27615 Meadow Bay Drive
About This Property
Step through the level entry into a grand living space featuring soaring ceilings, custom wood beams, and a dramatic stone fireplace. Enjoy uninterrupted 180-degree lake views from the expansive living area, perfect for entertaining. The dining room, with seating for 18, flows seamlessly onto a spacious upper deck designed for dining, barbecuing, and relaxation.
The gourmet kitchen is a chefa€™s dream, boasting a large center island with a wine cooler, secondary sink, and microwave. Top-of-the-line appliances include dual refrigerators, dishwashers, ovens, and a professional double range. A walk-in pantry and a custom wine cellar complete this culinary haven.
The home is thoughtfully designed with two primary suitesa€"one on each levela€"offering privacy and luxury. Every bedroom has an ensuite bathroom, unique design details, fireplaces, and curated tile accents. Additional conveniences include a generous laundry room with two sets of washers and dryers, plus another set in the primary suite. Central air ensures comfort year-round.
The lower level is an entertainera€™s paradise, featuring a sprawling recreation room with a custom wet bar, grand stone fireplace, multiple seating areas, and three televisionsa€"perfect for game days or hosting. Step outside to the lower deck, a shaded retreat with outdoor heaters for year-round enjoyment.
A detached guesthouse above the garage provides an additional layer of comfort and privacy, with a full kitchen, cozy living area with a fireplace, and two ensuite bedrooms. Both the main house and guesthouse are equipped with generators, ensuring reliability in any season.
Lakeside, a dedicated dock house offers storage for water gear, a bathroom, and space to relax. The brand-new single-slip dock measures 16 feet by 10 feet, providing direct access to Lake Arrowheada€™s pristine waters.
Practical features abound, including a spacious 3+ car garage and exterior parking for six vehicles, all situated at the end of a private cul-de-sac.
The seller is open to creative financing or trade opportunities. Dona€™t miss this rare opportunity to own a one-of-a-kind lakefront retreat in Meadow Bay.
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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Price Decreased |
$4,550,000
↓ $200K
(4.2%) | |
| Price Decreased | |||
| Jan 24, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $4,750,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017