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3506 Lantern Bay Drive
About This Property
Lantern Bay at Jonathan's Landing is known for its beautifully manicured landscapes, upscale amenities, and premier waterfront living. Whether you choose to renovate or enjoy the home as is, this property represents a rare opportunity to own one of the most sought-after lakefront lots in the community.
Nestled within the prestigious Jonathan's Landing community, residents enjoy access to world-class amenities, including championship golf courses, tennis courts, and a state-of-the-art clubhouse. With convenient proximity to fine dining, shopping, and pristine beaches, this is coastal living at its finest.
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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 |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed by Holland Group Real Estate LLC | $2,249,000 | |
| Listed by Holland Group Real Estate LLC | |||
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Welcome to 3506 Lantern Bay Drive, a remarkable lakefront property in the prestigious Jonathan's Landing community. Nestled in a serene setting near the charming butterfly park, this home enjoys an idyllic lake view that enhances the peaceful ambiance. Inside, the residence offers a spacious layout with multiple living and dining spaces, making it incredibly versatile for a variety of lifestyle needs. Large windows throughout the home flood the rooms with natural light, creating a bright and welcoming atmosphere while showcasing the serene lake views. A sunroom provides the perfect space to relax and unwind, offering panoramic views of the water and an ideal spot for morning coffee or evening gatherings. With 3 bedrooms and 3.5 baths, this home presents a fantastic opportunity to
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About Jonathan's Landing
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017