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2490 TREE HOUSE DRIVE
About This Property
Begin your mornings with coffee on the private dock as bald eagles soar overhead, spend afternoons boating, kayaking, or canoeing directly from your backyard, and end the day with dinner on the newly constructed deck overlooking the water. The Sea Eagle FastCat with its custom transport trailer, a two-person kayak, and a canoe can also convey, making it easy to enjoy the waterfront lifestyle from day one.
The finished walkout lower level offers incredible versatility with a private entrance, full kitchen, laundry, patio, fenced yard, and two bonus rooms. This thoughtfully designed space is ideal for multigenerational living, extended-stay guests, a private retreat, home offices, hobby rooms, or additional entertaining space.
The owners have invested nearly $250,000 in improvements, including a new private dock completed in 2023, a new deck in 2025, a beautifully renovated lower level, a rear patio, fenced front and back yards, and updated kitchen appliances. Additional highlights include Andersen windows, a 50-year roof installed in 2017, three-zone heating and cooling, public water and sewer, and a spacious driveway with three-car garage parking. One more unexpected surprise awaits above the garage, where an expansive walk-up attic provides incredible additional storage and exciting possibilities.
Tucked away on a peaceful cul-de-sac, this private riverside sanctuary feels like a true escape while remaining close to shopping, dining, commuter routes, the VRE, and Lake Ridge community
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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%.
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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.
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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.
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About Lake Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017