42364 Edgewater Drive
About This Property
The heart of the home is a magnificent gourmet kitchen designed with the chef in mind. It comes fully equipped with a professional-grade gas stove and sleek hood vent, beautifully complemented by rich, wood-colored cabinetry and a striking grey and white brick backsplash. The kitchen flows seamlessly into the highly sought-after extended living room, where large windows frame breathtaking, serene lake views that create the perfect backdrop for both daily living and effortless entertaining.
Practicality meets luxury with an upgraded, oversized laundry room complete with a utility sink and a dedicated extra storage closet to keep your home organized. Situated within an exclusive, gated community that features its own sparkling neighborhood pool, this property balances private relaxation with unmatched convenience. Best of all, you are just a short walk or golf-cart ride away from the vibrant dining, shopping, and community events at Founders Square. Experience modern, sustainable luxury at its finest.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$440,000
↓ $59K
(11.8%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$499,000
↓ $11K
(2.2%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by EXP Realty LLC | $510,000 | |
| Listed by EXP Realty LLC | |||
| May 12, 2022 | Sold | ||
| Sold | |||
Property Highlights
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About Charlotte
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017