3049 Park Road 36
About This Property
Spacious Furnished Lakefront Family Retreat at Possum Kingdom Lake
Welcome to your dream lakefront getaway, perfectly positioned on highly sought-after deep water along the south side of The Peninsula on one of the highest points. Behind the gated entrance, you'll find generous paved parking, ensuring privacy and convenience for you and your guests.
Step inside to a bright, open-concept great room, dining area, and beautifully remodeled kitchen-all thoughtfully designed to capture breathtaking 180 degree lake views to the south and east. The kitchen boasts abundant cabinetry and expansive countertops, ideal for preparing meals and entertaining in style.
Enjoy sunrise coffee or relax in the evening shade on the spacious composite deck that spans the east side of the home. The main floor features two sleeping rooms: a private and comfortable primary suite with a ¾ bath, plus a second room with a built-in trundle bed and a convenient half bath.
Upstairs, a brand new composite deck stretches across the second floor. This thoughtfully designed addition includes three bedrooms-two king-sized rooms and a bunk room-each with its own en-suite full bath and private entrance to avoid disturbing others. A convenient laundry room is also located on this level.
Follow the scenic path with handrails down to the impressive two-story covered dock on deep water. Here you'll find an extra-large boat lift, a swim deck, a Jet Ski lift, and endless opportunities for lakeside adventure. An outdoor shower next to the deck makes rinsing off after a day on the lake a breeze, while a handy storage shed provides space for all your lake gear.
With the east-facing lakefront, you'll bask in peaceful morning sunrises and cool, shaded evenings-creating the perfect setting for unforgettable memories at your Possum Kingdom paradise.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Jul 1, 2025 | Listed by RE/MAX Elite Group | $1,750,000 | |
| Listed by RE/MAX Elite Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017