22702 Islamare Lane
About This Property
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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%.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Listed by Coldwell Banker Realty | $1,199,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Ideally located just three homes from the lake on a private one-side loaded street, this beautifully updated residence offers space, style, and an exceptional Lake Forest lifestyle. The home features 4 bedrooms, a spacious loft, and 2.5 bathrooms, including an expansive primary suite with a private balcony and a remodeled spa-inspired bath with soaking tub, walk-in shower, and dual vanities. The updated kitchen showcases natural stone countertops, stainless steel appliances, and newer flooring, opening seamlessly to bright, light-filled living spaces designed for both everyday living and entertaining. Outdoor living is equally inviting with a lush grassy yard, patio area, and oversized hot tub—perfect for relaxing evenings under the stars. Recent upgrades include an owned solar system, newer HVAC,roof, electrical panel, tankless water heater, and updated flooring. The finished garage features epoxy floors, abundant storage, and a Level 2 EV charger. Plus, you’re not only buying a great home, but buying into an active community with loads of activities & social events HOA dues include access to the Lake Forest Beach and Tennis Club, a mere 5 minute walk away. There you will find 3 pools, a swimming lagoon, pickleball, tennis, basketball, volleyball, myriad social clubs & events, and amazing lake views as well. Stepping into this home will leave you with a sense of peace and calm, so check it out today!
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| Jul 21, 2025 | Price Decreased |
$1,298,888
↓ $50K
(3.7%) | |
| Price Decreased | |||
| Jul 6, 2025 | Price Decreased |
$1,348,888
↓ $40K
(2.9%) | |
| Price Decreased | |||
Property Highlights
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About Lake Forest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017