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2462 FORT LANE ROAD
About This Property
Inside, the home features an inviting open floor plan designed to maximize both space and natural light while capturing stunning lake views throughout the main living areas. Recent upgrades have transformed this property into a move-in-ready oasis, including new double-pane windows and sliding glass doors, new blinds and window treatments, a brand-new AC and heat pump system with both air handler and compressor, and a new tankless water heater installed in 2026. Additional improvements include updated interior and exterior electrical panels and breakers, new toilets, a whole-house water filtration system, and a reverse osmosis water purification system for exceptional water quality.
The exterior amenities are equally impressive, offering extensive enhancements completed in 2024 and 2025. Enjoy the outdoors year-round from the newly constructed aluminum screen room with an insulated roof, while both lakeside and street-side aluminum fencing provide beauty and security. The entire lot was professionally re-landscaped in 2025, creating a stunning outdoor environment that complements the priceless lakefront setting. For added convenience and future flexibility, the property also features a newly permitted aerobic septic system designed for up to a 4-bedroom, 4-bathroom home, along with a new 50-amp electrical and sewer hookup ready for RV parking. This is a rare opportunity to own a beautifully updated lakefront property with unmatched privacy, modern upgrades, and incredible potential.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$500,000
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$525,000
↓ $25K
(4.6%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by KELLER WILLIAMS WINTER PARK | $550,000 | |
| Listed by KELLER WILLIAMS WINTER PARK | |||
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017