232 LAKE RIDGE DR
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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Listed by Keller Williams Heritage | $1,499,900 | |
| Listed by Keller Williams Heritage | |||
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Lake McQueeney is set to return in March 2026 - and this is your chance to secure your spot before the water does. This waterfront home commands wide water views, prime positioning, and unforgettable sunsets on one of McQueeney's most desirable stretches. When the lake is full, this location delivers big water presence with easy access to everything that makes McQueeney iconic. The ski lodge is a short boat ride away! Stone, rock, and stucco construction paired with a metal roof and wrought-iron French doors create bold curb appeal. The covered back patio-wired for outdoor TV-overlooks the shoreline and flows to an expansive concrete entertaining space and private boathouse with electric lift. Inside, the split floorplan blends comfort and style with quartz countertops, double ovens, crown molding, tray ceilings, recessed lighting, and upgraded finishes throughout. The oversized owner's suite offers water views and a spa-style bath complete with soaking tub, steam shower, towel warmer, quartz counters, and custom closet system. Upstairs, additional bedrooms and a loft/game room with beverage station and enclosed balcony give guests their own space with lake views. Three-car garage. Zoned HVAC (2020). Dual water heaters. WiFi-controlled systems throughout. Lake McQueeney is coming back. The question is-will you already be here when it does?
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| Jun 3, 2011 | Sold | ||
| Sold | |||
| Mar 26, 2010 | Listed by Karen McMillan + Assoc REALTOR | $495,000 | |
| Listed by Karen McMillan + Assoc REALTOR | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017