658 County Road 48
About This Property
Discover 25.99 acres of unrestricted land, offered as two tracts (Tract 1: 14.23 acres | Tract 2: 11.76 acres). This exceptional property combines peace, privacy, and natural beauty-offering plenty of space to bring your vision to life.
A cleared area at the top showcases spectacular views and provides an ideal site for your dream home, with a driveway already in place for easy access. Multiple additional building sites offer endless possibilities for a family compound, investment property, or multi-home development.
Enjoy the tranquility of country living while staying within close proximity to town, schools, and major amenities. With no restrictions and utilities available at the road, your options are wide open-subdivide for multiple residences, create a private retreat or rental community, or hold as a smart long-term investment as land values continue to appreciate. Buyer to verify all pertinent information.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Sep 25, 2025 | Listed by eXp Realty, LLC | $259,900 | |
| Listed by eXp Realty, LLC | |||
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Discover 25.99 acres of unrestricted land, offered as two tracts (Tract 1: 14.23 acres | Tract 2: 11.76 acres). This exceptional property combines peace, privacy, and natural beauty—offering plenty of space to bring your vision to life.
A cleared area at the top showcases spectacular views and provides an ideal site for your dream home, with a driveway already in place for easy access. Multiple additional building sites offer endless possibilities for a family compound, investment property, or multi-home development.
Enjoy the tranquility of country living while staying within close proximity to town, schools, and major amenities. With no restrictions and utilities available at the road, your options are wide open—subdivide for multiple residences, create a private retreat or rental community, or hold as a smart long-term investment as land values continue to appreciate. Buyer to verify all pertinent information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017