1075 MERLIN Point
About This Property
Stunning lakefront home in the highly sought Two Creeks gated community. This expansive 5-bedroom, 4.5-bath 2-story home offers 3,235 sq ft of elegant, open-concept living.
Relax in your screened lanai with serene lake views
Cozy up by the fireplace in a bright and airy living area
Chef's kitchen boasts granite countertops, loads of cabinetry, and flows seamlessly into the dining room - perfect for entertaining
Gorgeous tile flooring, classic crown molding, and French doors bring a touch of sophistication throughout
Main suite is conveniently downstairs for maximum privacy and comfort
Upstairs, find 4 additional bedrooms - including a Jack-and-Jill layout - ideal for family or guests
High-end finishes like tray ceilings and bay windows elevate the style throughout
The home is bathed in natural light, with a thoughtful layout that maximizes both luxury and livability
Why This Is a Deal: The seller is motivated act now to secure this lakeside gem before it's gone. With its premium features, size, and views, this is a rare opportunity in this community.
Tour Today Ready to Sell!
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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 |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by MARK SPAIN REAL ESTATE | $500,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
| Oct 18, 2025 | Price Decreased |
$519,999
↓ $6K
(1.1%) | |
| Price Decreased | |||
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About Clay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017