31
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4445 Chapel Road
About This Property
Exceptional Value. Priced under $1 million, you'd be hard pressed to buy the lot, build this home, install the dock, and complete everything today for close to this price. If you've been waiting for the right waterfront property, this is one you need to see!
Located on the highly sought-after West Side, this brand-new waterfront home offers the complete lake lifestyle with breathtaking open-water views, a level grassy yard shaded by mature pecan trees, a sandy beach shoreline, and a private dock with a HydroHoist boat lift ready for your next day on the water.
Designed for both full-time living and unforgettable weekends, the home comes fully furnished and features a spacious kitchen, two inviting living areas, and seamless indoor-outdoor entertaining.
The thoughtfully designed accessibility ramp allows everyone to enjoy easy access to the home and waterfront.
Whether you're looking for a luxury lake home, family retreat, short term rental, or investment property, this home checks every box.
No HOA. No restrictions. Plenty of room to expand. Exceptional fishing from your dock. Restaurants and amenities just minutes away.
The seller has priced this property aggressively and is prepared to work with qualified buyers. If you've been waiting for the right opportunity on Possum Kingdom Lake, don't miss this one!
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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 25, 2026 | Price Decreased |
$999,999
↓ $150K
(13%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Smart Realty | $1,150,000 | |
| Listed by Smart Realty | |||
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 7, 2025 | Price Decreased |
$450,000
↓ $100K
(18.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017