335 N COUNTY ROAD 315
About This Property
The two-story Nest Cottage features a bright and light filled upstairs studio, while the separate two-bedroom, one-bathroom mobile home offers comfortable and functional living space. This setup is ideal for multigenerational living, owner occupancy with rental income, a guest or in law retreat, home office, or short-term rental use. Buyers may explore long term or vacation rental options subject to verification and local regulations.
Both interiors feel refreshed and welcoming, while the outdoor setting invites kayaking, fishing, and peaceful mornings by the water. The property includes an onsite well, ample parking, and convenient access to North County Road 315, Interlachen amenities, and nearby public boat ramps.
The property is tenant occupied, and advance notice is required for all showings. This is a rare opportunity to own a move in ready lakefront property with built in flexibility and the ability to personalize over time. Buyer to verify all measurements, zoning and permitted uses, lease terms and transferability, and eligibility for any dock or shoreline improvements. Some photos have been irtually staged to show potential layout and furnishings. Owner is a licensed Realtor.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$89,900
↓ $5K
(5.3%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$94,900
↓ $5K
(5%) | |
| Price Decreased | |||
| Mar 1, 2026 | Price Decreased |
$99,900
↓ $5K
(4.9%) | |
| Price Decreased | |||
| Feb 18, 2026 | Price Decreased |
$105,000
↓ $5K
(4.6%) | |
| Price Decreased | |||
| Oct 13, 2025 | Price Decreased |
$110,000
↓ $5K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017