4922 EMILEE GRACE LANE
About This Property
Picture arriving at the entrance of Narcoossee's East Lake Reserve, driving along tree-lined avenues adorned with majestic oaks that guide you to your newfound sanctuary. As you approach your residence, let your worries dissipate. The driveway leads to a welcoming front porch, perfect for a cozy sitting area. Upon crossing the threshold, discover a versatile Office/Den, adaptable as a craft room or an additional family space, connected to the dining room and kitchen.
Moving beyond the foyer, the generously sized living room awaits, boasting built-in features and abundant natural light, exuding a warm and inviting atmosphere. The well-appointed kitchen showcases modern stainless-steel appliances, including a built-in double oven, dishwasher, microwave, and refrigerator. Prepare culinary masterpieces with ease, thanks to ample counter space and a spacious center island.
Designed with a split floor plan, this home caters to families or multi-generational households seeking room to flourish. The master suite impresses with vaulted ceilings, a generously sized walk-in closet, and a private en-suite bathroom. Indulge in the en-suite's dual sinks, Jacuzzi tub, walk-in shower with a bench, and a water closet, ensuring ample space for personal grooming.
Across the house, discover three additional bedrooms, a guest bathroom, and a convenient pool bathroom. French doors from the living room lead to the covered lanai, featuring a hot tub and a screened patio, providing ample space to unwind while overseeing the fenced backyard where little ones can play. For furry family members, there's a dedicated area in the backyard.
Roof replaced in June of 2022, new LVP installed in primary bedroom and office. East Lake Reserve, an exclusive gated community, offers tranquility along with amenities such as a community dock overlooking East Lake Tohopekaliga, a playground, and Boat/RV storage. This home is sure to fulfill all the criteria on your checklist!
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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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Feb 26, 2025 | In contract | - | |
| In contract | |||
| Jan 23, 2025 | Price Decreased |
$525,000
↓ $50K
(8.6%) | |
| Price Decreased | |||
| Sep 6, 2024 | Price Decreased |
$574,500
↓ $6K
(1%) | |
| Price Decreased | |||
| Apr 8, 2024 | Price Decreased |
$580,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
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About East Lake Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017