11253 Pinewood Drive
About This Property
Escape to the ultimate ''up north'' feel right here on South Lake Leann! This private all-sports lake is truly special, Renowned for its world-class fishing, kayaking, refreshing swimming, and welcoming beach parks, Lake Leann provides the perfect backdrop for unforgettable family moments.
Imagine summers creating lasting memories in this cherished family cottage, lovingly maintained and ready for its next chapter.
Nestled in the desirable Royal Shores Subdivision, a tranquil one-way in, one-way out peninsula, this gem boasts an enviable location on the sought-after sandy shores of Evelyn's Bay. With over 100 feet of precious lake frontage, your waterfront dreams can finally become a reality.
Beyond its idyllic setting, this cottage offers peace of mind with significant updates, including a new roof, updated electrical and furnace systems, a reliable iron filter, and updated slider doors and windows. The solid bones of this home are ready for you to move right in and embrace lakeside living from day one, or add your own personal cosmetic flair. Enjoy cozy evenings with a convenient gas fireplace upstairs and a charming wood-burning fireplace downstairs, perfect for chilly nights.
Convenience is key with a spacious roadside yard featuring a wrap-around driveway, providing ample parking for numerous vehicles. Plus, a massive built-in lake toy shed makes storing all your water sports gear a breeze, ensuring easy winterization. For the green thumb in the family, discover two massive garden beds, already prepared and waiting for your summer planting. And for a bit of friendly competition, enjoy the awesome shuffleboard court, included with all equipment!
Step inside and be greeted by breathtaking lake views from the wrap-around walkout sliders, bathing the home in natural sunlight throughout the day. Extend your living space outdoors onto the expansive 400+ sq ft covered porch, the perfect spot for relaxing, dining, and entertaining family and friends, rain or shine.
Wake up to stunning lake views from each of the bedrooms, offering a truly special start to every day. This isn't just a cottage; it's a legacy waiting to be continued on the most desirable lake around. Don't miss your chance to own a piece of paradise on beautiful Lake Leann!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017