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489 Oak Creek Drive
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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%.
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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 |
|---|---|---|---|
| Aug 21, 2023 | No longer available | - | |
| No longer available | |||
| Aug 12, 2023 | Price Decreased |
$4,495,000
↓ $1M
(18.2%) | |
| Price Decreased | |||
| Jul 25, 2023 | Listed by Dalton Real Estate | $5,495,000 | |
| Listed by Dalton Real Estate | |||
| | |||
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Welcome to Oak Creek Residence, a one-of-a-kind Mid-Century Modern gem in the prestigious gated community of Los Robles Hills Estates. Designed by renowned Architect Clemens Kaasmann, A.I.A., this custom single-story 4-bedroom, 3 ½-bathroom home embodies modern sophistication and timeless architectural details. As you enter, a custom Pergola and stunning gate lead to the serene front yard with a captivating water fountain and hand-carved front doors. Spanning 5,774 sq ft on a 1.20-acre panoramic view lot, this residence embraces the indoor-outdoor California lifestyle. Impeccable features include Terrazzo floors, white Chicago brick, floor-to-ceiling windows, and Fleetwood Sliding doors, flooding the interior with light. African Mahogany cabinetry, Tiger Oak hardwood floors, exquisite tile work, solar shades, Velux Solar Skylights, and custom drapes add to the allure.
The primary retreat is a luxurious haven with a cozy fireplace and sliding doors opening to a private spa/wellness center lounge with a spa, Airdyne bike, and infrared sauna. The sophisticated primary bath features a wet-room shower, soak tub enclosed with Starfire glass, and custom tile work. Generous closet space includes two custom closets. Two large bedrooms share a spacious bathroom, while the fourth en-suite bedroom on the home’s east side is being used as a home office and enjoys fantastic views.The chef's dream kitchen boasts two islands, Custom African Mahogany European-style Cabinetry, Caesarstone countertops, and top-of-the-line stainless-steel appliances. It opens to formal and casual dining areas, a large family room, and a TV/movie lounge. Step outside to your private paradise, with landscaped grounds offering privacy and views of tranquil sunsets. The backyard oasis includes three patios, a solar-heated dark pebble bottom pool, and fruit trees, surrounded by breathtaking mountain and hillside vistas.
This remarkable property, with only two owners in fifty years, is an exceptional find. Embrace the exclusivity of Los Robles Hills Estates, a gated community of 28 custom-built homes on minimum one-acre lots. Enjoy premier dining, shopping, entertainment, nearby parks, hiking trails, with easy access to Westlake Village, Malibu and nearby Los Robles Hospital. Don't miss this once-in-a-lifetime opportunity to own a home where modern sophistication meets timeless elegance. Schedule a private tour today and experience sophisticated living in Thousand Oaks' finest community. The manager has listed the unit size as 5774 square feet.
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| Sep 14, 2017 | Sold | ||
| Sold | |||
| Feb 23, 2017 | Listed by Coldwell Banker Realty | $1,975,000 | |
| Listed by Coldwell Banker Realty | |||
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About Thousand Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017