39
Map
3940 Lake Shore Drive
About This Property
The private covered 20x20 dock sits on deep water (˜10 ft) and remains fully accessible even during drier seasons. Currently, the water depth at the dock is approx 7 ft, making it ideal for boating, fishing, and lake activities year-round. The dock has been updated to meet current code requirements and features encapsulated flotation.
One of the standout features is the expansive 636 sq ft elevated covered porch, an incredible space for entertaining, relaxing, or simply enjoying lake breezes and peaceful views. The home also includes a sturdy 690 sq ft attached carport, offering covered parking for vehicles or a boat.
The backyard is enhanced by mature trees that provide privacy and shade, along with 3 storage sheds ideal for tools, lake gear, or hobbies. Two sheds are equipped with electricity, and one includes a window unit and has been used as a workshop.
Harbor Point Subdivision offers outstanding amenities, including a community swimming pool, boat dock, boat launch, RV dump station, and trash dumpsters. The area is also rich in wildlife, with abundant deer and a serene natural setting that makes every day feel like a retreat.
A peaceful weekend getaway or a full-time lakefront residence, this property offers a rare opportunity to own a special piece of Lake Brownwood living. Schedule your private tour 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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| May 7, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Price Decreased |
$199,000
↓ $21K
(9.6%) | |
| Price Decreased | |||
| Apr 18, 2026 | Listed by Ann Jones Real Estate | $220,000 | |
| Listed by Ann Jones Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017