2325 Lantern Lane
About This Property
Kukk, Matt Joyner, and constructed by Frontier Custom Homes. In an ideal position walking distance to the
Port Royal Club and the 3rd Street South entertainment district, this furnished home also
offers a 2 bed, 2 bath guesthouse. Situated on a generous lot and a half, the distinguished estate features an
expansive wraparound porch and an astounding 3,000 square feet of covered outdoor lanais for relaxation and
entertaining. With one-of-a-kind reclaimed century-old Chicago brick underfoot, the space opens to serene views
of Lantern Lake's glistening waters, framed by gently swaying palms transforming the backyard into an oasis.
Attentively maintained with thorough upgrades, the gourmet kitchen features one-inch-thick cabinetry by Ruffino,
appliances by Wolf, Sub-Zero, and Viking, two wine refrigerators and bar. The primary suites have been
modernized exquisitely. Custom onsite millwork, solid American cherry wood flooring and front door highlight the
refinement of this elegant residence. A newer pool with striking shell stone decking sets off the stunning backyard
area. This remarkable property offers a new 32kw generator. Club membership eligible.
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | Listed by Gulf Coast International Prop | $11,995,000 | |
| Listed by Gulf Coast International Prop | |||
| Feb 28, 2024 | No longer available | - | |
| No longer available | |||
| Feb 24, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017