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784 Alpine Drive
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 |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Price Decreased |
$1,125,000
↓ $75K
(6.3%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Keller Williams High Country | $1,200,000 | |
| Listed by Keller Williams High Country | |||
| Jul 16, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 8, 2026 | Listed by Keller Williams High Country | $1,200,000 | |
| Listed by Keller Williams High Country | |||
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Some mountain homes make you choose between a great investment and a great retreat. This one doesn't make you pick. Offered turnkey furnished and sitting on 4 lots totaling 2 acres with no HOA, 784 Alpine Drive is a rare find in the High Country — a true 6-bedroom, 6-bath mountain home with views, room for everyone, and options that most properties simply can't offer. The main level lives beautifully on its own. A level entry at both the front door and garage means single-level living is absolutely possible. Step inside to a cozy living area anchored by a brick fireplace, a dining area that seats a crowd, and a second more open living space beyond — all with walls of windows and access to a full-length back deck with mountain views. The primary suite features its own view and a sizable walk-in closet. An office off the foyer with a closet and fold-out sofa adds even more flexibility. Three full baths and a laundry room round out this level, which flows into a heated and cooled oversized 2-car garage. Then there's the lower level — and it will genuinely surprise you. This isn't a renovation — it's brand-new construction, built from the slab up in 2025 and nearly 2,500 square feet. It feels like a second home entirely because, in many ways, it is. A comfortable living area opens to a full kitchen and dining space. A second large family room with pool table and TV is a great gathering spot. Stroll through to the bunkroom with 8 beds — a rental dream. Three additional bedrooms and baths complete the level, accessible via interior stairway or a separate outside entrance. That separate access is the key to everything. Rent both levels together for maximum income, or keep one for yourself while the other generates revenue. You can be enjoying it while bringing in income. Recent updates to the home include new hot water heaters in 2024 and 2025, a new roof in 2025, and a new heat pump for the lower level in 2025. Centrally located in Seven Devils, you're minutes from skiing, hiking, and all the dining, shopping, and live music that make the High Country one of the most sought-after mountain destinations in the Southeast.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017