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27598 Meadow Bay
About This Property
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by COMPASS | $2,300,000 | |
| Listed by COMPASS | |||
| Jan 20, 2025 | Listed | $3,199,000 | |
| Listed | |||
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Welcome to 27598 Meadow Bay Drive! Step into this stunning, fully furnished home in a highly coveted gated lakeside community of Meadow Shores, where luxury meets comfort. Designed for both elegance and everyday living, this property offers a unique blend of sophistication and practicality. Located just a short stroll across the street from the lake at the end of the culdesac, this home includes a half-double, fully refurbished dock, perfect for boating enthusiasts. The pride of ownership is evident in every detail, from the open floor plan on the main level to the high-end upgrades throughout. The versatile extra room on the main level can serve as an office, additional bedroom, or any space you desire. Upstairs, the primary suite is a true retreat, featuring a cozy fireplace and ample space. Alongside the primary, you’ll find three additional spacious bedrooms. The exterior is equally impressive, boasting a beautiful deck and outdoor entertaining area where you can host gatherings or relax in tranquility. Recent upgrades include brand new engineered white oak hardwood flooring throughout and a newly remodeled kitchen, adding even more value to this exceptional property. Lake rights included! Don’t miss the opportunity to own this elegant home—schedule your viewing today and experience lakeside living at its finest!
*A 2020 MB Tomcat, fully-loaded ski boat that has been professionally stored and serviced is available with the right offer! Ask for details.
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| Feb 22, 2023 | No longer available | - | |
| No longer available | |||
| Jan 7, 2023 | Listed by Re/Max One | $2,799,900 | |
| Listed by Re/Max One | |||
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Welcome to 27598 Meadow Bay Drive! This stunning home is located nestled in the wonderful gated community of Meadow Shores Estates. The manager has listed the unit size as 4063 square feet.
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| Mar 31, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017