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3537 Lakeview Drive
About This Property
Discover the potential of this 1970s classic on a prime .29-acre lot with sweeping lake and fairway vistas.
Solidly built, it offers soaring cathedral ceilings, a fireplace, and an expansive living room ready for open-concept transformation. Highlights include spacious bedrooms (convertible to three), an eat-in kitchen with pantry, screened porch, mature landscaping, two-car garage, and boat storage. Just minutes from beaches, golf, dining, and vibrant Atlantic Ave, this property is a perfect canvas for renovation, rebuild, rental, or flip - with nearby new construction driving strong value. Schedule your showing today!
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Cap Rate Calculator
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 20, 2026 | Sold | ||
| Sold | |||
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 15, 2026 | Relisted | $679,000 | |
| Relisted | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Price Decreased |
$679,000
↓ $20K
(2.9%) | |
| Price Decreased | |||
Property Highlights
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About Lakeview
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$7,900 /mo
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017