23 Falcon Nest Road Falcon Cove 2
About This Property
Don't let the exterior fool you-this charming lakefront cottage offers incredible space and flexibility, comfortably sleeping up to 12 guests! Designed with gatherings in mind, the home features two bedrooms on the main level, a spacious upstairs loft, and three full bathrooms to easily accommodate family and friends.
Inside, you'll find two separate living and entertainment areas-perfect for hosting. Use one as a cozy conversation space and the other as a game or media room. There's truly room for everyone to relax and unwind.
The true highlight of this property is the lakeside screened-in porch, where you'll likely spend most of your time enjoying peaceful water views. Start your mornings with coffee overlooking the lake and wind down in the evenings around the outdoor fire pit. A gentle slope leads to the water, with ample beach area for swimming, sunbathing, and lakeside fun.
Need storage? The detached garage provides plenty of space for your lake toys and equipment.
Conveniently located just off the highway for easy access-this waterfront retreat is ready for you to enjoy. Call today to schedule your private showing!
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Eufaula Lakeshore Realty, LLC | $349,000 | |
| Listed by Eufaula Lakeshore Realty, LLC | |||
| Jun 24, 2026 | Price Decreased |
$349,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Decreased |
$359,000
↓ $20K
(5.3%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by Eufaula Lakeshore Realty, LLC | $379,000 | |
| Listed by Eufaula Lakeshore Realty, LLC | |||
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WATERFRONT COTTAGE JUST OFF THE HIGHWAY AT LAKE EUFAULA, OK!
Don’t let the exterior fool you—this charming lakefront cottage offers incredible space and flexibility, comfortably sleeping up to 12 guests! Designed with gatherings in mind, the home features two bedrooms on the main level, a spacious upstairs loft, and three full bathrooms to easily accommodate family and friends.
Inside, you’ll find two separate living and entertainment areas—perfect for hosting. Use one as a cozy conversation space and the other as a game or media room. There’s truly room for everyone to relax and unwind.
The true highlight of this property is the lakeside screened-in porch, where you’ll likely spend most of your time enjoying peaceful water views. Start your mornings with coffee overlooking the lake and wind down in the evenings around the outdoor fire pit. A gentle slope leads to the water, with ample beach area for swimming, sunbathing, and lakeside fun.
Need storage? The detached garage provides plenty of space for your lake toys and equipment.
Conveniently located just off the highway for easy access—this waterfront retreat is ready for you to enjoy. Call today to schedule your private showing!
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| Jul 30, 2025 | Listed | $369,000 | |
| Listed | |||
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WATERFRONT COTTAGE JUST OFF OF THE HIGHWAY AT LAKE EUFAULA, OK! Don't let this home fool you! It looks small on the outside but it is designed to sleep 12 people on the inside! With two downstairs and a loft upstairs, there is plenty of room for family and friends. There are also 3 bathrooms to accommodate guests! Most of your time will be spent on the screened-in porch on the lakeside. Sit on the porch or outside around the fire pit and enjoy the lake view morning and evening. There is a gentle slope to the water and plenty of beach to enjoy! There is also plenty of storage for your lake toys in the attached two-car garage along with the extra two-car detached garage. Call today for a viewing!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017