7110 Drake Road
About This Property
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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 20, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Listed by Vineyard Professional Real Estate | $1,650,000 | |
| Listed by Vineyard Professional Real Estate | |||
| | |||
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Exceptional investment opportunity on 9± acres in Paso Robles' west side, named the #3 Best Vacation Rental of 2024 by Houfy and generating $110,000+ in annual income. 7.4 acres of thriving vines with an evergreen vineyard lease in place. This contemporary estate blends modern elegance with the timeless beauty of wine country living. Surrounded by panoramic vineyard views and endless rolling hills, the property offers a peaceful retreat from the everyday hustle and bustle. The 3,311± sq. ft. main residence is thoughtfully designed with 4 spacious bedrooms and 4.5 bathrooms, including three en-suites with sunrise-to-sunset views. The primary suite is a tranquil haven, filled with natural light serene vistas and a luxurious Japanese soaking tub. Step outside to a stunning wraparound deck made of Brazilian Ipe wood perfect for morning coffee or sunset wine under painted skies. The gourmet kitchen is a chef’s dream, featuring a commercial-grade Jade range with griddle, sleek quartz countertops, a generous island, and a walk-in pantry. Entertainment and lifestyle amenities abound: a private patio with fire pit and bistro lights, an intimate wine cellar, and a four-car garage/workshop with its own bathroom. Outdoors, enjoy a garden, chicken and 35 mature fruit trees. Fully fenced and gated with Solar, this extraordinary estate offers privacy, passive income, and a front-row seat to the magic of Paso Robles wine country.
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| Jun 24, 2025 | Price Decreased |
$1,895,000
↓ $75K
(3.8%) | |
| Price Decreased | |||
| Jun 2, 2025 | Price Decreased |
$1,970,000
↓ $10K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017