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3498 Lantern Bay Drive
About This Property
The bathrooms have been thoughtfully remodeled to exude luxury and style, offering a spa-like experience that adds a touch of elegance to your daily routine. With 3 bedrooms and 3.5 baths, this residence provides ample space for both privacy and togetherness, catering to the needs of modern living.
The living room and family room are both generously sized, providing versatile spaces for relaxation and entertainment. The large windows allow natural light to flood the rooms, creating a bright and inviting atmosphere that complements the serene lake views.
Enjoy the luxury of an east-facing lot, where you can wake up to the warmth of the morning sun. The thoughtfully designed 2.5-car garage offers convenience and additional storage space for your vehicles and belongings.
Notable features of this property include a relatively new roof (just 4 years old), a meticulously crafted paver driveway that adds to the overall curb appeal, and the reassurance of a well-maintained residence that stands the test of time.
Lantern Bay in Jonathan's Landing is renowned for its upscale community amenities, and this lakefront lot is a prime example of the lifestyle it offers. From the manicured landscapes to the tranquil water features, this is more than just a home - it's an invitation to embrace a life of comfort, luxury, and natural beauty.
In summary, this lakefront property is a unique and rare opportunity to own one of the largest lots in Jonathan's Landing. With room for a pool, exceptional lake views, and a prime location near the butterfly park, this residence combines the best of outdoor living with the convenience of a thoughtfully updated interior. Seize the chance to make this lakeside haven your own - a place where tranquility meets modern luxury in perfect harmony.
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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.
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About Jonathan's Landing
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017