166 Palisade Drive
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%.
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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.
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 1, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$795,000
↓ $45K
(5.4%) | |
| Price Decreased | |||
| Oct 9, 2025 | Listed by Ebby Halliday Realtors | $840,000 | |
| Listed by Ebby Halliday Realtors | |||
| | |||
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Enjoy breathtaking lake views and modern comforts from this 2020-built waterfront retreat at Cedar Creek Lake. Situated on a unique waterfront lot, the property offers southeast-facing views and a fully fenced backyard ideal for pets and children. While the platted lot reflects 0.14 acres, the land below the 325’ line provides additional usable space for improvements such as a pool or outdoor kitchen (with TRWD approval). The wide shoreline also supports potential for boathouse expansion (permit required), and the existing boathouse already includes a party deck perfect for entertaining. Best of all, you’ll enjoy a private boat slip and deep water at the shoreline. With approx. 2,099 sq ft, the home features four bedrooms and 3.5 baths, including two private en suites. A half bath is located on the main level, and the attached 2-car garage offers direct access to the backyard for storing lake toys and gear. Inside, you’ll find wood-look tile flooring, a light and bright color scheme, and walls of windows that frame miles of open water views. The kitchen is designed with custom cabinetry (upper glass-front doors), granite counters, and a large island with sink. The spacious owner’s suite includes a private balcony overlooking the lake and a bath with dual sinks and walk-in shower. Located in Gun Barrel City—the “hub” of Cedar Creek Lake—this home is close to shopping, dining, and entertainment. Short-term rentals are permitted, offering excellent potential for both personal use and investment. A clean, well-maintained waterfront retreat with panoramic views, newer construction, and outdoor living at its best—ready for you to enjoy lake life!
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| May 26, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017