158 Deer Island Road
About This Property
Inside, vaulted ceilings and floor-to-ceiling windows define the open living, dining, and kitchen area, bringing in natural light and keeping the water in view throughout the main living space. The kitchen features quartz countertops, custom cabinetry with abundant storage, a large island for gathering, and stainless steel appliances, complemented by a beverage center just off the back door for easy access to the outdoor living area. The living area is centered around a wood-burning fireplace, with crown molding, recessed lighting, and durable white oak-look flooring carried throughout.
The layout includes three bedrooms, with two located on the main level along with a full bath that also functions as an en suite with guest access. The upstairs primary suite offers a more private retreat with its own en suite bath and private balcony. Bathrooms have been beautifully updated with tiled showers, glass enclosures, quartz countertops, and modern stainless fixtures.
Approximately 70 feet of platted waterfront on an over quarter-acre lot features a steel retaining wall, lake pump sprinkler system, and St. Augustine grass. The boathouse offers a wide walkway, covered boat slip, dual PWC lift, plus an additional PWC lift on the side, along with lake stairs for easy access to the water. A large storage building with a roll-up door on the water side provides excellent space for water toys and outdoor furniture.
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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 |
|---|---|---|---|
| Oct 18, 2026 | No longer available | - | |
| No longer available | |||
| Jul 30, 2026 | Price Decreased |
$799,000
↓ $100K
(11.1%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Ebby Halliday Realtors | $899,000 | |
| Listed by Ebby Halliday Realtors | |||
| Jul 31, 2023 | Sold | ||
| Sold | |||
| May 11, 2023 | Listed by TX Lake & Land Real Estate | $799,500 | |
| Listed by TX Lake & Land Real Estate | |||
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BOOMING WATERVIEWS ON THE ISLAND!!!! Here is your chance to be a part of this exclusive community on Deer Island with beautiful sunrise and sunset views all around. Wonderful home on large tree covered lot with meandering flagstone paths leading to over-sized covered dock. Three bedroom and two bath home will accommodate all your guest and plenty of parking too! Large storage building for all your water toys and golf cart or use as additional living space. This home is not only wonderful for summer fun, but also chilly evenings with the fireplace and firepit. Don't miss out on your chance to own one of the best views on the lake!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017