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779 Grass Valley
About This Property
The home makes a strong first impression-- a water feature anchors the front yard, set within a circular driveway, and landscaping with an irrigation system.
The great room is the centerpiece of the home. Beneath a dramatic A-frame ceiling, walls of glass on both sides fill the space with natural light and frame views of the surrounding forest. The room is generously proportioned for both large gatherings and everyday living, and a mini split system provides year-round comfort.
The updated kitchen features an entertainer's layout, with ample workspace and an open flow that keeps the cook connected to guests.
Dual primary suites offer exceptional flexibility. The main-level primary, along with a guest room on the same floor, provides convenient single-level living for extended family, guests, or long-term ease. The large upper-level primary features a spa-inspired bath and its own mini split, and is permitted as 2 bedrooms should a buyer opt to add a dividing wall.
The private backyard is a true highlight, with lush, thoughtfully designed landscaping that creates a quiet setting for outdoor dining, entertaining, or simply enjoying the mountain air.
A two-car garage with ample storage accommodates vehicles and a generator hookup, while lake rights offer access to boating, swimming, and the full Lake Arrowhead lifestyle.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by Vista Sotheby's International Realty | $799,900 | |
| Listed by Vista Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017