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2292 LAKE DRIVE
About This Property
Upon entering the foyer, you'll be greeted by designer lighting, pocket doors, in-floor heating, European tilt-and-turn windows, tray ceilings, and high-quality hardwood floors. The home is adorned with elegant granite windowsills and includes a laundry room, zoned heating, and central air.
The gourmet kitchen is a chef's dream, boasting custom-made cherry cabinets with bird's eye maple inlays, granite countertops, a wine cooler, an oversized glass cooktop stove, a double oven, and a large pantry with a second refrigerator. The open and airy living room features a granite gas fireplace and ample space for gatherings, all with commanding views.
The second-floor master suite offers a sitting area with a morning bar, a private balcony, a large spa tub, a glass block shower, marble countertops, and glass sinks. The third floor includes a library or private home office with a custom wrought iron railing, a wood beam ceiling, and wood windowsills.
The property is beautifully landscaped with two gardens, expansive grass areas with an automatic watering system, and a charming large oak gazebo illuminated with soft lights and a maintenance-free floor, accessible via a gravel path from the house. The Brazilian oak pier features sturdy pilings with copper protective caps, two boat lifts (7,000 and 8,000 pounds), and slips for boats with up to four feet of draft.
Conveniently located between Baltimore and Annapolis, it provides easy access to Alexandria, VA, Washington, D.C., and Potomac, Bethesda...MD-all within an hour's drive. The water is perfect for all kinds of activities, including boating, kayaking, and paddleboarding.
This waterfront retreat seamlessly combines comfort, style, and functionality, making it a must-see for those seeking luxury living in a picturesque setting.
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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 12, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Price Decreased |
$1,549,000
↓ $41K
(2.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$1,590,000
↓ $60K
(3.6%) | |
| Price Decreased | |||
| Jun 16, 2026 | Listed by BMI REALTORS INC. | $1,649,900 | |
| Listed by BMI REALTORS INC. | |||
| Aug 8, 2024 | Listed | $1,880,000 | |
| Listed | |||
| | |||
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This idyllic waterfront estate offers a unique blend of luxury and nature, perfect for those seeking a serene retreat. Nestled on two combined lots (Lot 24 and Lot 25), this energy-efficient concrete home combines superior construction with modern elegance. Featuring 4 bedrooms, 3.5 baths, a 2-car garage with an apartment suite, and 360 feet of waterfront with a stunning 270-degree panoramic view of Chesapeake Bay and Bodkin Creek, this property exudes both colonial charm and contemporary design.
Upon entering the foyer, you'll be greeted by designer lighting, pocket doors, in-floor heating, European tilt-and-turn windows, tray ceilings, and high-quality hardwood floors. The home is adorned with elegant granite windowsills and includes a laundry room, zoned heating, and central air.
The gourmet kitchen is a chef's dream, boasting custom-made cherry cabinets with bird's eye maple inlays, granite countertops, a wine cooler, an oversized glass cooktop stove, a double oven, and a large pantry with a second refrigerator. The open and airy living room features a granite gas fireplace and ample space for gatherings, all with commanding views.
The second-floor master suite offers a sitting area with a morning bar, a private balcony, a large spa tub, a glass block shower, marble countertops, and glass sinks. The third floor includes a library or private home office with a custom wrought iron railing, a wood beam ceiling, and wood windowsills.
The property is beautifully landscaped with two gardens, expansive grass areas with an automatic watering system, and a charming large oak gazebo illuminated with soft lights and a maintenance-free floor, accessible via a gravel path from the house. The Brazilian oak pier features sturdy pilings with copper protective caps, two boat lifts (7,000 and 8,000 pounds), and slips for boats with up to four feet of draft.
Conveniently located between Baltimore and Annapolis, it provides easy access to Alexandria, VA, Washington, D.C., and Potomac, Bethesda…MD—all within an hour's drive. The water is perfect for all kinds of activities, including boating, kayaking, and paddleboarding.
This waterfront retreat seamlessly combines comfort, style, and functionality, making it a must-see for those seeking luxury living in a picturesque setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017