3079 SAILBOAT Drive
About This Property
Tucked at the edge of the subdivision, this lot backs up to approximately 160 acres of undeveloped land, giving you wide-open views, privacy, and the peaceful feel of country living-without giving up lake access or convenience. The neighborhood boat dock and ramp are just blocks away, making spontaneous lake days and sunset cruises part of your normal routine instead of a special occasion.
Utilities are within reach, with electricity and water available (not yet installed), and a septic system would be needed. The flexibility here is a big win: build your dream lake home, place a manufactured home, or set up an RV for weekend escapes and summer holidays. With over 2 acres to work with, there's plenty of room to spread out, entertain friends and family, park boats and toys, or simply enjoy space and quiet that's becoming harder to find near the lake.
Whether you're looking for a long-term investment, a future homesite, or a weekend getaway base at Lake Brownwood, this property checks all the right boxes-location, privacy, flexibility, and value. Deals like this don't stay quiet for long.
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Cap Rate Calculator
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 9, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by KWSynergy | $35,000 | |
| Listed by KWSynergy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017