243 Lake Road
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Price Decreased |
$1,595,000
↓ $80K
(4.8%) | |
| Price Decreased | |||
| Apr 21, 2024 | Listed by Corcoran Country Living | $1,675,000 | |
| Listed by Corcoran Country Living | |||
| | |||
|
Welcome to your dream house lake retreat at 243 Lake Road, directly across from Stissing Pond in Pine Plains which was recognized as "The 12 Best Small Towns in New York" by Travel & Leisure. This stunning new construction offers the perfect blend of modern design and serene lakeside living. The moment you step foot in this home you will fall in love with this open concept space. No detail has been overlooked, from the exceptionally large windows, fireplace, lighting, white oak floors, butlers pantry, hidden mud room, pocket doors, and much more. The kitchen is a chef's dream and fully equipped with top-of-the-line appliances, ample counter space and custom cabinetry. Whether you're hosting intimate gatherings or creating culinary masterpieces, this kitchen is sure to inspire you. Oversized windows throughout the home showcase breathtaking views of Stissing Mountain & Pond, creating a seamless connection between indoor comfort and outdoor beauty. The primary suite offers luxurious amenities, including spa-like ensuite bathroom, spacious walk in closet with laundry, and direct access to the outdoors. In addition to the primary suite, the home offers 3 other well-appointed bedrooms and bathrooms, living and work space. This is the most thoughtful and meticulous construction done to the highest standards. This property is packed with upgrades you must see to appreciate. Most notably the home comes with an additional neighboring BOH approved lot that can be used to build more structures to create your own compound or grounds for a pool and gardens. Whether you enjoy fishing, kayaking, hiking, or simply basking in the natural beauty of your surroundings, this lake paradise offers endless opportunities. Nestled between the towns and villages of Rhinebeck and Millbrook, just 10 minutes from the Taconic Parkway, and 2 hours to Manhattan, this home offers easy access to desirable local shopping, local award winning restaurants like Stissing House, and close to countless events.
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| Mar 22, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
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About Dutchess
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,500 /mo
- 1 Bed
- 1 Bath
- 850 ft²
$2,825 /mo
- 2 Beds
- 2 Baths
- 1,140 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017