22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States. - Hero Image
22728
Lake Road
Rocky River | Ohio

A Piece of

Highrise Heaven

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Mathew Chase
Mathew Chase
Presented At
$874,900
Bedrooms
3
Bathrooms
3
Living
2,125
SQFT
22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States. - Photo 1
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22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States. , Rocky River , Ohio 44116

Residential Rocky River

Nestled along the tranquil shores of Lake Erie, this (like) new, never occupied high end townhouse offers over 2,100 square feet of luxurious living space, designed to capture the breathtaking lake views from every angle. With an emphasis on sophisticated lakefront living, the home boasts high-end finishes, expansive windows, and premium amenities throughout. Inside, you’ll find a seamless blend of modern design and comfort, including spa-inspired bathrooms and a chef’s kitchen outfitted with top-tier Wolf and Bosch appliances. The second floor serves as the heart of the home, featuring an open-concept layout with 10-foot ceilings, a striking marble-clad fireplace, and floor-to-ceiling windows that flood the space with natural light. The gourmet kitchen is a showstopper, featuring a spacious island, sleek quartz countertops, and a full suite of professional-grade appliances, including a Wolf steam and convection oven. The third floor is home to two well-appointed bedroom suites, as well as a conveniently located laundry room. The primary suite is a true retreat, complete with a walk-in closet and a spa-like en-suite bath. A third bedroom on the first floor offers flexibility, ideal for use as an office or guest room. The crowning jewel of this home is the expansive rooftop terrace, offering panoramic views of Lake Erie perfect for outdoor entertaining or simply unwinding in the serene surroundings. Located in the desirable 700 Lake of Rocky River, this exceptional property is just minutes from recreational activities, parks, shopping, dining, and a quick 15-minute drive to downtown Cleveland. Why wait to build, when this value-added condo is ready to move in today!

Gallery

3D Street View Tour

Map showing 22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States.

Property Location

22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States., Rocky River Ohio

Local Weather & Climate

Rocky River, Ohio

Current Conditions Updated recently
22 °F
Broken clouds
Feels Like 10°F
Humidity 76%
Wind 13 mph
Visibility 6.2 mi
Sunrise 11:35 AM
Sunset 11:35 PM
5-Day Forecast
Wed 18 Mar
Clouds
High 37°
Low 22°
Thu 19 Mar
Clouds
High 38°
Low 33°
Fri 20 Mar
Clouds
High 53°
Low 37°
Sat 21 Mar
Clouds
High 45°
Low 37°
Sun 22 Mar
Clouds
High 67°
Low 38°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Rocky River?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Above Average 1.8× median

Our perspective on current market conditions in Rocky River. For informational purposes only — always consult a licensed real estate professional before making decisions.

Consider Waiting
Market favors sellers. Patience may pay off.
32
Buyer Score
Prices are up 28.8% year-over-year
Homes selling in just 16 days - act fast

Local Market Price Trends

Median home sale prices in Rocky River, Ohio — ZIP code 44116 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $874,900
Area median: $473,500
+28.8% year-over-year (well above the 3.5% historical avg)

Market Competition

16 days
Days on Market
Below typical
100.7%
Sale-to-List Ratio
Above asking

Future Value & Wealth Building

Starting investment: $874,900 20% down ($174,980)

9.5 years
Double Your Investment
Based on current market trends, your property value could double
$1,210,897
10-Year Equity
Your potential equity after 10 years of payments and appreciation
+$499,164
Appreciation Beats Rent
Potential gain vs 10 years of renting a similar home
$4,657
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$7,766,200
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
6.9x
Leverage Power
Your $174,980 down payment could grow to $1,210,897 in equity (10 yrs)
Investment Perspective
$ $ $ $
$1 → $2.07
Every dollar invested today could become $2.07 in 10 years
$100 → 207 $1,000 → $2,071
+$181
$181/day
Your home may appreciate while you sleep
$1,270/week $5,504/mo $66,050/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$635K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 145% advantage over stocks
RENT 💸 -$481K
vs
OWN 📈 +$1.2M
$1.2M Potential Equity
vs $481K lost to rent over 10 years
$175K Down Payment Growth
6.9x
10yr
$1.2M
19.1x
20yr
$3.3M
44.4x
30yr
$7.8M
Wealth Comparison
×18
Equivalent to 18 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $7.8M
Time to Double Your Investment (accounting for market cycles)
16.9
years
Conservative
4.2% effective/yr
8.5
years
Optimistic
8.54% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $1.3M +51%
Market $1.8M +107%
Optimistic $2.0M +127%
$1.2M est. equity
20 Years
Conservative $2.0M +128%
Market $3.8M +329%
Optimistic $4.5M +415%
$3.3M est. equity
30 Years
Conservative $3.0M +243%
Market $7.8M +788%
Optimistic $10.2M +1,069%
$7.8M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Above Historical
Current 8.5% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 7.5%. Market scenario reflects current 8.5% YoY trend from Redfin (May 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated May 2026

Neighborhood Demographics

ZIP 44116 • 2022 ACS Data

21,575 Population
Median Age: 43.0
$90,214 Median Income
Above Average
$304,000 Median Home Value
Rent: $1,120
62.3% College Graduates
Very High

Housing

Homeowners 64.9%
Renters 27.4%
Vacancy Rate 7.6%

Employment

2.6% Unemployment
20.5% Work From Home

Education Attainment (Age 25+)

High School+ 97.4%
Bachelor's+ 62.3%
Graduate+ 28.8%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 22728 Lake Road, Rocky River, OH 44116, Rocky River, Ohio, United States features 3 bedrooms with 2,125 square feet of living space.
This property offers 2,125 square feet of living space.
This property is listed at $87,490,000, which equals $41172 per square foot.
In Rocky River, home prices have increased 28.8% over the past year, homes typically sell within 16 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Rocky River shows an active market. The market opportunity score is 32 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Rocky River, Ohio. The property is situated in an established neighborhood with convenient access to local amenities and services.
Mathew Chase

Mathew Chase

Keller Williams Greater Metropolitan

License #01818285

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Keller Williams Greater Metropolitan

Keller Williams Greater Metropolitan

Keller Williams Greater Metropolitan

View Full Profile

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