111 Cypress Bay Drive
About This Property
Experience the ultimate Toledo Bend lifestyle with this exceptional waterfront property designed for both relaxation and adventure. Situated on unrestricted land, this unique lake house offers the freedom to enjoy, customize, or invest without the limitations of HOA restrictions.
Whether you're an avid fisherman, outdoor enthusiast, or simply looking for a place to gather with loved ones and friends, this property has it all. The spacious shop provides ample storage for boats, fishing gear, tools, ATVs, side-by-sides, and all the equipment needed for lake life. A connected private boat ramp offers convenient access to Toledo Bend, making it easy to get on the water whenever the mood strikes.
Inside, you'll find a welcoming entertainment area complete with a built-in bar, creating the perfect setting for hosting game days, reunions, fishing tournaments, or weekend getaways. With plenty of room for guests and endless recreational opportunities, this property is built for making memories.
Spend your days fishing one of the nation's premier bass lakes, boating, kayaking, hunting nearby public lands, or exploring the countless outdoor adventures the area has to offer. The unrestricted nature of the property also opens the door for vacation rental potential, additional structures, RV accommodations, or future expansion. Owner Financing Available!
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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 |
|---|---|---|---|
| Aug 11, 2026 | Listed by Congress Realty, Inc. | $1,200,000 | |
| Listed by Congress Realty, Inc. | |||
| Jul 31, 2025 | Price Decreased |
$1,049,000
↓ $26K
(2.4%) | |
| Price Decreased | |||
| Jul 8, 2025 | Price Decreased |
$1,075,000
↓ $20K
(1.8%) | |
| Price Decreased | |||
| Jun 16, 2025 | Price Decreased |
$1,095,000
↓ $10K
(0.9%) | |
| Price Decreased | |||
| May 31, 2025 | Price Decreased |
$1,105,000
↓ $5K
(0.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017