1406 Shore Drive
About This Property
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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 |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Listed by Coldwell Banker Realty | $2,500,000 | |
| Listed by Coldwell Banker Realty | |||
| Sep 9, 2016 | Sold | ||
| Sold | |||
| Feb 8, 2016 | Listed by Coldwell Banker Realty | $995,000 | |
| Listed by Coldwell Banker Realty | |||
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Mile-wide Lake Michigan views and a great open floor plan make this 5BR/3.5BA lakefront home a dream come true! Dramatic two-story great room opens to kitchen and dining area, perfect for entertaining, and leads to large screen porch and wrap around deck overlooking the lake. Main level rec room opens to professionally landscaped garden and deck with Lake Michigan views. Located in quiet Sunset Shores Association, this home is a beautifully maintained getaway just a bike ride away from New Buffalo's beach, shops, restaurants and harbors. Enjoy deeded private association beach rights. Seawall reinforced in 2016. This is an incredible lakefront value in Harbor Country!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017