701 Cimarron Hills TRL W
About This Property
The thoughtful floor plan boasts multiple sitting areas, two bars, a home theater, and a formal dining room-providing ample space for hosting gatherings of any size. The chef's kitchen, complete with generous storage and an additional catering area, is sure to delight culinary enthusiasts. Step outside to discover an expansive covered living area featuring an impressive stone fireplace, a tranquil koi pond, an outdoor kitchen, a pergola, and two spacious balconies overlooking the scenic golf course. Surrounded by breathtaking landscaping and lush flora, you'll enjoy unparalleled privacy and natural beauty right at your doorstep. This property backs to the award-winning 18-hold Jack Nicklaus Signature Golf Course, offering endless opportunities to perfect your swing and enjoy the ultimate golfing experience.
The Cimarron Hills Clubhouse features old-world architecture and modern amenities including the Cimarron Spa, newly renovated fitness center, men's and women's lockers and lounges, tennis courts, pickleball courts, swimming pool and world-class dining.
Experience the epitome of luxury living at Cimarron Hills-a true gem and your own personal oasis awaiting its next discerning owner.
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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 |
|---|---|---|---|
| Aug 11, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Price Decreased |
$1,875,000
↓ $100K
(5.1%) | |
| Price Decreased | |||
| Jul 12, 2024 | Relisted | $1,975,000 | |
| Relisted | |||
| Jun 22, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Price Decreased |
$1,975,000
↓ $325K
(14.1%) | |
| Price Decreased | |||
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About Cimarron Hills
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$2,850 /mo
- 3 Beds
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- 2,579 ft²
$2,995 /mo
- 5 Beds
- 4 Baths
- 3,023 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017