67 N6402 --
About This Property
Water is abundant thanks to a high-producing well with a nearly new pump set 244 feet deep, delivering 13-17 gallons per minute. A 1,500-gallon storage tank supplies the home and property, while a separate 1,000-gallon rainwater catchment tank collects water from the dome's specially designed roof.
Inside, you'll find numerous upgrades including new appliances, a hybrid whole-house water filtration and softening system, and a new water heater installed in 2024. The property also features a heated, finished three-car garage/workshop, raised garden beds, two large storage sheds, an RV hookup with power and water, and a relaxing hot tub perfectly positioned to enjoy unforgettable desert sunsets.
Offered partially furnished, this exceptional property is located in the desirable River Springs Ranch, where miles of open land invite hiking, horseback riding, and endless outdoor adventures.
Adding to its appeal, the property includes an established lavender farm with approximately 400 mature plants. The lavender thrives in the desert climate and offers exciting income potential through culinary, medicinal, and artisan products, creating an opportunity to enjoy both a peaceful lifestyle and a potential revenue stream.
Whether you're seeking a private retreat, a sustainable homestead, or an income-producing off-grid oasis, this remarkable property offers a lifestyle unlike any other.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Listed by Mountain Retreat Realty Expert | $429,500 | |
| Listed by Mountain Retreat Realty Expert | |||
| Apr 12, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017