3793 FOREST Drive
About This Property
Welcome to your tranquil retreat nestled along the quiet, scenic shores of Black Creek. This beautifully appointed 3-bedroom, 2.5 bathroom home offers the perfect blend of comfort, functionality, and outdoor enjoyment.
Enjoy the convenience of a 2.5 car garage, golf cart garage, and carport, providing ample space for vehicles, toys, and tools. Step inside from your stairs or exterior elevator to find quartz countertops, a Viking Dual Fuel convection range, Sub Zero built in refrigerator, Viking convection microwave, GE Cafe' Dish Washer, custom cabinets, and a cozy fireplace, creating a warm atmosphere. Outdoors, this property is a dream come true for water lovers and entertainers alike. Host gatherings in the screened-in entertainment area complete with an outdoor kitchen and sweeping waterfront views. Boaters Paradise! They will appreciate the private dock, 30' by 12' boathouse with lift, and bulkhead, offering direct access to the peaceful waters of Black Creek. Access to all water sports like wake boarding, skiing and jet skiing!
The home is built above the flood zone elevation. The carport is 10 feet high, the garage has an unfinished bonus room on the second level. Aerator, hot water heater, heat pumps are raised above the flood zone elevation as well. The lot is equipped with a 6 zone sprinkler system, over sized driveway, and across Black Creek the view is stunning with nature and wildlife frequenting the Creek. It is directly across from the Old Ravines Golf Course which has been closed for several years.
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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 |
|---|---|---|---|
| Mar 16, 2026 | Sold | ||
| Sold | |||
| Feb 17, 2026 | In contract | - | |
| In contract | |||
| Jan 31, 2026 | Price Decreased |
$689,900
↓ $35K
(4.8%) | |
| Price Decreased | |||
| Jan 20, 2026 | Price Decreased |
$725,000
↓ $50K
(6.4%) | |
| Price Decreased | |||
| Jan 7, 2026 | Relisted | $774,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017