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2260 LAKE DRIVE
About This Property
At the heart of the home, soaring ceilings, exposed beams, and walls of windows frame breathtaking views of the Chesapeake. The gourmet kitchen features custom cabinetry and granite countertops and flows seamlessly into the dining and living spaces, where a fireplace creates an inviting gathering place without competing with the ever-changing waterfront backdrop. Just off the kitchen, an expansive deck with a hot tub extends the living space outdoors and offers a front-row seat to sunrise over the Bay.
The primary suite is a private sanctuary with Bay views, a full bath, office area, and convenient laundry. Additional bedrooms offer generous proportions and abundant natural light, while flexible spaces throughout the home provide options for a home office, fitness area, or additional gathering space. On the third level, a screened porch offers an elevated retreat for quiet mornings or evenings overlooking the water.
Outdoor living unfolds across multiple levels, each offering a different way to enjoy the Chesapeake setting. In addition to the deck off the kitchen and upper-level screened porch, a lower-level patio creates another inviting outdoor space with direct access to the garage, providing a natural connection between the home, waterfront lawn, and everyday recreation.
Outside, the property truly comes into its own. A maintenance-free composite pier extends into more than six feet of water and is equipped with a 10,000-pound boat lift and jet ski lift, making days on the Chesapeake effortless. An expansive waterfront lawn provides room to entertain, relax, and take in the scenery, while the home's elevated design captures panoramic views from multiple levels.
From quiet mornings watching the sunrise to afternoons spent boating and evenings overlooking the Bay, 2260 Lake Drive is more than a waterfront home; it is an opportunity to experience the Chesapeake at its finest.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$1,275,000
↓ $75K
(5.6%) | |
| Price Decreased | |||
| Sep 24, 2026 | Listed by TTR Sotheby's International Realty | $1,350,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Jul 31, 2025 | Price Decreased |
$1,449,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Jun 28, 2025 | Price Increased |
$1,499,000
↑ $324K
(27.6%) | |
| Price Increased | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017