409 County Road 138c
About This Property
Nestled on over a half-acre with approximately 71 feet of coveted open waterfront, this custom lake retreat offers 2,080 square feet, 3 bedrooms, 2 bathrooms, soaring vaulted ceilings, and walls of windows designed to capture panoramic lake views from nearly every angle. The open-concept living area flows effortlessly into the spacious kitchen, creating the perfect gathering place for family holidays, entertaining friends, or simply relaxing after a day on the water.
The stunning two-sided gas log fireplace creates an inviting atmosphere, warming both the living room and the primary suite for cozy evenings year-round. Upstairs, the loft bedroom offers additional sleeping space ideal for guests, grandchildren, or a private office overlooking the lake.
Outside is where this property truly shines. Enjoy your morning coffee while listening to the peaceful sounds of nature, spend afternoons boating, fishing, kayaking, paddleboarding, or swimming in the deep waters of Lake Buchanan, then unwind on the expansive covered deck with your favorite beverage as the sky explodes into vibrant shades of orange, pink, and purple.
Located in the highly desirable Bonanza Beach community, residents enjoy access to a private neighborhood park, boat launch, and one of the most peaceful stretches of shoreline on Lake Buchanan. Whether you're searching for a full-time residence, weekend getaway, family lake house, or income-producing vacation rental, this property checks every box.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 9, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Listed by z4 Ranch and Residential, eXp Realty | $835,000 | |
| Listed by z4 Ranch and Residential, eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017