729 Meridian Drive
About This Property
The spacious primary suite provides a private retreat, featuring an exceptional en-suite bath and convenient access to the laundry room. A separate mud room adds valuable organization and everyday functionality, while the dedicated study provides the perfect space for working from home, reading, or quiet productivity. And then there's the game room-the perfect destination for movie nights, game days, entertaining friends, or creating a space everyone will enjoy. Outside, experience country living at its finest, with beautiful sunset views and the peaceful, secure feeling of a gated neighborhood. All this is ideally situated among the rolling hills adjacent to the Tiger Woods-designed golf course at Bluejack Ranch, with convenient access to major highways and an excellent school district. Space. Style. Privacy. Views. Location. This is more than a house-it's an opportunity to enjoy the relaxed beauty of country living without giving up modern comfort and convenience.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by DRB Group Realty, LLC | $529,990 | |
| Listed by DRB Group Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017