room features a stunning double-height ceiling, allowing for abundant natural light to flood the space and creating an expansive, elegant atmosphere that’s perfect for both daily living and hosting guests. In addition to its exceptional features, this home also offers low property taxes, low HOA dues, and overall low cost of ownership — making it a rare opportunity for luxury living with long-term value. Located near top-rated schools, premier shopping, dining destinations, scenic parks, and offering easy freeway access, this exceptional home delivers both luxury and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017