560 Terracina Boulevard
About This Property
The main residence features three bedrooms upstairs, including a primary suite with a huge walk-in closet. A finished third-floor loft offers its own bedroom, bath, and generous walk-in closet. The main floor includes a full laundry room and a thoughtfully designed, upgraded, kitchen. Kitchen offers a built-in refrigerator, instant hot water, and appliances that will remain with the home.
A separate two-bedroom, one-bath guest house with its own kitchen and living room provides flexible living options and adds significant versatility to the property. Outdoors, a sparkling saltwater pool and cabana with owned solar are complemented by an expansive orchard of more than sixty fruit trees, including citrus, apple, guava, jujube, lemon, pomegranate, grapefruit & olive. Raised garden beds provide an ideal space for fresh produce.
The original carriage house has been transformed into a three-car garage, fully finished with power and drywall, plus 750-square-foot loft upstairs that is perfect for a studio, office, or creative workspace. Electronic gates, block and wrought iron fencing, and an alarm system provide security and peace of mind. Energy efficiency is supported by a leased solar system, which services both the main and guest homes and transfers at $291 per month.
Born in the citrus boom era, this home is a Neoclassical estate, with its sweeping front columns and symmetrical design inspired by Greek and Roman architecture - a true statement of elegance and history in Redlands. With its resort-style amenities, flexible living spaces, and expansive grounds filled with history and natural beauty, this property offers a lifestyle rarely available in Southern California.
Beyond the property's gates, residents enjoy easy access to the very best of Redlands. Within fifteen minutes, you can stroll through historic downtown with its charming shops, coffee houses, and fine dining. Catch a concert at the Redlands Bowl, or explore the trails and scenic vistas of Prospect Park and the San Timoteo Nature Sanctuary. Conveniences such as grocery stores, farmers markets, and parks are nearby, all against the stunning backdrop of the San Bernardino Mountains.
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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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Oct 3, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Listed by First Team Real Estate | $1,490,000 | |
| Listed by First Team Real Estate | |||
| Jul 9, 2017 | Listed | $1,499,999 | |
| Listed | |||
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SOUTHERN HOSPITALITY in Redlands; Unique Estate in Smiley Heights w/easy access to Medical Centers, downtown and freeways. Main house with 4 bedrooms, 4.5 baths completely remodeled interior; Entry hall opens to separate formal living and dining; Kitchen-eating area-family room for informal living; Pool & Cabana w/fireplace for outdoor living; Separate detached garage can accommodate several vehicles & covered carport at main house for easy access; 2.17 acres of pure enjoyment with an abundance of fruit trees includes 3 water shares; RV Parking & plenty of room for additional parking of all recreational vehicles; Separate guest house appprx 800 sq feet is 2 bedroom 1 bath w/covered patio. Home comes with solar panels-lease to be transferred to new owner The manager has listed the unit size as 4497 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017