23424 Bay Side Drive
About This Property
Welcome to your dream lake home in Cumberland Ridge! This spectacular 3 bedroom, 2 bath residence boasts 2,452 sq. ft. of elegant living space with a desirable split floor plan. The primary suite features breathtaking lake views, a luxurious walk-in shower, a charming clawfoot tub, double vanity sinks, and spacious walk-in closets for all your needs. The oversized guest bedrooms ensure comfort for family and friends alike.
Enjoy delightful family meals in the formal dining room or unwind on the expansive covered back deck, where breathtaking open water sunset views of Lake Palestine await. The property features a spacious backyard adorned with beautiful trees, perfect for outdoor gatherings. The impressive double-decker boathouse offers ample space for your watercraft, accommodating up to 3 boats and jet skis with its two enclosed stalls and one covered stall.
With a natural rock boulder retaining wall and a picturesque lot, this exceptional Lakehouse epitomizes the ultimate lake life experience. Make your lake living dreams a reality-schedule a visit today!
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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 22, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Relisted | $824,000 | |
| Relisted | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Listed by Keller Williams Realty-Tyler | $824,000 | |
| Listed by Keller Williams Realty-Tyler | |||
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20990118
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017