1598 LOCKMEADE PLACE
About This Property
The luxurious primary suite serves as a private retreat with sliding doors opening to the patio. A grand gas fireplace with a custom mantel adds character, while the spa-inspired bathroom features dual vanities, a private water closet, a walk-in shower with dual showerheads, and a stunning clawfoot soaking tub positioned in a bay window beneath a chandelier. Expansive walk-in closets with custom built-ins complete the suite. Outdoor living is equally impressive. The backyard showcases an oversized pool with automation, solar heating, and a spillover spa with optional propane heating. Travertine pavers surround the pool area, and the covered screened patio provides multiple seating and entertaining spaces. Mature landscaping and decorative accent planters create a private resort-style setting. The irrigation system utilizes reclaimed water. Additional highlights include a barrel tile roof (2013), brick-paver driveway, oversized three-car garage, large laundry and mudroom, updated HVAC systems with UV lights (2016 and 2019), a water softener system, and a 100-gallon propane tank serving the pool, spa, and range. Most solar panels have been replaced within the past four years, and the exterior was freshly painted in 2017.
This exceptional property offers a rare combination of elegance, space, and modern updates in a premier gated community. Conveniently located near top-rated schools, golf, shopping, and dining, it provides the ideal setting for both everyday living and entertaining.
Schedule your private showing and experience everything this remarkable East Lake Woodlands home has to offer.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017