150 Preston Trail
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 |
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| May 26, 2023 | Sold | ||
| Sold | |||
| Mar 14, 2023 | Listed by The Brokerage Residential LLC | $550,000 | |
| Listed by The Brokerage Residential LLC | |||
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This picturesque property in the Cliffs Resort on Possum Kingdom Lake sits atop four beautiful, wooded lots overlooking a quiet cove on Possum Kingdom Lake. If you are looking for a secluded retreat within an exclusive, gated community on Possum Kingdom Lake, look no further. This 3-2 includes plans for expansion onto the adjacent lots and plans to build a separate home to create your dream lake retreat with floor to ceiling windows, allowing you to take in the amazing views of the lake. The home is the only one in the wooded cul-de-sac, which allows you to enjoy deer, birds, wildlife with a water view. The kitchen, living & dining take advantage of the beautiful lake views in the open concept area. The kitchen has a large island and flows perfectly into the screened in porch and the adjacent outdoor deck. A full bedroom with a walk-in closet and full bathroom are on the lower level, near the large laundry room. Two bedrooms and a full bathroom occupy the upper level.
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| Jul 27, 2020 | Sold | ||
| Sold | |||
| Jun 20, 2020 | Listed by Coldwell Banker Realty | $275,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 13, 2017 | Listed | $289,000 | |
| Listed | |||
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Unobstructed view of the water in Neeleys Slough on Possum Kingdom Lake from both the out door deck & covered deck, relax or entertain family & friends. Cozy cabin, with all the comforts of home. Relax in the casual confines of the light & airy livingroom. The no maintance landscaping leaves more time for fun. Located between the Cliffs Marina & the Cliffs Golf Course making what to do 1st a tough choice. Private & secluded!The manager has listed the unit size as 1555 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017