123 LAKE CARLETON DRIVE
About This Property
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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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by MORRIS REALTY AND INVESTMENTS | $309,900 | |
| Listed by MORRIS REALTY AND INVESTMENTS | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed | $319,000 | |
| Listed | |||
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Under contract-accepting backup offers. Welcome to your dream lakefront retreat! This beautifully renovated A-frame home in a peaceful Melrose neighborhood is a rare opportunity for investors and nature lovers alike. Currently operating as a highly successful Airbnb, this property generates over $60K in annual revenue offering instant cash flow from day one!
Spanning 1,147 sq. ft., this charming getaway features 2 bedrooms, 1.5 baths, and breathtaking lake views from the private 2nd story balcony located off the primary suite. There is also a second balcony right off the kitchen where you can enjoy your morning coffee. Modern updates include a durable metal roof, sleek stainless steel appliances, elegant granite countertops, and stunning tongue-and-groove ceilings. The thoughtful layout provides two sleeping areas and a half bath upstairs, while the full bath with a walk-in shower is conveniently located on the main floor.
Sitting on a sprawling 0.96-acre lot, this property is designed for both relaxation and adventure. Enjoy direct lake access, a private beach area, a large floating dock, a spacious patio, and a large shed to store all your toys. Picture yourself unwinding in the hot tub with a glass of wine, watching the sunset over the water—pure lakefront bliss.
Whether you’re looking for a high-performing short-term rental or a peaceful owner-occupied lakefront escape, this home offers the best of both worlds.
Perfectly positioned near Gainesville, Ocala, St. Augustine, Keystone Heights, and Jacksonville, this waterfront oasis won’t last long so schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017