2607 HOPTREE LANE
About This Property
Enjoy peaceful water views from your backyard while taking advantage of the fully fenced yard, perfect for pets, entertaining, or relaxing outdoors. Inside, the home features tile flooring throughout the main living areas with carpet in the bedrooms, creating a comfortable and low-maintenance living space. The open layout provides a bright and inviting atmosphere with modern finishes and thoughtful design.
Energy efficiency is a standout feature with a leased solar system at just $75/month, helping to keep utility costs low, along with an average electric bill of approximately $55/month-even while accommodating the additional usage from the in-law suite and full appliance setup.
Located in the desirable Majestic Oaks community, this home offers a quiet setting while still being conveniently close to shopping, dining, and a short drive to local beaches and major roadways.
This is a rare opportunity to own a newer lakefront home with in-law suite, fenced yard, and energy-saving solar in Edgewater-schedule your showing today!
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$399,900
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by RE/MAX SIGNATURE | $414,900 | |
| Listed by RE/MAX SIGNATURE | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017