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23 Orchard Road
About This Property
Set on the eastern shore of Peach Lake in the sought-after Vails Grove community, this rustic home offers the ultimate lakeside lifestyle within the North Salem School District. With 2 bedrooms, 2.5 baths, a dedicated office, an open living room, kitchen, lower level family room with laundry and a 2-car, heated garage, this is more than a summer home-it's a full-time residence.
The main level features an open kitchen and dining area, living room, a spacious deck, to enjoy sunset, the primary bedroom with its own full bath, plus an additional bedroom, office, and full bath. The lower level offers flexibility with a family room, half bath, laundry, and access to the heated 2-car garage. Living in Vails Grove means you're steps away from the community beach, with swimming, boating, tennis courts and a playground-just minutes from Croton Falls and the Metro-North train station, as well as Danbury and Ridgefield Connecticut. This special property has been in the same family for over 50 years - who will own it next?
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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 20, 2026 | Listed by Coldwell Banker Realty | $469,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017