49115 Ridgeback Court
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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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 4, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Listed by BPO Homes | $4,300,000 | |
| Listed by BPO Homes | |||
| May 20, 2025 | Listed | $4,995,000 | |
| Listed | |||
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Welcome to your very own desert sanctuary--where luxury, privacy, and opportunity converge. Tucked away on 1.64 acres of pristine land, this brand-new estate isn't just a home... it's a lifestyle investment. Whether you're dreaming of creating a multigenerational family retreat, a high-performing short-term rental, or both, this extraordinary compound offers endless possibilities.Imagine two custom-built homes--7,805 sq ft combined--crafted with architectural brilliance and top-tier finishes. The first residence (3,348 sq ft) features 3 spacious en-suite bedrooms, a sleek home office, and a showstopping great room with 14' ceilings, an 8' quartz fireplace, and 14' stackable glass doors that invite the outdoors in. Step outside to a 74' covered patio--an entertainer's dream with porcelain wood-look tile, surround sound, and room to dine, lounge, and play.The chef's kitchen is fully equipped with Viking appliances and custom cabinetry, setting the stage for unforgettable gatherings. A 3-car insulated garage and bonus outdoor room offer flexible living to suit your lifestyle.The second home (4,458 sq ft) elevates the experience even further--boasting 4 en-suite bedrooms, a game room, home office, powder room, and a grand great room with 16' ceilings and an 18' pocket door that erases the line between indoor and outdoor living. Designed for ease and elegance, it too features Viking appliances, surround sound, and porcelain tile throughout. With an outdoor shower and half bath already in place, this home is ready for the resort-style pool of your dreams.Between both homes, you'll find four versatile flex rooms--perfect for extra sleeping quarters, a gym, studio, or even a home theater. With the potential for up to 11 sleeping areas, this estate can comfortably accommodate large groups, making it ideal for vacation rental income.The expansive grounds are your blank canvas--add a pool, pickleball courts, a basketball court, or an outdoor kitchen. This is more than a home--it's a rare opportunity to own a modern legacy property designed for connection, comfort, and cash flow. Your future retreat, investment, or both await. Schedule your private tour today.
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| Apr 3, 2025 | Listed | $5,754,000 | |
| Listed | |||
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A rare opportunity to own two stunning, brand-new custom-built homes on one expansive estate! Set on 1.64 acres, this impressive compound boasts a combined 7,805 sq ft of luxurious living space--perfect for multi-generational living, a private retreat, or lucrative investment potential.The first home spans 3,348 sq ft and features three bedrooms with en-suite baths and built-in closets, a powder room, and a dedicated office. The open-concept great room showcases soaring 14' ceilings, an 8' fireplace with floor-to-ceiling quartz surround, and 14' stackable doors that lead to a 74' covered patio with wood ceilings, porcelain wood-look tile, pavers, and surround sound. The chef's kitchen is outfitted with top-of-the-line Viking appliances, custom cabinetry, and gorgeous finishes throughout. A 3-car insulated garage and additional outdoor room add even more flexibility to this incredible layout.The second home is 4,458 sq ft and offers four spacious bedrooms with en-suite baths and built-in closets, a game room, office, and powder room. The dramatic great room features 16' ceilings and an 18' pocket door that seamlessly blends indoor and outdoor living. As with the first home, you'll find Viking appliances, custom cabinetry, wood porcelain tile throughout, integrated surround sound, and high-speed internet. An outdoor shower and convenient half-bath--perfect for rinsing off after enjoying a future pool--enhance the home's outdoor functionality. This residence also includes a 3-car insulated garage with a paver driveway.In total, there are four additional flex rooms between both homes that can be tailored into extra bedrooms, offices, gyms, or creative studios--providing the potential for up to 11 sleeping areas.The expansive backyard is a blank canvas just waiting for your imagination--design your dream resort-style oasis with room for a pool, pickleball or basketball court, an outdoor kitchen, and more.Every detail in this extraordinary estate has been thoughtfully curated with quality craftsmanship, high-end finishes, and modern conveniences. Don't miss this truly one-of-a-kind opportunity--schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017