5 Breakwater Bend
About This Property
Introducing a premier waterfront lot in the exclusive Juniper Ridge community on Possum Kingdom Lake. This exceptional homesite offers direct access to the lake via a stone staircase leading to a serene cove and neighborhood dock-ideal for swimming, paddleboarding, or simply enjoying the tranquil waters.
Situated just steps from the resort-style pool, pavilion, and putting green, this lot combines luxury with convenience. With approval for a three-story home, envision breathtaking panoramic views from your top-floor balcony. Short-term rentals are permitted, presenting a lucrative investment opportunity.
Embrace the perfect blend of relaxation and recreation in this vibrant community. Whether you're planning a personal retreat or an income-generating property, this lot provides the ideal canvas for your vision.
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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 |
|---|---|---|---|
| Sep 2, 2025 | Sold | ||
| Sold | |||
| Apr 11, 2025 | Listed by Smart Realty | $425,000 | |
| Listed by Smart Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017