1703 PELICAN Place
About This Property
The spacious, open layout is ideal for everyday living and entertaining, with the master suite and kitchen on the top floor to enhance views and provide seamless indoor-outdoor flow.
Step outside to your private backyard retreat with a sparkling pool, relaxing hot tub, outdoor kitchen, and expansive paver patio overlooking the lake--perfect for entertaining or unwinding at sunset. Enjoy direct water access from your private dock, complete with a boat lift, dual jet ski lift, and floating dock Additional highlights include a large workshop, paver driveway with ample parking, and a charming chicken coop. With generous outdoor space, pool and stunning lake views, this property offers a rare opportunity to experience the best of lakefront living on Doctors Lake with an Assumable VA Loan.
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Price Decreased |
$1,290,000
↓ $35K
(2.6%) | |
| Price Decreased | |||
| Jun 16, 2026 | Price Decreased |
$1,325,000
↓ $40K
(2.9%) | |
| Price Decreased | |||
| May 17, 2026 | Price Decreased |
$1,365,000
↓ $35K
(2.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017