50
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1295 Lagoon Drive
About This Property
The open-concept layout highlights a spacious living area, dining space, and kitchen with island, breakfast bar, and pantry. Built-ins and a dedicated desk area provide functionality for work or storage. Large windows showcase stunning canal views and fill the home with natural light. Bedrooms are generously sized with large closets and a split floor plan to ensure ultimate privacy for owners and guests.
The downstairs is perfect for entertaining, with a covered patio, outdoor fireplace, garage, and additional storage.
This home combines comfort, privacy, & direct water access-ideal for a primary residence, or vacation 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%.
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 5, 2026 | Price Decreased |
$899,000
↓ $31K
(3.3%) | |
| Price Decreased | |||
| Mar 10, 2026 | Relisted | $930,000 | |
| Relisted | |||
| Mar 2, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Oct 14, 2025 | Relisted | $950,000 | |
| Relisted | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017