1348 Camelot Drive
About This Property
Located in the Village Grove community, this 3-bedroom, 2.5-bath lakefront townhouse offers a rare combination of direct lake frontage, private dock ownership, and water views-features not found on all homes within the neighborhood. The property is situated on a private lake with permitted fishing and boating, providing immediate access from your own private dock. The electric boat is included with the property.
The home features a functional two-level layout with all three bedrooms and two full bathrooms located upstairs, plus a powder bath on the main level. The main floor includes an indoor laundry room, living area, dining space, and kitchen. Interior features include crown molding, double-pane windows, plantation shutters, and a built-in hutch in the dining area.
The kitchen is equipped with granite countertops, bar seating, stainless steel appliances, and sliding door access to your private patio. Outdoor spaces include your downstairs patio between your garage and home, plus an upper-level balcony with lake views off your primary suite bedroom which is positioned directly above your private dock.
Additional highlights include your private and oversized 2-car garage. Residents of Village Grove have access to a community pool and tennis courts. The lake setting offers regular sightings of local wildlife such as ducks and turtles, adding to the waterfront atmosphere.
Conveniently located near daily amenities and landmarks, including Corona High School, shopping, dining, and major commuter routes.
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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%.
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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 |
|---|---|---|---|
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 21, 2025 | Listed by Real Broker | $599,000 | |
| Listed by Real Broker | |||
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About Central Corona
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017