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13508 PALM DRIVE
About This Property
The oversized screened room is perfect for entertaining or relaxing after a day on the water, and the large boathouse easily accommodates a 22' pontoon boat. With no HOA or deed restrictions, you own the land and enjoy complete freedom to live the lake lifestyle.
Updates include a 2013 water heater, 2004 roof, 2015 A/C (serviced annually), PEX plumbing, and plywood subflooring installed in 2005.
All appliances and furnishings convey, excluding personal items.
Don't miss this exceptional waterfront. Ask for a showing today!
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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 |
|---|---|---|---|
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Price Decreased |
$179,900
↓ $5K
(2.7%) | |
| Price Decreased | |||
| May 6, 2026 | Relisted | $184,900 | |
| Relisted | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Price Decreased |
$184,900
↓ $5K
(2.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017