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4305 Groves Place
About This Property
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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 6, 2026 | Price Decreased |
$1,900,000
↓ $3M
(57.8%) | |
| Price Decreased | |||
| Jun 27, 2026 | Listed by JohnHart Real Estate | $4,500,000 | |
| Listed by JohnHart Real Estate | |||
| Apr 26, 2025 | Price Decreased |
$7,999,999
↓ $4M
(33.3%) | |
| Price Decreased | |||
| Oct 20, 2024 | Listed | $11,999,999 | |
| Listed | |||
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Embrace the opportunity to own an exquisite 13-acre estate that seamlessly blends agricultural richness with unparalleled natural beauty. This enchanting property features 2,973 flourishing coffee trees and 2,150 robust avocado trees, offering both a lucrative farming passion and a tranquil retreat. Imagine waking up to the gentle rustle of leaves and the intoxicating aroma of coffee blossoms, all set against the backdrop of breathtaking ocean and majestic mountain views. This exceptional property boasts approved site plans for a magnificent 3,000 square foot home, with the majority of permits already secured from the county. Design your dream residence to take full advantage of the stunning vistas, where every window frames a picturesque scene of nature’s splendor. This is more than just a property; it’s a canvas for a luxurious lifestyle infused with the charm of rural living and the sophistication of modern comforts. Don’t miss this rare opportunity to own a remarkable estate that promises both serenity and success. Secure your future in this idyllic setting today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017