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104 Island Circle
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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 |
|---|---|---|---|
| Oct 29, 2026 | Listed by Keller Williams Realty-FM | $669,000 | |
| Listed by Keller Williams Realty-FM | |||
| Jul 30, 2026 | No longer available | - | |
| No longer available | |||
| Jun 4, 2026 | Listed by Keller Williams Realty-FM | $700,000 | |
| Listed by Keller Williams Realty-FM | |||
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Welcome to 104 Island Circle, a truly exceptional estate nestled on a breathtaking one-acre waterfront lot in the highly sought-after gated community of Lakes of Shady Shores. Backing directly to one of the neighborhood’s scenic ponds, this property offers stunning water views and abundant wildlife in a peaceful and picturesque setting. The pond is fully stocked for private resident fishing, allowing you to cast a line right from your own backyard and enjoy a truly unique waterfront lifestyle. Surrounded by protected land on all sides, the incredible views will never be obstructed, providing lasting privacy and tranquility. The front of the home enjoys beautiful horse pasture views, while the property sits adjacent to the prestigious Hidden Valley private neighborhood and airfield. The beautifully updated home features an open-concept layout with the kitchen flowing seamlessly into the spacious living area, a private office, formal dining space, game room, split-bedroom design, and a luxurious primary suite with French doors leading directly to the backyard retreat. Step outside to an incredible resort-style oasis complete with a custom gunite pool and spa, expansive flagstone patios, multiple covered sitting and entertaining areas, a pergola, and over 1,000 square feet of outdoor living space. Beautiful magnolia trees and dedicated garden bed areas enhance the serene setting, while the massive backyard provides endless possibilities for recreation, entertaining, gardening, fishing, or simply enjoying the tranquility of your own private estate. With its unmatched one-acre lot, forever-protected views, exceptional outdoor amenities, and secure gated setting, this is a rare opportunity to own one of the most desirable properties in Lakes of Shady Shores.
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| Dec 9, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | Relisted | $599,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017