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468 Sky View Ridge Drive
About This Property
From the moment you arrive, you're greeted by breathtaking lake and tree views framed by soaring high-beam A-frame ceilings and an iconic wall of windows. Natural light pours into the open-concept living space, where wide plank European white oak floors and a floor-to-ceiling stone fireplace create the perfect balance of warmth and sophistication. The spacious living area is ideal for entertaining, with abundant seating to relax and soak in the views.
The gourmet kitchen is a designer's dream, featuring marble countertops, custom cabinetry, a show-stopping Ilve Italian range, European fixtures, and a convenient pass-through shelf that connects directly to the expansive outdoor dining area. Step outside to your wrap-around deck, thoughtfully designed with multiple lounge and dining zones, a built-in BBQ area, and serene spaces to enjoy al fresco meals beneath the stars.
The main-level primary suite is a tranquil retreat with a walk-in closet and spa-inspired ensuite bathroom, complete with marble counters, a custom tile steam shower, and luxury plumbing fixtures. Upstairs, two bright guest bedrooms with vaulted ceilings share a stylish full bath with a walk-in shower and designer vanity. The lower level offers a brick-floored entertainment lounge with a second fireplace, wet bar, game area, ¾ bath, and direct access to the fenced yard and lower patio.
Additional upgrades include a new roof, rebuilt decks and railings, exterior stonework, concrete walkways, professional landscaping, and a subterranean sprinkler system. Offered beautifully furnished (furniture negotiable), this lake view masterpiece is ready to enjoy. A rare opportunity to own in one of Lake Arrowhead's most iconic and luxurious communities.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Price Decreased |
$2,395,000
↓ $300K
(11.1%) | |
| Price Decreased | |||
| Jan 11, 2026 | Price Decreased |
$2,695,000
↓ $55K
(2%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $2,750,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017