85 Hillcrest Drive
About This Property
Discover 85 Hillcrest Drive, a beautifully renovated mountain retreat on approximately 3.58 acres in Highlands' historic Horse Cove. Originally a barn, the residence underwent an extensive renovation taken down to the studs. Updated electrical and plumbing systems, windows, and roof blend its distinctive origins with modern comfort. The home's remarkable transformation earned a feature in The Laurel Magazine.
Inviting living spaces accommodate relaxing and entertaining, with every bedroom featuring its own ensuite bathroom. An additional bonus room offers flexibility for extra sleeping space, recreation, or a home office. A whole-house water filtration system and generator provide added convenience.
Nature is part of everyday life here. Approximately three-quarters of a mile of private walking trails wind through the property, following a beautiful stream. Mature trees, native mountain vegetation, and an apple and pear orchard enhance the landscape. Enjoy a morning walk beside the rushing water, gather around the fire pit beneath the stars, tend the garden, or simply unwind to the soothing sounds of the stream.
The property's generous acreage creates room to explore, garden, and enjoy the outdoors at your own pace. From the orchard's seasonal fruit to the stream's soothing sounds, thoughtful details throughout the landscape make this mountain retreat as memorable outside as it is within.
Horse Cove's winding country roads, historic homesteads, flowing streams, and mountain scenery preserve its distinctive character. Nearby waterfalls and hiking trails invite outdoor exploration, while downtown Highlands offers acclaimed restaurants, boutiques, art galleries, live performances, and golf.
Enjoy the balance of a peaceful mountain setting and convenient access to the area's dining, shopping, and cultural attractions. Whether entertaining guests, exploring the trails, or enjoying a quiet evening by the stream, this property offers a distinctive way to experience mountain living.
85 Hillcrest Drive brings together a remarkable piece of Highlands history, extensive renovations, modern amenities, and a beautiful natural setting. Discover the character of Horse Cove and the enduring appeal of the Highlands lifestyle.
A truly distinctive property where mountain history, modern comfort, and the beauty of flowing water meet. Come for the mountains. Stay for the 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017