11611 SE 123RD STREET
About This Property
Welcome to this beautifully maintained, move-in ready 3 bedroom, 2 bath farmhouse style home nestled on a peaceful cul-de-sac in the desirable Lakewood community on Lake Bowers. Set on just under ¾ of an acre, this charming canal-front property offers a serene lifestyle with manicured landscaping, private lake access, and ample indoor and outdoor living space. A large covered front porch sets the tone as you enter through a welcoming foyer with ceramic tile flooring. The spacious great room features warm engineered wood flooring and flows seamlessly into a stylish kitchen and two flexible dining areas-perfect for entertaining or converting one into a cozy den or office. The thoughtfully designed split-bedroom floor plan ensures privacy and comfort with no carpet throughout. The primary suite includes two closets and engineered wood flooring. Both bathrooms and dining spaces are finished with durable ceramic tile. The generously sized laundry room includes a newer washer and dryer, and the home is equipped with a new water softener, a metal roof (2018), and a new HVAC (2023) for peace of mind. In addition to the attached 2 car garage, the property includes an additional 2 car detached metal garage/workshop for added parking, a charming she-she, and a spacious Florida room under heat and air-perfect for year-round enjoyment. Enjoy private canal access with your own dock and boat ramp, all in a quiet lakefront setting that's ideal for nature lovers and outdoor enthusiasts. Don't miss the opportunity to make this rare and picturesque property your forever home!
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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%.
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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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 27, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by JUDY L. TROUT REALTY | $575,000 | |
| Listed by JUDY L. TROUT REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017