258 Sunset Point
About This Property
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Listed by Ebby Halliday Realtors | $2,249,000 | |
| Listed by Ebby Halliday Realtors | |||
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Located on a beautiful 0.87-acre treed lot with 396 feet of shoreline on deep water in a gated community near the Pinnacle Club where golf and social memberships are available. Short-term rentals allowed! With approximately 10 feet of water depth under the boathouse and a wide, protected cove with open water views, the setting provides some of the best kind of water on the lake. This exceptional lot is larger than most on Cedar Creek Lake, offering privacy and ample room to expand—whether adding an outdoor kitchen, guest quarters, pool, pickleball court, garage, or storage building.
Designed for lake living, the floorplan captures water views from nearly every room. Spacious and inviting, the home is ideal for hosting family and friends with five bedrooms, five baths, and a large bonus room. The main level features a beautifully updated kitchen with a large island, six-burner gas cooktop, granite countertops, and double ovens, opening to the dining and living area with a stone gas fireplace and durable LVP flooring. Two remodeled waterside ensuite bedrooms—including the primary suite—are located on the main floor, along with a third full bath and a brand-new bunk room offering two queen bunks with twin tops perfect for hosting younger guests or adults. The second level includes two additional ensuite bedrooms and a game room with a wet bar, all opening to a full-length balcony overlooking the lake. The home comfortably sleeps 18+ and is designed for effortless entertaining, with expansive outdoor living on both the covered main-level patio and the upper balcony. The boathouse includes two full-size slips, a spacious covered sitting area, fish-cleaning station, composite party deck with slide, storage room, and a separate fishing pier.
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| May 28, 2021 | Sold | ||
| Sold | |||
| Mar 24, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017