12427 Atlantic Drive
About This Property
Luxury Lakefront Living at Its Finest! Experience the ultimate in lakefront living in this stunning custom home offering 7 bedrooms and 5 bathrooms, thoughtfully designed for comfort, entertaining, and relaxation. Includes all furnishings throughout the home, offering a stylish, move in ready living experience with premium quality and designer appeal. Enjoy high-end custom finishes, a spacious game room, and seamless indoor–outdoor living. Step outside and walk directly down to your sandy beach, or unwind in the hot tub, gather around the outdoor fire pit, or relax under the covered patio overlooking the lake. The fenced yard, professionally landscaped grounds, and sprinkler system complete the outdoor oasis. Additional features include a 3-car garage and an impressive 36x40 metal insulated shop building, perfect for storage, hobbies, or lake toys. Located in a highly desirable neighborhood with a boat ramp, this property offers all the amenities you need for exceptional lake living. This is luxury, lifestyle, and location-combined.
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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 |
|---|---|---|---|
| Oct 18, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Listed by Texoma Agency, Inc. | $1,695,000 | |
| Listed by Texoma Agency, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017