1716 Luau Court
About This Property
Designed for both entertaining and everyday comfort, this 3-bedroom, 2.5 bath home welcomes you with an open-concept layout where the living, kitchen, and dining spaces are all framed by spectacular lake views. The inviting living room features a cozy fireplace, creating the ideal gathering space for hosting family and friends.
The chef's kitchen is thoughtfully designed with a large quartz island, double ovens, gas cooktop, and abundant prep and serving space. Sunny breakfast area has beautiful views of the lake, Dry bar with wine cooler and mini fridge.
The oversized primary suite is a true retreat, complete with stunning water views, a spa-inspired ensuite bath featuring a soaking tub, oversized walk-in shower, dual vanities, and a spacious walk-in closet.
Step outside to the expansive all-weather lakeside deck, offering the perfect setting for morning coffee, sunset dinners, or weekend entertaining. Down at the water, the private boathouse includes a 22-foot boat lift, tandem PWC lift, and an upper party deck with front-row seats to Cedar Creek Lake's famous fireworks displays. Short term rentals permitted!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Price Decreased |
$1,049,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$1,099,000
↓ $101K
(8.4%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$1,200,000
↓ $50K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017