Nestled into a private gated community, and positioned on 1.75
waterfront acres with 234 ft of shoreline and ownership of the
inundated property to the water's edge, this custom home was
thoughtfully designed to capture panoramic lake views and
breathtaking sunsets from the main living spaces and expansive
front porch. Inside, the open-concept floor plan is anchored by
soaring ceilings with tongue-and-groove wood, massive cedar beams,
and an impressive 18-ft Colorado river rock gas fireplace with a
custom hand-hewn mantel. Shiplap walls, high-end luxury vinyl plank
flooring, custom doors, black wrought iron hardware, and Delta
Brizo fixtures create a warm, elevated aesthetic.
The chef's kitchen is both beautiful and highly functional,
featuring custom soapstone countertops, a farmhouse porcelain sink,
Chicago brick backsplash, rough-hewn shelving, GE Cafe appliances,
french oven, a warming drawer, dual microwaves, pot filler,
oversized sink, brand-new Samsung Bespoke refrigerator, and an
oversized mudroom with additional pantry storage.
All 3 bedrooms comfortably accommodate king-sized beds and feature
private en-suite baths with quartz countertops, custom tile work,
built-in closets, and premium brass hardware.
The home includes a Generac whole-house generator, private well,
water treatment system, 5,000-gallon water storage tank, Starlink
internet, underground propane tank, foam attic insulation, a
one-year-old metal roof, and remote-controlled blinds in the living
room, kitchen, & primary suite.
Outdoor living is equally impressive with a custom fire pit, fenced
garden with raised beds, walking trails through the wooded portion
of the property, and direct access to the lake via private boat
dock. A 4 car garage with epoxy floors, full-length attic storage,
oversized driveway, and large equipment shed provide abundant space
for vehicles, boats, and recreational gear.
Some furniture, lawn equipment, mower, and 2021 24UC Barletta
Tritoon boat negotiable.
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.
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