4948 Coach Lane
About This Property
LOT LOCATION IN RESORT: Positioned on beautiful Coach Lane, often referred to as "Millionaire's Row", this off-lake lot backs up to a Nature Preserve and faces West so you have afternoon sun on the driver's side of your Coach. This positioning allows for afternoon shade in your outdoor living space and spectacular sunsets.
RENOVATED COACH HOUSE / CASITA: Fully renovated (10x10) with new barrel tile (coated metal) roof in 2022 and all new interior with white Shiplap Wood walls, new flooring, AC, full-size LG Washer / Dryer, Sink, Toilet and custom made Closet with pull-out shelves for extra storage.
Pelican Lake Motorcoach Resort Amenities & Lifestyle Ownership includes:
Newly renovated clubhouse with social events during season
fitness facility
Heated pool and spa
Newly surfaced lit pickleball courts
Public tiki huts around the pool and pickleball area.
Professionally landscaped grounds
On-site management and maintenance
Paved private roads and sidewalks
High-speed internet included in quarterly dues
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 19, 2026 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by Motorcoach Resort Realty, Inc | $219,000 | |
| Listed by Motorcoach Resort Realty, Inc | |||
| Mar 26, 2025 | No longer available | - | |
| No longer available | |||
| Mar 5, 2025 | Price Decreased |
$249,000
↓ $26K
(9.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017