1471 N Lagoon Point
About This Property
Inside, the home features vaulted ceilings, updated flooring, and an open living area overlooking the water. The kitchen includes quartz countertops, custom cabinetry, stainless steel appliances, wine fridge, farmhouse sink, and a large island with cooktop and seating. The main-level primary suite includes dual vanities and an oversized tiled shower with dual shower heads. A mudroom with half bath provides direct access to the rear deck leading to the pool area. Upstairs, the third bedroom includes a full bath and access to a screened balcony connected by an interior catwalk overlooking the main living space and canal.
Additional updates include a 2019 metal roof, 2025 gas tankless water heater, 2025-installed 500-gallon underground propane tank, and 2025 drainfield replacement. The property is serviced by well and septic and has no HOA.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 9, 2026 | Price Decreased |
$824,900
↓ $15K
(1.8%) | |
| Price Decreased | |||
| May 29, 2026 | Price Decreased |
$839,900
↓ $10K
(1.2%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by Wave Elite Realty LLC | $849,900 | |
| Listed by Wave Elite Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017