280 Cypress Point
About This Property
Discover the perfect spot to build your dream home in the prestigious gated community of the Cliffs Resort. The resort is perched 200 feet above the stunning blue waters of Possum Kingdom Lake, offering breathtaking views. This prime corner lot backs up to the championship golf course. From this location enjoy easy access to world class amenities, including the marina, pool, restaurant, and pro shop, all just moments away.
This is an unparalleled opportunity to embrace luxury lake living at its finest. Don't miss out.
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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 |
|---|---|---|---|
| Oct 28, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| May 11, 2025 | Price Decreased |
$28,000
↓ $2K
(6.7%) | |
| Price Decreased | |||
| Jan 2, 2025 | Listed by Century 21 Mike Bowman, Inc. | $30,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Sep 5, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017