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31 Cove Road
About This Property
PROPERTY HIGHLIGHTS:
• EXQUISITE REMODEL: 1,465 SF w/ vaulted ceilings, LVP flooring, newer drywall, newer windows, & sunlit open layout.
• GOURMET KITCHEN: Gas fireplace, KitchenAid appliances, & fully screened-in porch.
• UPPER LEVEL: Office nook, 2 bedrooms, & primary bath w/ seamless glass walk-in shower.
• DOCK & WATERFRONT: Rip rap shore, 10x30 slip, 2023 boat lift, drive-on PWC lift, & newer dock roof.
• OUTDOOR OASIS: Multiple decks, 2022 Bullfrog hot tub, newer septic, & newer driveway.
• PRIME LOCATION: Minutes popular lake hotspots by boat or car! Excellent investment flexibility (*See rental revenue projection).
Whether you seek a turn-key private haven or an income producer, this cove-protected Ozark Shores gem delivers the ultimate lake lifestyle. Motivated setup & priced to move fast-schedule your private tour today!
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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 |
|---|---|---|---|
| Aug 12, 2026 | Price Increased |
$519,900
↑ $71K
(15.8%) | |
| Price Increased | |||
| Jun 24, 2023 | No longer available | - | |
| No longer available | |||
| May 27, 2023 | Price Decreased |
$449,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| May 21, 2023 | Price Decreased |
$459,000
↓ $16K
(3.4%) | |
| Price Decreased | |||
| May 4, 2023 | Listed by Keller Williams Lake of the Ozarks Realty | $475,000 | |
| Listed by Keller Williams Lake of the Ozarks Realty | |||
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Huge Price Drop! Stunning Lakefront Home Nestled on the 3MM, Lake of the Ozarks! Are you looking for peace and tranquility? Look no further! This home rests on a beautiful 1.62 acre lot with a beautiful creek and is abundant in wildlife. As you walk into this home, you are instantly drawn to the wall of windows overlooking the lake, allowing the natural sunlight to flood throughout. Attention to detail was in mind when remodeling as the expansive 1,465 sqft open floor plan allows for easy living as well as ease of entertaining family and friends. Sit by the gas fireplace in the Kitchen and unwind, or relax in the fully screened-in porch and lose yourself for awhile. The upper level boasts an office nook overlooking the living room, a full bathroom with a seamless glass walk-in shower, master bedroom and second bedroom. Close to the local hot spots, so hop in the boat from your dock with a 10'x30' boat slip & explore. New Septic, Windows, Drywall, Dock Roof, Rip Rap, Driveway & more. The manager has listed the unit size as 1465 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017