123 Channelview Drive
About This Property
The spacious open-concept layout features a large living area anchored by a cozy wood-burning fireplace, creating the perfect gathering space for family and friends. The kitchen is designed for both everyday living and entertaining, offering an oversized island, abundant cabinetry, a large walk-in pantry, and a refrigerator that conveys with the home. French doors lead to the covered back patio, extending your living space outdoors and providing a great setting for relaxing or entertaining.
The private primary suite is a true retreat, featuring a generous walk-in closet with built-in shelving, dual sinks, and an oversized walk-in shower. Tile flooring flows throughout the main living areas for easy maintenance and durability, while the bedrooms offer the comfort of carpet.
Outside, enjoy a beautifully landscaped yard with lush grass and attractive curb appeal. Beyond the home, residents enjoy an exceptional array of community amenities, including a swimming pool, clubhouse, playground, tennis courts, lake swimming area, park with outdoor grills, boat ramp, and access to all that Cedar Creek Lake has to offer.
Whether you're looking for a full-time residence or a weekend lake getaway, this move-in-ready home offers the rare combination of new construction, quality finishes, and outstanding community amenities.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Price Decreased |
$284,000
↓ $11K
(3.7%) | |
| Price Decreased | |||
| Jun 8, 2026 | No longer available | - | |
| No longer available | |||
| Jun 8, 2026 | Listed by Ebby Halliday Realtors | $295,000 | |
| Listed by Ebby Halliday Realtors | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Price Decreased |
$295,000
↓ $14K
(4.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017