3025 Lake Drive
About This Property
The 3 bedroom, 4½ bath gated home is completely hidden by stately hedges and features a separate 3 car climate controlled garage and circular drive with plenty of guest parking. A well-appointed 2 bedroom, 2 bath guest house feels like a tropical getaway with a private waterfront patio.
Minutes from 95 and PBIA, this boater's paradise could serve as your launching point for excursions to the Bahamas or other Atlantic Ocean destinations.
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Price Decreased |
$7,500,000
↓ $500K
(6.3%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by Serhant | $8,000,000 | |
| Listed by Serhant | |||
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Unmatched Waterfront Estate Opportunity on Singer Island. Welcome to the largest waterfront lot on Singer Island north of the bridge—a truly rare offering boasting 159 feet of direct Intracoastal frontage and breathtaking panoramic wide-water views. The main house has been taken down to the studs and is ready to be reimagined—plans available. Set on 3/4 of an acre, this private estate epitomizes the pinnacle of South Florida coastal living, just minutes from the Palm Beach Inlet and within walking distance to pristine beaches.
Tailored for serious boating enthusiasts, the property features a new seawall and dock, four oversized boat slips—including accommodations for large yachts—24,000 lb Hurricane Boat Lift, 480V 3 Phase power, and water. The expansive grounds include a private sandy beach and a sprawling yard perfect for entertaining. A to-be-completed resort-style pool with a 4-ft deep lazy river promises the ultimate in outdoor leisure.
Additional highlights include a separate renovated 3-car garage and a new 2-car garageideal for a car collection, storage, or workshop spaceand a fully renovated detached 2-bedroom, 2-bath guest house complete with full kitchen and living area, offering exceptional accommodations for guests or extended family.
Whether you choose to renovate the existing structures or build your dream waterfront mansion, this property presents a rare, one-of-a-kind canvas for luxury living. Bring all your water toys and enjoy immediate access to world-class boating, fishing, and beaches. Don't miss this extraordinary opportunity to own one of the most coveted waterfront estates in Palm Beach County.
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| Apr 6, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017