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11243 Pinewood Drive
About This Property
The interior was masterfully designed to embrace the waterfront, featuring soaring vaulted ceilings and a wall of lakeside windows that flood the home with natural light. Multiple sliding glass doors lead to an expansive deck, perfect for entertaining or soaking in the scenery. Recent mechanical and cosmetic upgrades provide total peace of mind, including a natural gas line to your whole-home generator, and fresh paint throughout. The kitchen and bathrooms have been refreshed with all-new sink faucets, new toilets, and a brand-new suite of appliances including a stove, dishwasher, and microwave.
A rare and highly functional feature of this home is the layout, which provides a full bathroom for every bedroom to ensure total privacy for your family and lake guests. The walk-out lower level serves as a premier entertainment hub, complete with a secondary living area, a wet bar, and a dedicated room featuring a hot tub and sauna. Storage is never an issue here, as the property includes an oversized garage designed to house all your lake toys, plus a matching shed for yard equipment. Outside, your private waterfront experience is completed by a permanent dock, making it easier than ever to enjoy the water. With lake season finally here, this is a unique opportunity to secure a fully equipped home in one of the most sought-after locations on the water.
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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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Century 21 Affiliated - Jackson | $580,000 | |
| Listed by Century 21 Affiliated - Jackson | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017