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115 Lake Estates Drive
About This Property
Designed for refined entertaining and comfortable everyday living, home features two bedrooms on main level, distinctive wine room, and generous indoor-outdoor flow. Outdoor living is a stand out, with large patio, pool, hot tub, expansive porches, and double boathouse with large dock–perfect for enjoying lake life year-round.
Recent improvements include new roof/gutter system, replacement of all three condensing units/furnaces, fresh interior/exterior paint, new upstairs carpet. Other amenities include central vacuum and unfinished space over garage offering excellent potential for future expansion. Original plans/survey available.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 12, 2026 | In contract | - | |
| In contract | |||
| May 30, 2026 | Price Decreased |
$1,750,000
↓ $140K
(7.4%) | |
| Price Decreased | |||
| Mar 11, 2026 | Listed by Walzel Properties - Corporate Office | $1,890,000 | |
| Listed by Walzel Properties - Corporate Office | |||
| Dec 3, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017