179 Springlake Drive
About This Property
than just a home, this is a rare opportunity to become the next steward of a property that is equal parts history, retreat, and legacy.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Listed by Circa Real Estate | $1,999,000 | |
| Listed by Circa Real Estate | |||
| Aug 24, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 9, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 4, 2026 | Listed by Realty Of America - Heights | $2,750,000 | |
| Listed by Realty Of America - Heights | |||
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Tucked away in the quiet beauty of nature, sits a place with a story that stretches back nearly 150yrs. This is Lunagua Wildlife Farm—98 acres of woodlands, meadows, and water.
At the heart stands a 3,726SF residence, 4bedrooms 4baths with tall ceilings and expansive windows. Steps away, a 756SF guesthouse built in 2024. The 1,440SF barn built in 2015. From the shoreline of Lake Gladewater— 1,100+ft lake frontage—to the 1.5-acre spring-fed pond, water is the lifeblood of this estate. A sprawling 1,230ft wood deck overlooks the lake.
In 1877, a Civil War medic purchased these acres after discovering the natural springs flowing through the ravine—waters he believed held healing properties. By 1938, the Phillips Oil Company office was constructed, becoming a community hub and even rumored visits from a young Elvis Presley.
More than just acreage, more than just a home, this is a rare opportunity to become the next steward of a property that is equal parts history, retreat, and legacy
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017