4847 Destitute Way
About This Property
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 6, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$1,195,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by Sheila Davis Group | $1,295,000 | |
| Listed by Sheila Davis Group | |||
| May 27, 2025 | Listed | $1,425,000 | |
| Listed | |||
| | |||
|
Welcome to your dream waterfront home on Lake Lanier! This stunning, nearly new property is just steps away from your deeded community slip, offering breathtaking views and easy access to the water. Custom built in 2022, this Gulfport plan by Frank Betz features a spacious master suite on the main level, complete with a cozy sitting area, a luxurious soaking tub, and a separate shower. As you enter, you'll be greeted by beautiful hardwood floors throughout the main level and custom window shutters, leading to an open-concept living area that boasts stunning wood beam ceilings and a brick gas starter fireplace with built in bookcases, perfect for chilly evenings. The well-appointed kitchen includes a 6 burner gas cooktop, large ovens, vent hood, stainless steel appliances, custom cabinets and elegant granite countertops and a separate formal dining room adorned with elegant Wainscoting, making it ideal for entertaining. You'll also find a convenient pantry, laundry room with sink, and mudroom on this level. Step outside to enjoy the expansive screened porch featuring a fireplace and a tongue-and-groove ceiling, alongside a grilling porch that descends into a large backyard-perfect for outdoor gatherings. Upstairs, you'll discover three generous bedrooms and two full baths, ensuring plenty of space for family and guests. A separate staircase leads to an extra-large bonus room above the garage, which can serve as additional guest space or a recreational area. This home also includes a full unfinished basement, providing ample storage and plumbing for a future bath. Additional features include a private well, an irrigation system, and a propane tank large enough to power a generator for two weeks if needed. The community dock is a true highlight, featuring aluminum construction with teak flooring, a spacious top party deck, and 35 feet of water at the slip. Don't miss this incredible opportunity to embrace lakefront living-store your paddleboard or kayak right on the shore and take a short stroll to your deeded slip on deep water. Schedule your tour today and start living the lake lifestyle you've always dreamed of! Up to 1% lender credit offered!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017