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347 Lanternback Island Drive
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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 |
|---|---|---|---|
| Sep 12, 2026 | Listed by Madison Allied LLC | $1,150,000 | |
| Listed by Madison Allied LLC | |||
| Jun 13, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Price Decreased |
$1,080,000
↓ $40K
(3.6%) | |
| Price Decreased | |||
| Apr 14, 2025 | Listed by One Sotheby's International | $1,120,000 | |
| Listed by One Sotheby's International | |||
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The exclusive community of Tortoise Island is for those seeking the best in quality design, amenities and waterfront living. From the moment you step inside 347 Lanternback, you are greeted with a wealth of architectural details and special touches that invite luxury living. This custom-built CONCRETE BLOCK, Joyal home is perfect for a family, with 4 BR / 3 baths, and an oversized 3 car garage with room for 3 car lifts in addition to the circular driveway and addt'l parking outside of the 3 car garage! With many upgrades in 2024 and 2025 including a COMPLETE CONCRETE TILE ROOF REPLACEMENT (NOV. 24), with full 7-year warranty transferable to new owner (wind mitigation report completed and available), TOTAL POOL RENOVATION (TILE REPLACEMENT AND RESURFACING), and BRAND NEW TOP OF THE LINE 400K BTU POOL HEATER, NEW INTERIOR AND FRONT EXTERIOR PAINT, iconene spray foam insulation, NEW POLYASPARTIC FINISHED GARAGE FLOOR with flake coating, and many others, this home is completely turnkey! This property features multiple Living and outdoor entertaining areas, all with magnificent water views. The kitchen, recently updated with NEWLY RESURFACED CUSTOM CABINETS and premium series 800 Bosch appliances allows you to enjoy informal meals in the eat-in breakfast nook or entertain guests in the formal dining area overlooking the bright and open living room. A first-floor primary suite with a soothing color palette, spacious floor plan, double walk-in closets, and a beautiful view of the lake invites rest and relaxation. Enjoy Florida living on the private screened expansive loggia offering up the ideal location for alfresco dining with a newly renovated summer kitchen, surrounded by peaceful water views and lush landscaping. The community offers top-tier amenities including a pool, gym, tennis, pickleball, clubhouse, and 24-hour security. Just minutes from our beautiful beaches and with a view of the rocket launches from your private backyard, this estate home is your personal paradise
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About Tortiose Island
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$2,500 /mo
- 2 Beds
- 1 Bath
- 946 ft²
$2,500 /mo
- 2 Beds
- 1 Bath
- 946 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017