1317 SPRING LAKE TERRACE
About This Property
This residence goes above and beyond by catering to various interests. Imagine having your very own podcast studio, a generously sized 3-car garage, energy-efficient solar panels, and a separate workshop building. The journey begins with an impressive entrance featuring soaring ceilings that set the tone for the meticulous craftsmanship found throughout. The heart of the home boasts an expansive open-concept chef's kitchen adorned with handcrafted cabinetry, quartz countertops, state-of-the-art appliances, and breathtaking views of the lake.
Prepare to be enthralled as you explore the luxurious Owner's Retreat. This haven of comfort grants access to a private terrace that gazes out onto the lake, creating a truly enchanting escape. The Owner's Spa bath amplifies the sense of opulence, while an expansive wardrobe dressing area with additional washer and dryer ensures storage is never a concern.
The outdoor space harmoniously blends relaxation and recreation, featuring a capacious screened patio deck, a glistening pool, a covered outdoor living room, and captivating views of the tropical lake surroundings. Don't let this unparalleled opportunity slip away – secure your chance to experience this remarkable estate firsthand by scheduling a private tour today. Your dream of lakeside luxury living awaits.
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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 |
|---|---|---|---|
| Jun 19, 2026 | Price Decreased |
$1,790,000
↓ $200K
(10.1%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$1,990,000
↓ $10K
(0.5%) | |
| Price Decreased | |||
| Jan 14, 2025 | Price Increased |
$2,000,000
↑ $515K
(34.7%) | |
| Price Increased | |||
| Oct 19, 2024 | Price Decreased |
$1,485,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Jul 19, 2024 | Price Decreased |
$1,490,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017