4536 Emerald Bay Drive
About This Property
Listed By
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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, 2024 | Relisted | $285,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Nov 8, 2023 | No longer available | - | |
| No longer available | |||
| May 11, 2023 | Listed by Real Broker Technologies, Inc. | $285,000 | |
| Listed by Real Broker Technologies, Inc. | |||
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Welcome to an extraordinary opportunity that is truly one of a kind! This is your chance to build your own custom estate with a dock on a private lake, and it's not just any lake. This stunning piece of land is located on Paradise Lakes in Arvin California, and is one of three lots available. Paradise Lakes Estates is a remarkable gated community with its own private airstrip situated between two lakes. It can easily accommodate all single engine and some twin-engine aircrafts. Plus, it's the only lake in the area that allows larger 23.5 ft wakeboarding boats to be used! Imagine waking up every day in your custom dream home next to world-class competition ski lakes. This unique location offers endless opportunities to create memories that will last a lifetime! Don't miss out on this rare opportunity to own a piece of paradise!
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| May 20, 2021 | Listed | $280,000 | |
| Listed | |||
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Extraordinarily unique opportunity to build your own custom estate with a dock on a private lake!! This lot is one of three lots available on Paradise Lakes in Arvin California. The remarkable gated community is truly one of a kind. Paradise Lakes Estates has its own private airstrip between the two lakes that can accommodate all single engine and some twin-engine aircrafts. It is the only lake in the area that allows larger 23.5 ft wakeboarding boats to be used. Build your own custom dream home next to world class competition ski lakes and create memories that will last a lifetime! Don't miss out on this rare opportunity, call for much more information!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017