81845 Andalusia Drive
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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 |
|---|---|---|---|
| Feb 9, 2024 | No longer available | - | |
| No longer available | |||
| Oct 2, 2023 | Listed by Compass | $3,995,000 | |
| Listed by Compass | |||
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Constructed as a showcase home for Andalusia, this residence boasts extensive upgrades and has recently undergone a redesign that exudes a tranquil and sophisticated aesthetic worthy of an architectural magazine. Its prime southern exposure grants breathtaking views of the mountains, lake, and golf course. The gourmet kitchen features top-tier appliances, custom cabinetry, and striking stone countertops, culminating around a grand island seating area. Adjacent to this culinary haven is a spacious dining room that flows seamlessly into a vast family room, complete with a bespoke bar for elegant entertaining. The primary suite is a sanctuary in itself, equipped with a luxurious soaking tub, expansive walk-in closet, and remote-controlled blinds. Adding to the home's allure is a full-sized detached Casita, furnished with a living room, kitchenette, and fireplace. Outdoor enthusiasts will appreciate the lavish covered dining and lounge area set beneath an extensive loggia, complemented by a firepit, pool, spa, and a generous backyard. This outdoor space, with unparalleled views of the lake and mountains, sets the stage for observing awe-inspiring sunrises and sunsets. Positioned off a secluded road in Andalusia, this smart home's landscape is enhanced by automated sliding glass walls, ambient lighting, cutting-edge audio-visual capabilities, an efficient HVAC duct system, and an air-conditioned garage. Embodying a blend of modern technology and timeless elegance, this newly remodeled home is a masterpiece in residential design. The manager has listed the unit size as 4126 square feet.
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| Oct 3, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by Andalusia Homes, Inc. | $3,775,000 | |
| Listed by Andalusia Homes, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017