405 Kanasdatsi Drive
About This Property
Built by an owner who was on-site throughout construction, the home reflects exceptional care, craftsmanship, and long-term durability. Exterior features include Hardie board shake siding on three sides, a substantial upgrade chosen for longevity and low maintenance. Inside, solid wood doors enhance sound quality and overall build integrity, while high-efficiency fireplaces provide comfortable warmth with low operating costs. Every material and detail was selected with timeless appeal and efficiency in mind.
The gently sloping driveway and terrain allow for easy access, ample parking, and convenient maneuvering for guests and deliveries-an increasingly rare feature within the community. Mature landscaping and natural surroundings create a private, estate-like feel, with thoughtful orientation that captures lake views without sacrificing privacy.
Priced below the current county tax appraisal, this home offers compelling value, including a lower price per square foot than many multi-level properties currently on the market. A rare opportunity to own a well-located, single-level lakefront home built with intention, quality, and enduring appeal.
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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 16, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Looking Glass Realty, Connestee Falls | $1,450,000 | |
| Listed by Looking Glass Realty, Connestee Falls | |||
| Jan 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 30, 2025 | Price Decreased |
$1,500,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017