8959 Skyway
About This Property
This 0.4-acre TR-1/3 zoned parcel previously hosted a 2-bedroom, 1-bath, 1,015± square foot home and comes with an active Paradise Irrigation District (PID) water account, a valuable asset for rebuilding or development.
Located near the popular Paradise Recreation Trail, the property offers easy access to hiking, biking, walking, fishing, boating, and camping - perfect for an outdoor-centric lifestyle. With homesteading potential for gardening, raising chickens, or small-scale farming, this lot provides flexibility for both lifestyle and investment.
Adjacent to three contiguous parcels offered separately, there's potential to combine for nearly 3 acres of opportunity - a rare chance in this sought-after location.
Paradise is one of California's fastest-growing communities, offering exceptional rebuilding and development opportunities. Don't miss this chance to secure a prime parcel in a vibrant, active, and lifestyle-focused community - opportunities like this are limited!
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Cap Rate Calculator
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 23, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Price Decreased |
$20,000
↓ $5K
(20%) | |
| Price Decreased | |||
| Feb 26, 2026 | Listed by American Homes and Land | $25,000 | |
| Listed by American Homes and Land | |||
| Nov 19, 2024 | Listed | $27,500 | |
| Listed | |||
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Check this one out! This beautiful property sits on almost a half-acre on Skyway but is situated on flag lot, keeping it tucked back off the main street. The central location is ideal for someone hoping to build their dream home in Paradise. PID water service is active and in “ready to serve” status! The previous home was a 2 bedroom, 1 bathroom with 1015 sq. ft. Seller has kept the lot in great shape and will provide the fire defensible space lot clearance before close. Go take a look!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017