16020 SE County Road 2359b
About This Property
Comprising two spectacular lots, this parcel provides a rare combination of extensive lakefront access and the seclusion afforded by mature hardwood trees. Imagine crafting your dream home amidst this serene landscape, where every window captures stunning views of the lake and the surrounding woodland. With substantial road frontage, on two sides, access to both lots is seamless, ensuring convenience without compromising the harmony of the natural setting. This is more than just land; it's an invitation to create a lifestyle of peace, luxury, and connection with nature.
Seize the opportunity to own a piece of paradise in one of the lake's finest communities. Experience the ultimate in lakeside living and make your dream home a reality today.
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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 30, 2026 | Listed by Compass RE Texas, LLC. | $199,900 | |
| Listed by Compass RE Texas, LLC. | |||
| Oct 22, 2026 | No longer available | - | |
| No longer available | |||
| Sep 2, 2026 | Price Decreased |
$238,900
↓ $1K
(0.4%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$239,900
↓ $5K
(2%) | |
| Price Decreased | |||
| May 20, 2026 | Price Decreased |
$244,900
↓ $5K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017