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47424 Paddington
About This Property
The fully renovated home sits beneath mature shade trees, creating a comfortable contrast to the surrounding open landscape. Fenced front and side yards add function and security, while a strong-producing well with upgraded pump supports a highly independent setup ideal for weekend escapes, full-time living, or a private recreational headquarters.
With 19 usable acres, the possibilities here are extensive. Perfect as a Hammertown base camp for off-road enthusiasts, race teams, or anyone needing room for trailers, RVs, equipment, and toys. Located adjacent to the King Abraham Ranch Landing Strip, the property also offers unique appeal for aviation-minded buyers seeking open desert access.
A rare highlight is the private pond with dock, an unexpected desert feature that creates a peaceful place to cool off, relax in the shade, or simply enjoy the stillness of the setting.
If you value space, privacy, self-reliance, and the kind of natural beauty only the desert can offer, this property delivers an opportunity to make it your own.
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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 |
$529,000
↓ $30K
(5.4%) | |
| Price Decreased | |||
| Apr 23, 2026 | Price Decreased |
$559,000
↓ $70K
(11.1%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by First Team Real Estate-HighDes | $629,000 | |
| Listed by First Team Real Estate-HighDes | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017