45 Scenic Hills Drive
About This Property
This undeveloped wooded parcel offers a peaceful setting while remaining conveniently located near major amenities and commuting routes. The landowner has requested a zoning determination for the construction of a single-family residence with 3–4 bedrooms and 2 bathrooms.
A major advantage of this property is that Town water and Town sewer are available in the street, offering added convenience for future development compared with properties that require private well and septic systems.
The location is ideal for commuters and everyday needs, with easy access to the Taconic State Parkway, shopping centers, hospitals, colleges, and Metro-North train service.
According to the Town of LaGrange zoning determination, the parcel is considered a non-conforming property and is subject to a non-conforming residential setback relief map overlay. The Scenic Hills subdivision was originally approved in 1966 under the former R-15 zoning regulations. Due to the age and original approval of the subdivision, the property may have certain setback relief considerations for development, subject to Town review, approvals, and applicable permits.
Before moving forward, buyers should confirm the final buildable area, setback requirements, utility connection availability and fees, driveway and access requirements, and all building permit requirements directly with the Town of LaGrange.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Listed by Houlihan Lawrence Inc. | $150,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Aug 24, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by RE/MAX Prestige Properties | $60,000 | |
| Listed by RE/MAX Prestige Properties | |||
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Build your dream home in the Arlington School District, town of LaGrange. This beautiful parcel is located in the highly desired subdivision of Scenic Hills. This parcel features the advantages of TOWN WATER AND TOWN SEWER IN THE STREET! This commuter's dream location is less than a mile to the Taconic State Parkway, with shopping malls, hospitals, colleges, and Metro North trains all nearby. This amazing opportunity will not last, visit today.
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| Apr 15, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017