3056 Lakeside Drive
About This Property
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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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Price Decreased |
$995,000
↓ $205K
(17.1%) | |
| Price Decreased | |||
| Oct 3, 2025 | Listed by RE/MAX Saugatuck-Douglas | $1,200,000 | |
| Listed by RE/MAX Saugatuck-Douglas | |||
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Stunning Contemporary Retreat Just Steps from Lake Michigan This completely rebuilt home and garage have been re-imagined with a tasteful contemporary design and attention to detail throughout. Located just a block from the shore, the property includes private deeded access to a newly constructed staircase leading to a beautiful sandy Lake Michigan beach. Tucked away in a lushly landscaped, private setting, the outdoor living experience is enhanced by features like an outdoor shower and a spacious screened porch—perfect for summer evenings. Vinyl shades make this porch usable well into the cooler months. Inside, the open-concept main level flows seamlessly, ideal for entertaining or relaxing. The chef's kitchen boasts upgraded appliances, stylish finishes, and smart design for effortless cooking and hosting. The adjacent dining area is surrounded by expansive sliding glass doors, filling the space with natural light and offering beautiful views of the surrounding greenery. The living room is both spacious and cozy, centered around a warm gas fireplace that invites you to unwind. Upstairs, the primary suite is a true sanctuary, featuring a renovated bathroom, walk-in closet, and oversized sliding doors that open to a large private second-story deck. A cozy den/sitting area offers additional space to relax, along with a second full bath and generous storage. The guest bedroom is equally invitingyour visitors may never want to leave this serene Lake Michigan getaway. A plus is the in-floor radiant heat in all 3 bathrooms and in the garage is an EV charging station furniture may be available for purchase.
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| Aug 24, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017