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28774 Palisades
About This Property
The property includes an existing boat dock and dock house, offering immediate lake access and a valuable head start on enjoying the lake lifestyle. Building plans are available.
Celebrated for its exclusivity, natural beauty, and four-season recreation, this homesite offers the perfect blend of privacy and proximity to lakeside amenities. Whether you envision a full-time residence or a luxury mountain getaway, this property presents a truly rare chance to secure prime lake frontage in one of the area's most sought-after neighborhoods.
Lakefront vacant land opportunities of this caliber are increasingly scarce-don't miss the chance to build your legacy on the water.
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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 |
|---|---|---|---|
| Jan 12, 2026 | Listed by Vista Sotheby's International Realty | $1,495,000 | |
| Listed by Vista Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017