Listed by: Timothy McTavish, Desert Sotheby's International Realty
$780,000
●
House -
Off Market
53225 Forest Lake Drive
Idyllwild, CA 92549
3 Beds
3 Baths
2,116 Ft²
$3,826
Est. Monthly
About This Property
Experience luxury mountain living at it's finest in this
beautifully maintained home with breathtaking views of nearby Lily
Rock. This exquisite property, on 2 side by side lots features 3
spacious bedrooms, 3 luxuriously remodeled baths, and multiple
outdoor entertainment decks with stunning ridge-line views. Enjoy
the warmth & ease of luxury vinyl plank flooring, abundant natural
light from the many windows featured throughout the property as
well as a completely remodeled kitchen that opens to a side deck,
perfect for barbecuing & entertaining. Relax in the outdoor hot
tub, or unwind in the private, fenced yard. Every detail showcases
beautiful finishes, offering a quiet and private retreat with no
expense spared.'' Home of art, harmony, music & nature, the Village
of Idyllwild features fine dining, wine bars, shopping & many
festivals throughout the year. Offered partially furnished per
inventory.
Unit Size
2,116 Ft²
Days on Market
127 days
Land Size
0.32 acres
Price per sqft
$368
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (CRMLS #219112220PS)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 4, 2024 | Price Decreased |
$779,000
↓ $6K
(0.8%) | |
| Price Decreased | |||
| Sep 4, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Price Decreased |
$785,000
↓ $4K
(0.5%) | |
| Price Decreased | |||
| May 30, 2024 | Listed by Desert Sotheby's International Realty | $789,000 | |
| Listed by Desert Sotheby's International Realty | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Forest Lake Estates
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Listed by: Timothy McTavish, Desert Sotheby's International Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219112220PS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219112220PS
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