321 Bay Court
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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%.
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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.
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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| Jun 2, 2025 | Price Decreased |
$675,000
↓ $44K
(6.1%) | |
| Price Decreased | |||
| May 1, 2025 | Listed by Ebby Halliday Realtors | $719,000 | |
| Listed by Ebby Halliday Realtors | |||
| | |||
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Enjoy lakefront living with room to relax, entertain, and unwind. Situated on a generous .37-acre lot with approximately 195 feet of shoreline, this beautifully updated home offers 2,452 sq ft of functional living space—ideal for full-time living or a weekend escape. The open-concept layout features a spacious kitchen, dining, and living area filled with natural light and lake views. The waterside primary suite includes direct access to the back deck—perfect for morning coffee or evening sunsets. A second lakeside bedroom also offers stunning views and a private door to the patio, creating an ideal guest retreat or home office. There’s also a third guest bedroom on the main floor, offering flexibility for hosting friends or extended family. Upstairs, the custom built-in bunk room provides a fun and functional space for kids or additional guests. Step outside to a large entertaining deck, fire pit area, peaceful sitting spot along the shoreline, and a unique built-in kayak storage solution cleverly tucked beneath the deck for easy lake access. A boathouse with lift, steel retaining wall, and lake pump-fed sprinkler system make lakeside living both easy and enjoyable. Additional highlights include a three-car garage, drop-zone mudroom, and walk-up attic space above the garage that’s perfect for storage or future finish-out.
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| May 27, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017