249 Lake Drive
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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 |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2023 | Listed by Berkshire Hathaway HS NY Prop | $648,000 | |
| Listed by Berkshire Hathaway HS NY Prop | |||
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Whether you're in search of a quick weekend getaway or a year-round residence that promises an everyday retreat, look no further than this exquisite lakefront haven. Welcome to the serenity of waterfront living, as we introduce you to this charismatic Cape Cod-style home, once owned by the renowned actress and baroness, Elizabeth Allen. This property offers a resort-like existence, making it a true paradise for nature enthusiasts. Step into a unique world of Adirondack-style living, surrounded by picturesque woodlands and ice-age rock formations for ultimate privacy, and a myriad of activities at your doorstep, from swimming and boating to fishing, ice skating, and ice fishing. Take a leisurely stroll or a jog along the 1.2 mile lake trail, reveling in the scenic beauty. The charm of this retreat is accentuated by numerous oversized windows, which flood the interior with natural light, creating a park-like ambiance. For cozy moments, unwind in the living room by the stone fireplace, indulging in your favorite novel or relax in your hot tub overlooking the beauty of the lake. With an abundance of skylights, knotty pine walls, and three expansive decks, you can savor seasonal meals while soaking in the breathtaking panoramic views. The home boasts recent upgrades, including a modernized lower-level bathroom, a new roof and gutters, as well as meticulously crafted cement and blue stone walkways leading to your private boat dock and driveways. Plus, a 15,000-watt generator powers most of the house, ensuring uninterrupted comfort. The lower level of the house is thoughtfully designed to accommodate guests or provide an opportunity for Airbnb hosting. The property is adorned with magnificent landscaping and features a charming swing that extends over the lake, enhancing the ambiance of the home. Located near three beaches, this waterfront gem invites you to embark on a bidding adventure.
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| Oct 12, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 23, 2023 | Listed by Owner Entry.com | $699,999 | |
| Listed by Owner Entry.com | |||
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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017