245 Bay Hill Drive
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%.
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 |
|---|---|---|---|
| Apr 8, 2024 | Sold | ||
| Sold | |||
| Mar 4, 2024 | Listed by MIKE POWELL REAL ESTATE | $1,650,000 | |
| Listed by MIKE POWELL REAL ESTATE | |||
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Here it is Folks. Your Dream Lake House situated high above Possum Kingdom Lake overlooking PK's beautiful blue water. PK offers some of the best sunsets you will ever experience. The home is located in The Cliffs Subdivision hosting one the state's top golf courses. The Pro shop is well stocked with inventory for all your golfing needs. Some of the best golf lessons can be taught right here while you're enjoying the stress free lifestyle the lake has to offer. The Chaparral Grille is one of PK's finest restaurants. Three swimming pools, hotel, marina, RV camping, picnic beach area and a conference center. This luxurious home offer 4 bedrooms, three and a half bathrooms, office, cathedral ceilings, large picture windows to allow the lake to flow into your view from almost every room in the house. The eloquent curved staircase defines the quality of this home. Lots of room to entertain your family and all your guests. The outdoor areas are perfect for the lake lifestyle.
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| Oct 14, 2021 | Sold | ||
| Sold | |||
| Jul 7, 2021 | Listed by Williams Trew Real Estate | $1,295,000 | |
| Listed by Williams Trew Real Estate | |||
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MULTIPLE OFFERS RECEIVED. SUBMIT BEST & FINAL BY 10AM ON 8-19-21. Walk in to wow! This light, open and very spacious home with spectacular views of the lake will not disappoint. Fully-furnished (see items excluded below), freshly painted, all new carpet and many new appliances provides a move-in-ready lake home & getaway. Master Suite is on the 1st floor along with a flex room for an office or bedroom. Huge kitchen & dining open to the living area will accommodate the whole gang. The main patio and upstairs balcony are best to take in the incredible view with some shade from oak trees and open areas for sunning & stargazing. Enjoy 36 rounds of golf annually, restaurant, bar, pools, playground, marina & more!
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| Aug 7, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017