135 Bay Hill Drive
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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 |
|---|---|---|---|
| May 27, 2021 | Sold | ||
| Sold | |||
| Jan 23, 2021 | Listed by Christie's Int'l ULTERRE | $349,000 | |
| Listed by Christie's Int'l ULTERRE | |||
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This remarkable lot is arguably one of the finest available at the Cliffs at Possum Kingdom Lake. This build-ready lot lies roughly 200 feet above the lake, providing a homesite that yields absolutely stunning views. Located on the highly sought-after Bay Hill Drive in the Cliffs, this breath-taking lot is ideal for building a home to rival the incredible view. Enjoy all that this incredible, gated community has to offer as a vacation or full-time residence! Amenities include an 18-hole championship golf course, security, restaurant, bar, tennis courts, swimming pools, adjacent marina, spa, fitness center and a playground. Rare opportunity to own one of the few remaining lots in one of the finest areas in PK!
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About Palo Pinto
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14492721
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017