by RH Advisors

See Home Value
$1,650,000
● House - Off Market

123 Lake Drive

Hempstead, NY 11557
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,000 Ft²
$11,819
Est. Monthly
1.83%
Cap Rate

About This Property

Discover luxury living in this expansive 5-bedroom, 4.5 bath home on prestigious Lake Drive in Hewlett Harbor. Offering elegantly appointed interior space, this residence combines timeless architecture with modern amenities-ideal for grand entertaining and comfortable family living. Featuring a grand foyer, formal living and dining rooms, and a chef's kitchen with Wolf appliances, three sinks and two dishwashers flowing into a family room-ideal for seamless entertaining. High-end appliances, custom cabinetry, a large island, and breakfast area with serene views stun guests. Double walk-in closets, spa-style en-suite bath, and private sitting area overlook lush grounds of the golf course.   Commuter-friendly location with easy access to the Hewlett LIRR station, major highways, private clubs, and recreational facilities. Nearby communities like Lynbrook, East Rockaway, and Woodmere provide shopping, dining, and leisure amenities.
Unit Size
4,000 Ft²
Days on Market
198 days
Land Size
0.25 acres
Price per sqft
$444
Property Type
House
Property Taxes
$3,103
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

Last updated: 10 months ago (OneKey MLS #KEY879999)

Price History

Date / Event Date Event Price
Jan 15, 2026 Sold
Sold
Oct 31, 2025 In contract -
In contract
Sep 17, 2025 Price Decreased $1,775,000
↓ $25K (1.4%)
Price Decreased
Aug 5, 2025 Price Decreased $1,800,000
↓ $100K (5.3%)
Price Decreased
Jun 19, 2025 Listed by Douglas Elliman Real Estate $1,900,000
Listed by Douglas Elliman Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 3
  • Building Quality: 2
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 10

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,090
  • Total Building Area: 3,821
  • Building Area: 3,821
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,821
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 014

Neighborhood

  • School District Name: Hewlett-Woodmere Union Free School District
  • School Tax School District: 014
  • School Tax District Code 2: HH
  • Census Tract: 411500

Geography

  • District: 282017
  • Section: 42
  • Parcel: 42-213-00-0120
  • Block: 213
  • Lot: 120
  • Municipality: HEWLETT HARBOR
  • Latitude: 40.6309
  • Longitude: -73.6833

    Address

  • Full Address: 123 Lake Dr
  • Address - House Number: 123
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Hewlett
  • Carrier Code: C008
  • 4-Digit Zip Code: 2628
  • Zip Code: 11557

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,687,492
  • Tax Rate Code Area: 174

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 1,753,968
  • High Value: 2,049,963
  • Low Value: 1,457,973

    Market Valuation

  • Market Total Value: $1,231,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,231
  • Assessed Land Value: $452
  • Assessed Improvements Value: $779
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Five Towns


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Nearby Rentals

Unit for rent at 50 Catherine Street, Valley Stream, NY, 11581

$6,500 /mo

  • 5 Beds
  • 2 Baths
  • 2,268 ft²
50 Catherine Street, Valley Stream, NY, 11581 Listing by Ravi Pal


Frequently Asked Questions

When was property at 123 Lake Drive built and last sold?
The property at 123 Lake Drive was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 123 Lake Drive is $1,792,750.
What are some comparable homes to 123 Lake Drive?
There are currently no comparable homes to 123 Lake Drive.