24595 Overlake Drive
About This Property
Enjoy a peaceful setting with a view of the lake from your front yard, creating a serene and scenic first impression. Inside, vaulted ceilings in the living and dining rooms add a sense of openness, while newer double-paned vinyl windows fill the home with natural light. The spacious kitchen provides excellent functionality and a layout ideal for everyday living and entertaining. The primary bedroom includes multiple mirrored closet doors and a private en-suite bathroom featuring a dual vanity with granite counters and a large dual-headed walk-in shower. The backyard offers ample space for outdoor entertaining or relaxation, and the attached two-car garage adds convenience and extra storage. Located just steps from the lake and a short walk to the Lake Forest Beach and Tennis Club, you'll enjoy access to exceptional amenities including a Jr. Olympic swimming pool, beach and swim lagoon, tennis and pickleball courts, basketball courts, sand volleyball, a fitness center, preschool, Lake View Lounge, and more. This is a rare opportunity to enjoy inviting, lake-close, single-level living in one of Lake Forest's most desirable communities.
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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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by HomeSmart, Evergreen Realty | $999,900 | |
| Listed by HomeSmart, Evergreen Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017