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2811 Fault Line Dr
About This Property
Open concept features soaring ceilings, fireplace, floating 2nd story design with water views. Chef's kitchen includes quartz countertops, Thermador appliance suite, wine cooler, butler's pantry, and mudroom. Main-level lakeview primary suite offers spa-style bath with wet room and soaking tub, plus a private guest suite. Upstairs includes a second living area with wet bar, bunk room, two additional bedrooms, and two baths (one en-suite). Covered patio with outdoor kitchen and fireplace overlooks the pool and lake. Oversized 3-car garage. Buyer may customize this plan or design a custom home (pricing subject to change). Blueprint available; similar home available for tour.
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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 |
|---|---|---|---|
| Mar 17, 2026 | Listed by XL Legacy International | $4,250,000 | |
| Listed by XL Legacy International | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017