24084 Cherry Stone Lane
About This Property
Waterfront lot with 160 feet of frontage, located in a deed-restricted community with public utilities in place. Enjoy breathtaking sunrises, and community amenities .
This property also offers the option to purchase a custom home project featuring 4 bedrooms and 3 bathrooms, with city-approved plans and permits ready to build, for only an additional $22,000. The total purchase price is $107,250.
A rare combination of natural beauty, convenience, and ready-to-build value.
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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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Nov 6, 2025 | Listed by STELLAR NON-MEMBER OFFICE | $92,500 | |
| Listed by STELLAR NON-MEMBER OFFICE | |||
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SDEO
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| Oct 14, 2025 | In contract | - | |
| In contract | |||
| Sep 14, 2025 | Listed by Avanti Way Realty LLC | $85,250 | |
| Listed by Avanti Way Realty LLC | |||
| Feb 16, 2025 | Listed | $120,500 | |
| Listed | |||
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Drive by Lot Great land
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Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017