3250 Red Mill Road
About This Property
Imagine building your home where privacy, nature, and opportunity meet.
This exceptional 7.03-acre residential parcel on Red Mill Road in Nedrow, NY offers a rare combination of extensive road frontage, build-ready conditions, and direct lake access, all just minutes from Syracuse and major amenities.
With over 700 feet of frontage on a public road, the property provides outstanding accessibility and flexibility. Whether your vision is a private estate, a custom-built single-family home, or a thoughtfully planned residential project, the layout allows multiple design and access options.
The land is semi-wooded, featuring mature trees and lush greenery that create a peaceful, private setting while still offering ample open space for construction. Wildlife is abundant, enhancing the feeling of living immersed in nature.
A truly unique feature is the included lakefront parcel of approximately 0.5 acres, offering direct access to calm waters ideal for fishing, kayaking, or simply enjoying the view. This waterfront element adds both lifestyle value and long-term appeal rarely found at this price point.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Relisted | $64,900 | |
| Relisted | |||
| Apr 19, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Relisted | $64,900 | |
| Relisted | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Listed by Listwithfreedom.com | $64,900 | |
| Listed by Listwithfreedom.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017